investorscraft@gmail.com

Stock Analysis & ValuationMid Wynd International Investment Trust plc (MWY.L)

Professional Stock Screener
Previous Close
£762.00
Sector Valuation Confidence Level
High
Valuation methodValue, £Upside, %
Artificial intelligence (AI)348.16-54
Intrinsic value (DCF)304.78-60
Graham-Dodd Method3.38-100
Graham Formula52.18-93

Strategic Investment Analysis

Company Overview

Mid Wynd International Investment Trust plc (MWY.L) is a UK-based closed-ended equity mutual fund managed by Artemis Fund Managers Limited. Established in 1981, the trust invests globally across diversified sectors and market capitalizations, primarily focusing on growth stocks. Benchmarking against the FTSE World Index, Mid Wynd offers investors exposure to a broad range of international equities, aiming for long-term capital appreciation. As part of the Financial Services sector, it provides a diversified investment vehicle for those seeking global equity exposure without direct stock-picking. With a market cap of approximately £308 million, the trust is listed on the London Stock Exchange (LSE) and appeals to investors looking for professionally managed international equity portfolios. Its strategy emphasizes growth-oriented companies, making it relevant in today's dynamic global markets.

Investment Summary

Mid Wynd International Investment Trust presents a compelling option for investors seeking diversified global equity exposure through a closed-end fund structure. With a beta of 0.521, it demonstrates lower volatility compared to broader markets, potentially appealing to risk-conscious investors. The trust's focus on growth stocks aligns with long-term capital appreciation strategies, though this may entail higher valuation risks in volatile markets. Financials show solid net income of £52.07 million and a dividend yield supported by an 8p per share payout. However, as a closed-end fund, its performance is subject to discount/premium to NAV fluctuations. The absence of debt and healthy cash position (£5.74 million) provide financial stability. Investors should weigh its global growth mandate against sector concentration risks and management fees inherent in actively managed trusts.

Competitive Analysis

Mid Wynd International Investment Trust competes in the crowded global equity investment trust space, differentiating itself through its pure growth stock focus and global sector diversification. Its competitive advantage lies in Artemis's active management approach, seeking to identify high-growth companies worldwide ahead of broader market recognition. The trust's long track record (since 1981) provides institutional credibility, while its compact size (~£308m AUM) allows for nimble positioning compared to larger global peers. Performance benchmarking against the FTSE World Index (rather than narrower regional indices) signals a truly global mandate. However, its closed-end structure may be less liquid than open-ended alternatives, and its growth bias could underperform in value-driven markets. The trust's zero-debt position and income generation (via dividends) provide stability, but fee structures and potential discounts to NAV remain competitive considerations versus passive global equity ETFs.

Major Competitors

  • Scottish Mortgage Investment Trust PLC (SMT.L): Scottish Mortgage is a much larger (£11.6bn AUM) global growth-focused investment trust with heavier technology exposure. Its scale provides cost advantages but reduces flexibility. Known for early bets on companies like Tesla and Amazon, it takes more concentrated positions than Mid Wynd but has higher volatility. Recent performance suffered from growth stock selloffs, highlighting sector risks shared with MWY.
  • F&C Investment Trust plc (FCIT.L): As the UK's oldest investment trust (£5.1bn AUM), FCIT offers more balanced global exposure with both growth and value holdings. Its broader mandate and larger size provide stability but potentially lower growth upside compared to MWY's focused approach. FCIT's long-term dividend growth may appeal more to income-focused investors.
  • Alliance Trust PLC (ATST.L): This £3.5bn AUM trust employs a multi-manager approach across global equities, offering diversification across investment styles. While less growth-focused than MWY, its structure reduces key-person risk. Competitive fees and strong ESG integration differentiate it, though potentially at the cost of growth stock alpha generation that MWY targets.
  • WTAN.L (Witan Investment Trust plc): Witan (£1.7bn AUM) combines internal management with external specialist managers for global equity exposure. Its 'multi-manager' approach provides style diversification but may result in higher fees than MWY's single-manager structure. Witan's value tilt in recent years contrasts with MWY's growth focus, leading to different market cycle performances.
  • JPMorgan Global Growth & Income plc (JGGI.L): This £700m AUM trust similarly targets global growth equities but with stricter income requirements (4% annual dividend target). JGGI's systematic options overlay strategy differentiates its risk profile. While both target growth, JGGI's income focus may appeal to a different investor segment than MWY's capital growth emphasis.
HomeMenuAccount