QuotedData Retail - Pacific Horizon Investment Trust PLC (PHI) Pause for breath?

Report

QuotedData Retail

James Carthew

Pause for breath?

After two years of strong performance, Pacific Horizon (PHI) has suffered a reversal of fortune over the last three months. Sentiment swung against both China and the technology sector (both significant portfolio weights for PHI), with savage share price falls in some areas. However, it is possible that this reversal of fortune may prove to be short-lived, if China and the US can agree a trade deal. PHI’s strong focus on fast growing companies means that it is clearly differentiated from its peer group (no other fund has as much invested in the technology sector, for example). The trust’s manager acknowledges the concerns that gave rise to the market correction but his belief in the long-term potential of PHI’s portfolio is undimmed.

08/11/2018 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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Pause for breath?

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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