ALW

Alliance Witan PLC

Financial Services First-pass screen £4.8bn

400/1000 Overall fit

AI beneficiary 35% 28

Operating leverage 25% 32

Valuation 25% 53

Downside protection 15% 58

First-pass take

Alliance Witan is a closed-ended investment trust, not an AI-beneficiary itself. Portfolio holds selective AI-exposed names (Microsoft 4.4%, NVIDIA 1.1%, Taiwan Semi 1.9%) but is deliberately underweight vs. benchmark due to valuation concerns. Fund structure admits minimal operating leverage. 2025 NAV returned 4.7% vs. MSCI ACWI +13.9%.

Flags

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