Company Announcements

Update from QuotedData

Source: RNS
RNS Number : 7850I
Temple Bar Investment Trust PLC
28 March 2024
 

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Temple Bar - Update from QuotedData

28th March 2024

Foundations for success

We are now more than three years into the tenure of Ian Lance and Nick Purves as managers of the Temple Bar Investment Trust. In that time, the Redwheel team has established a well-diversified portfolio of value-orientated holdings, positioned for what they believe is a long-overdue reversion to more normal market conditions, after a decade of exceptional economic policy and quantitative easing.

Slowing growth and stubborn inflation in the UK have weighed on returns over the past 12 months. However, the trust remains well ahead of both benchmark and peer group averages since the change in management, and the current negative sentiment surrounding UK markets has allowed Ian and Nick to pick up a number of market-leading companies at historically low multiples.

There remain challenges in the short term, particularly around the path of inflation; however, we believe the pragmatic value strategy implemented by the managers leaves the trust increasingly well positioned.

Full Research:

https://quoteddata.com/research/temple-bar-foundations-success-qd/

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