Stability in trouble waters - An analyst's note

Why Alliance Trust provides stability in troubled waters 

More than five years after it refocused its global equity portfolio, Alliance Trust (ATST) has proven the merits of blending different expertise across different investment styles. Its manager, Willis Towers Watson, has been able to demonstrate the benefits of its balanced, multi-manager strategy. By eschewing style bets in favour of a focus on stock picking, ATST has been able to provide handy outperformance of the majority of its peers over 2022.

ATST has also implemented a new dividend policy, which has substantially enhanced its pay-outs. The trust now has a 2.4% yield, and the board aims to extend its 55-year track record of increasing the dividend every year.