QuotedData Retail - Pacific Horizon Investment Trust PLC (PHI) Top of the pops!

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QuotedData Retail

James Carthew

Top of the pops!

Pacific Horizon (PHI) has benefitted strongly as both the Asia ex Japan region and technology stocks, to which PHI has a significant exposure, have rallied. This has seen it move up the competitor peer-group rankings so that it is first and second, in terms of NAV total return, over one and three years respectively. PHI’s manager, Ewan Markson-Brown, believes that the rising wealth of the middle class in Asia is likely to be the big driver of global growth over the next 20 years but that financial markets do not fully appreciate this yet. He expects to see a trend in global capital moving away from the US dollar, towards emerging markets, especially Asia, and a reassessing of the growth in these domestic economies. He believes that, while capital flows to the region are very cyclical, and says that any risk-off period (when nervous investors prefer investments that they perceive to be safe) will provide good buying opportunities for new all-time highs.

30/10/2017 17 EN

Underlying

Pacific Horizon Investment Trust PLC

Pacific Horizon Investment Trust is an investment company. Co. invests in the Asia-Pacific region (excluding Japan) and in the Indian Sub-continent. Co. also invests in companies based in the region and in investment funds specializing in the region or particular countries or sectors within it even if they are listed elsewhere. The portfolio is actively managed and normally consists of quoted equity securities. Co. is also permitted to invest in other pooled vehicles (general, country and sector specific) that invest in the markets of the region. Co.'s Alternative Investment Fund Manager is Baillie Gifford & Co Limited. The valuation of the portfolio at Jul 31 2017 was £179.5 million.

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GB0006667470 London Stock Exchange United Kingdom

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QuotedData Retail

QuotedData you with provides access to research on Investment Companies, Investment Trusts and Mining companies. Our aim is to provide you all the information you might need to make your own investment decisions. We cannot offer you advice on your investments.

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Analysts

James Carthew

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Top of the pops!

Pacific Horizon

Pacific Horizon

Pacific Horizon – Convergence opportunity

Bluefield Solar Income Fund – Fundamentals shine despite discount

HydrogenOne Capital Growth – Momentum building despite discount

abrdn Private Equity Opportunities – On the way to greener pastures?

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