Investing sustainably is a strong theme within the fund, but the manager, Willis Towers Watson, seeks to blend managers with different styles so that the trust is not beholden to any particular fashion in markets.
While the new approach has outperformed the trust’s benchmark (the MSCI All Countries World Index in sterling) since the strategy change, ATST has not matched its benchmark over 2020. We examine why on pages 15 and 16. The manager remains convinced that the approach will continue to deliver outperformance in the long run. In the meantime, the board is keen to maintain ATST’s 53-year track record of increasing dividends each year, and the trusts’ substantial revenue reserves can help support that ambition.
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