Annual overview from QuotedData

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/

This research is also available free on our website www.quoteddata.com where you will also find news, performance data and factsheets on every London listed Investment Company. QuotedData writes and distributes research on a number of quoted companies, facilitates meetings between those companies and existing and potential investors and assists in raising additional capital where required.

NB: Marten & Co was paid to produce this note on Edinburgh Worldwide Investment Trust Plc and it is for information purposes only. It is not intended to encourage the reader to deal in the security or securities mentioned in this report. Please read the important information at the back of this note. QuotedData is a trading name of Marten & Co Limited which is authorised and regulated by the Financial Conduct Authority. Marten & Co is not permitted to provide investment advice to individual investors categorised as Retail Clients under the rules of the Financial Conduct Authority.

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