Kepler Trust Intelligence Research Note - June 2026

Alliance Witan offers plenty of latent value that the market has yet to realise

In this latest Kepler research note, the analysts outline Alliance Witan’s diversified global equity exposure, recent shifts in manager allocations, and the trust’s balanced positioning across both AI related opportunities and attractively valued defensive sectors. They also highlight the Trusts 59 year record of dividend growth and its current c. 5% discount, providing useful context for investors assessing the trust.

In addition, the note reports the investment committee’s view that the portfolio offers significant latent value, supported by stronger quality metrics and lower valuations than the MSCI ACWI, alongside a modest rise in gearing to offset lower beta.