Last checked at 14 Feb 2024 11:27
Edinburgh Worldwide - Update from QuotedData
14th February 2024
"The opportunity is an exciting as ever"
As the rate of inflation continues to fall (barring a small bounce in the UK in December 2023) interest rates look likely to fall. Growth stocks, which tend to suffer disproportionately when interest rates rise, have been recovering and Edinburgh Worldwide (EWI), the most growth-focused of the global smaller companies trusts (see pages 23 and 24) has seen a pickup in its relative performance.
Within the portfolio, valuations are relatively low, and history suggests that we are only at the beginning of what could be a significant period of outperformance.
EWI shareholders could benefit further as this should trigger a narrowing of EWI's own wider than average discount to net asset value (NAV) (see page 28). At the same time, EWI's managers say that the portfolio remains operationally resilient, technological transformation is continuing, and "the opportunity is as exciting as ever". Reflecting this, team members have been adding to their EWI shareholdings.
Full Research:
https://quoteddata.com/research/edinburgh-worldwide-opportunity-exciting-qd/
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