Witan Investment ups NAV return

Witan Investment Trust, which hit a 52-week low earlier this month, said its performance outstripped its benchmark in the first half of 2011. The company’s net asset value (NAV) total return rose by 3.6 per cent. The investment trust said that eight of its 12 external fund managers in place at the end of 2010 beat their respective benchmarks during the period. Those which underperformed for the half year saw improved performance in the second quarter.