Report

Investor in Asian growth

”‹Pacific Horizon (PHI) is unashamedly a growth fund and its Asia-focused portfolio has significant overweight exposures to technology and biotechnology. However, it would appear that, investors are shying away from Asia because of weak Chinese growth and are seeking safety in defensive stocks for the same reason. Perhaps it is not surprising that PHI has under-performed both its comparative index and its peer group, and its discount has widened. PHI is a fund that may be out of fashion but could perform well in an environment where investors are less risk averse.

The manager believes that PHI is invested in some of the most dynamic and exciting companies in Asia and beyond. He thinks many of us underestimate the pace of technological change, the potential for this to transform many established business models and the potential for Asian companies to create their own intellectual property.

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.

Provider
QuotedData Retail
QuotedData Retail

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