Edinburgh Worldwide Inv Trust PLC Annual overview from QuotedData
16 Maio 2023 - 1:11PM
RNS Non-Regulatory
TIDMEWI
Edinburgh Worldwide Inv Trust PLC
16 May 2023
Edinburgh Worldwide - Annual overview from QuotedData
16(th) May 2023
The output of innovation is alive and well
As interest rates have risen in response to rising inflation,
Edinburgh Worldwide (EWI) - with its focus on small cap global
growth stocks - has given up a significant portion of its previous
outperformance (see page 17). The trust finds itself in a somewhat
unusual position in that it has moved to a significant discount to
NAV, about a 20% discount versus a five-year average of 2.5%. This
comes at a time when global small cap stocks are trading at a
modest discount to global equities, rather than their usual
significant premium (see page 6).
While acknowledging that there may be some volatility ahead, we
think this could be a particularly attractive entry point for a
longer-term investor who is prepared to look through the short-term
market noise. Ultimately, EWI is backing companies that its
managers believe are disrupting industries to become leaders in
their fields, unlocking significant value in the process. Its
managers expect these portfolio companies to prosper irrespective
of where we are in the economic cycle, and its discussions with
company management tell it that "The output of innovation is alive
and well".
Full Research:
https://quoteddata.com/research/edinburgh-worldwide-output-innovation-alive-qd/
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