Source - LSE Non-Regulatory
RNS Number : 9432D
Temple Bar Investment Trust PLC
26 June 2023

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Temple Bar Investment Trust - Update from QuotedData

26th June 2023

True Colours

We are quickly approaching year three of Temple Bar's rehabilitation under the new management of Redwheel, who took over the fund in November 2020. While sticking to its value-seeking roots, managers Ian Lance and Nick Purves favour a more balanced approach than the deep value model employed by the fund's previous manager, which had been a drag on performance through the growth dominated decade that followed the global financial crisis (GFC).

So far, the change has paid off handsomely, with the shares up 76% since the handover, 35 percentage points ahead of the benchmark UK index. Although it might be disingenuous to attribute the recent outperformance purely to the change in management, considering the dramatic swings we have seen in equity markets since the pandemic, the team certainly appears to have established a foundation for ongoing success.

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NB: Marten & Co was paid to produce this note on Temple Bar Investment Trust Plc and it is for information purposes only. It is not intended to encourage the reader to deal in the security or securities mentioned in this report. Please read the important information at the back of this note. QuotedData is a trading name of Marten & Co Limited which is authorised and regulated by the Financial Conduct Authority. Marten & Co is not permitted to provide investment advice to individual investors categorised as Retail Clients under the rules of the Financial Conduct Authority.

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Temple Bar Investment Trust PLC (TMPL)

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