Analyst research note - Kepler Trust Intelligence

Alliance Trust's specialist managers have added value in volatile market conditions…

We think ATST’s relatively strong performance over the past three years demonstrates the potential of its sophisticated strategy. The neutral stylistic exposure to global equity markets leaves investors less exposed to the macro factors driving short-term market returns which has proven valuable in a period of heightened volatility. We think the persistent volatility across financial markets should continue to create opportunities for the stock-picking expertise of ATST’s delegate managers to add value, whilst the diversification may provide some downside protection over the longer term.