Lowland Investment Co PLC Edison update on Lowland Investment Company (LWI)
22 June 2022 - 4:00PM
RNS Non-Regulatory
TIDMLWI
Lowland Investment Co PLC
22 June 2022
London, UK, 22 June 2022
Edison issues update on Lowland Investment Company (LWI)
During the first half of the financial year to the end of March
2022, Lowland Investment Company (LWI) lagged a modestly rising
market due to its high weighting in mid- and smaller-capitalised UK
companies. These companies found themselves out of favour with
investors in a risk-off environment, fuelled by the war in Ukraine,
rampant inflation, rising interest rates and slowing economic
growth. For all of this, earnings per share for the period was
1.72p, some 34% higher than in this period last year but still
below the pre-COVID-19 pandemic level of 2.22p. After a very strong
outperformance in 2021, subsequent returns might be expected to
consolidate, but the managers feel the portfolio is well positioned
to make further gains in income and capital over the coming
years.
LWI provides investors with a multi-cap portfolio of
predominantly UK dividend-paying companies. It is diversified by
holdings but is not quasi passive, with substantial sector and
stock positions taken resulting in high levels of tracking error
and volatility. Balanced with other strategies, it could provide
welcome diversification benefits to a portfolio. Fund managers
Henderson and Foll are a well-established team applying a proven
mildly contrarian investment process across the whole gamut of UK
equities.
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