Baillie Gifford China Growth Trust (BGCG)

Sector:

Investment Firms

Index:

FTSE Small Cap

193.00p
   
  • Change Today:
      4.50p
  • 52 Week High: 264.00
  • 52 Week Low: 176.00
  • Currency: UK Pounds
  • Shares Issued: 61.46m
  • Volume: 289,732
  • Market Cap: £118.62m
  • RiskGrade: 205

Witan Pacific sets 2021 goal to outperform its benchmark

By Josh White

Date: Monday 11 Feb 2019

LONDON (ShareCast) - (Sharecast News) - Witan Pacific Investment Trust updated shareholders on its performance on Monday, noting that it had experienced "some underperformance" relative to its benchmark in recent years.
The London-listed firm did say that it had achieved "significant absolute appreciation" in its underlying net asset value (NAV) and in its dividend over recent years, adding that benchmark underperformance was common with "many other" actively-managed funds.

Its board said it believed that the company must justify its actively-managed investment approach.

"Accordingly, the board has determined that, if the company does not deliver NAV total return outperformance of its benchmark over the period from the last financial year end to 31 January 2021, the board will put forward proposals which would include a full cash exit at close to NAV for all shareholders as soon as reasonably practicable after 31 January 2021," the firm said in its statement.

Witan Pacific described itself as a multi-manager investment trust, and the only investment trust with a pan-Asia mandate including Japan.

It had outperformed its benchmark - the MSCI AC Asia Pacific - since the inception of its multi-manager strategy in 2005.

"The board remains confident that the company's pan-Asian focus and multi-manager investment strategy can deliver attractive returns and long-term outperformance for shareholders, however the board believes it appropriate to offer shareholders the opportunity to realise their holding in the company at close to NAV, in the circumstances described," the directors added.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

BGCG Market Data

Currency UK Pounds
Share Price 193.00p
Change Today 4.50p
% Change 2.39 %
52 Week High 264.00
52 Week Low 176.00
Volume 289,732
Shares Issued 61.46m
Market Cap £118.62m
RiskGrade 205

BGCG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
58.2% below the market average58.2% below the market average58.2% below the market average58.2% below the market average58.2% below the market average
13.13% below the sector average13.13% below the sector average13.13% below the sector average13.13% below the sector average13.13% below the sector average
Price Trend
45.94% below the market average45.94% below the market average45.94% below the market average45.94% below the market average45.94% below the market average
83.18% below the sector average83.18% below the sector average83.18% below the sector average83.18% below the sector average83.18% below the sector average
Income
69.23% below the market average69.23% below the market average69.23% below the market average69.23% below the market average69.23% below the market average
6.67% below the sector average6.67% below the sector average6.67% below the sector average6.67% below the sector average6.67% below the sector average
Growth
12.97% below the market average12.97% below the market average12.97% below the market average12.97% below the market average12.97% below the market average
13.16% below the sector average13.16% below the sector average13.16% below the sector average13.16% below the sector average13.16% below the sector average

BGCG Dividends

  Latest Previous
  Final Final
Ex-Div 22-Jun-23 23-Jun-22
Paid 26-Jul-23 27-Jul-22
Amount 1.70p 4.60p

Trades for 28-Mar-2024

Time Volume / Share Price
16:29 2,973 @ 192.83p
16:25 557 @ 193.50p
16:25 1,020 @ 193.50p
16:25 2,400 @ 193.50p
16:25 2,000 @ 193.50p

BGCG Key Personnel

Chair Susan Platts-Martin

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