This has been a transformational year for Alliance Trust, as the new approach to managing our equity portfolio was approved by shareholders and implemented in the spring.
The early investment performance achieved by this new approach has been encouraging against the backdrop of world markets which have been characterised by macro-economic and political uncertainty. That said, it is still early days and all of us at Alliance Trust recognise our commitment to invest for generations. We look forward with confidence to the opportunities and challenges that 2018 will bring as the new approach becomes more familiar to the market and we develop our track record.
''ALLIANCE TRUST WAS ONE OF THE EARLIEST INVESTMENT TRUSTS TO BE CREATED BACK IN 1888 AND WE ARE NOW COMBINING OUR STRONG HERITAGE WITH AN INNOVATIVE, HIGH CONVICTION 'ALLIANCE OF BEST IDEAS' INVESTMENT PROPOSITION. THE FOUNDATIONS ARE FIRMLY IN PLACE FOR THE TRUST TO DELIVER STRONG AND SUSTAINABLE PERFORMANCE AS WE CONTINUE TO INVEST FOR GENERATIONS.''
Lord Smith of Kelvin, ChairmanDownload 2017 annual report