Company Announcements

Temple Bar Investment Trust - Update from QuotedData

26^th June 2023

True Colours

We are quickly approaching year three of Temple Bar's rehabilitation under the new management of Redwheel, who took over the fund in November 2020. While sticking to its value-seeking roots, managers Ian Lance and Nick Purves favour a more balanced approach than the deep value model employed by the fund's previous manager, which had been a drag on performance through the growth dominated decade that followed the global financial crisis (GFC).

So far, the change has paid off handsomely, with the shares up 76% since the handover, 35 percentage points ahead of the benchmark UK index. Although it might be disingenuous to attribute the recent outperformance purely to the change in management, considering the dramatic swings we have seen in equity markets since the pandemic, the team certainly appears to have established a foundation for ongoing success.

Full Research:

https://quoteddata.com/research/temple-bar-true-colours-qd/

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