Review: Asian specialist with differentiated approach
Pacific Assets Trust (PAC) is a specialist Asia ex-Japan investment trust with a differentiated investment process, seeking to invest in companies that contribute to, or benefit from, the sustainable development of the Asian region. It has recently passed its fifth anniversary under its current manager, and has outperformed the MSCI AC Asia ex-Japan index in the past four discrete years in terms of both share price and NAV total return. The trust has low exposure to China, does not use gearing and has a net cash weighting of c 11%, which could mitigate near-term volatility. Moreover, the manager is looking for opportunities to reinvest cash in favoured stocks on any significant market pullback.Pacific Assets Trust plc is a United Kingdom-based investment trust. The Company's investment objective is to achieve long-term capital growth through investment in selected companies in the Asia Pacific region and the Indian sub-continent, but excluding Japan, Australia and New Zealand (the Asia Pacific Region). Approximately 20% of the Company's total assets (at the time of investment) may be invested in companies incorporated and/or listed outside the Asia Pacific Region, (as defined above) but whose economic activities are predominantly within the Asia Pacific Region. It invests principally in listed equities although it is able to invest in other securities, including preference shares, debt instruments, convertible securities and warrants. In addition, the Company may invest in open and closed-ended investment funds and companies. It invests in various sectors, including financials, healthcare and industrials. Stewart Investors serves as the Company's investment manager.
Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.
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