reports
Edison issues update on Baillie Gifford China Growth Trust (BGCG): Chi...
Edison Investment Research Limited Edison issues update on Baillie Gifford China Growth Trust (BGCG): China’s recovery well worth the wait 12-Dec-2023 / 09:20 GMT/BST The issuer is solely responsible for the content of this announcement. London, UK, 12 December 2023 Edison issues update on Baillie Gifford China Growth Trust (BGCG): China’s recovery well worth the wait Baillie Gifford China Growth Trust (BGCG) invests in China, focusing on innovative, rapidly growing companies best positioned to benefit from China’s still favourable long-term economic outlook and the struc...
- Pedro Fonseca
Baillie Gifford China Growth Trust - China’s recovery well worth the ...
Baillie Gifford China Growth Trust (BGCG) invests in China, focusing on innovative, rapidly growing companies best positioned to benefit from China’s still favourable long-term economic outlook and the structural trends that should drive equity markets for years to come. Key portfolio themes include e-commerce, food delivery, domestic brands, semiconductors, robotics and automation, and renewable energy. The trust’s relaunch in September 2020 coincided with a series of challenges for the Chinese...
- Pedro Fonseca
Baillie Gifford China Growth Trust - Finding big trendsetters amid ‘l...
Baillie Gifford China Growth Trust (BGCG) invests in China, aiming to capture current trendsetters and spot future potential market leaders, for a long-term time horizon (typically over five years). Despite negative newsflow about China over the last year and a half and the recent political changes, interpreted by the world investment community as the prevalence of ideology over economic principles, the investment manager, Baillie Gifford (BG), believes that the investment case stands firm. A gr...
- Pedro Fonseca
Baillie Gifford China Growth Trust - Year of a bull in motion
Baillie Gifford China Growth (BGCG) is a recent entrant to Ballie Gifford’s (BG) house philosophy of investing alongside current trendsetters and future large-scale potential winners. It emerged in September 2020 as BG took over management of the trust, changing the strategy from broader Asia Pacific equities to a mandate of pure Chinese equities (see our initiation note on BGCG). Despite negative newsflow on China over the past few months clouding last year’s euphoria around investing in Chines...
Edison Investment Research Limited: Baillie Gifford China Growth Trust...
Edison Investment Research Limited Edison Investment Research Limited: Baillie Gifford China Growth Trust (BGCG): China - we are only at the beginning 16-Oct-2020 / 09:05 GMT/BST London, UK, 15 October 2020 Baillie Gifford China Growth Trust (BGCG): China - we are only at the beginning The handover of Witan Pacific (WPC) to Baillie Gifford (BG) on 16 September 2020, following the board's decision and favourable shareholders' vote, marks the trust's transition to the new asset manager. BG won the mandate with its proposal to transform the Asia Pacific growth and income trust int...
- Pedro Fonseca
Witan Pacific Investment Trust - Better investment performance or retu...
Witan Pacific Investment Trust (WPC) offers broad exposure to the Asia Pacific region (including Japan), employing a multi-manager strategy. The board remains confident that the current line-up of four complementary managers is capable of good long-term outperformance; however, it has a contingency measure in place. If WPC does not outperform its benchmark in the two years ending 31 January 2021, investors will be given the opportunity to realise their holdings close to NAV, so either relative p...
- Mel Jenner
Witan Pacific Investment Trust - Commitment to improve performance
Witan Pacific Investment Trust (WPC) employs a multi-manager strategy, offering investors broad exposure to pan-Asian equities. The board recently announced a renewed commitment to improving the trust’s investment performance. If WPC’s NAV total return lags its benchmark over the period from 31 January 2019 to 31 January 2021, the board will put forward proposals that include a full cash exit at close to NAV. As a result, shareholders should enjoy NAV performance ahead of the benchmark or sh...
- Mel Jenner
Witan Pacific Investment Trust - Diversified exposure to pan-Asian equ...
Witan Pacific Investment Trust (WPC) offers investors broad exposure to Asian equities, including Japan. While global equities, and emerging markets in particular, have sold off in recent months, the trust’s managers consider that this has created an attractive buying opportunity, and they remain very constructive on the outlook for WPC’s holdings. They believe that there is a disconnect between Asian equity prices and corporate earnings, which continue to grow at a healthy pace. The manager...
- Mel Jenner
Witan Pacific Investment Trust - Board enthusiastic about revised mana...
Witan Pacific Investment Trust (WPC) has outperformed its MSCI AC Asia Pacific Free benchmark since adopting a multi-manager strategy at end-May 2005. However, following a period of relative weakness (particularly since mid-2016), the board has changed the external manager line-up (effective from end-September 2017). It is enthusiastic about the two new managers: Dalton Investments and Robeco Institutional Asset Management (and has continued confidence in incumbent managers Aberdeen and Matthews...
- Mel Jenner
Witan Pacific Investment Trust - Changes to the multi-manager line-up
Witan Pacific Investment Trust (WPC) employs an active multi-manager strategy, aiming to generate long-term growth in capital and income from a diversified portfolio of Asia Pacific equities, which includes Japan, Australia and India. Since adopting the multi-manager approach in 2005, WPC has outperformed its benchmark, the MSCI AC Asia Pacific Free index, in eight out of 12 financial years, but has lagged since mid-2016. The board changed the manager line-up from end-September 2017, dropping Ga...
- Mel Jenner
Witan Pacific Investment Trust - Changes to the multi-manager line-up
Witan Pacific Investment Trust (WPC) employs an active multi-manager strategy, aiming to generate long-term growth in capital and income from a diversified portfolio of Asia Pacific equities, which includes Japan, Australia and India. Since adopting the multi-manager approach in 2005, WPC has outperformed its benchmark, the MSCI AC Asia Pacific Free index, in eight out of 12 financial years, but has lagged since mid-2016. The board changed the manager line-up from end-September 2017, dropping Ga...
- Mel Jenner
Multi-manager Asia-Pacific/Japan investment
Witan Pacific Investment Trust (WPC) has a multi-manager approach, aiming to generate capital and income growth from a diversified portfolio of primarily Asian equities, including Japan and Australia. WPC currently has three external managers: Aberdeen, GaveKal and Matthews; they follow different investment strategies but are all unconstrained versus the benchmark (MSCI AC Asia Pacific Free Index). WPC has a competitive fee structure and aims to generate real growth in annual dividends; its curr...
Ford Equity International Rating and Forecast Report
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
Review: Long-term outperformance from multi-managers
Witan Pacific Investment Trust (WPC) is a well-established investment trust differentiated by its broad Asian exposure and multi-manager approach adopted in 2005.The three investment managers – Aberdeen, Matthews and Gavekal – employ different investment styles but all have a remit to invest in the Asia-Pacific region including Japan and Australia. WPC has outperformed its benchmark over the longer term and achieved its aim of growing annual dividends at a higher rate than UK inflation. Inve...
Update: Broad, managed Asian exposure
Witan Pacific Investment Trust (WPC) has followed a broad Asian multi-manager approach since 2005. It has outperformed its benchmark over this period and is now unique among Asia-Pacific investment trusts in retaining a mandate that includes Japan and Australia. Macro uncertainties have contributed to a market setback during the summer, but this may provide a more attractive entry point for investors in terms of market valuation and, for WPC, a wider than average discount.
Review: Pan-Asian multi-manager solution
Witan Pacific Investment Trust (WPC) aims to achieve long-term capital and real dividend growth primarily through equity investments in the Asia-Pacific region (including Japan and Australia). The regional index has lagged the world market over the last year, leaving the forward P/E multiple at an appealing level compared with both western markets and history. WPC offers a single fund solution for investors seeking exposure to the region given its broad geographical mandate and multi-manager app...
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