Overview
Pacific Assets has an investment objective of achieving long-term capital growth through investment in selected companies in the Asia Pacific region and the Indian sub-continent, excluding Japan, Australia and New Zealand (the ‘Asia Pacific Region’). Up to a maximum of 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 including Japan, Australia and New Zealand, but whose economic activities are predominantly within the Asia Pacific Region.
Pacific Assets invests in companies which the manager believes will be able to generate long term growth for shareholders. The manager’s investment approach requires that all investments are sustainable. This does not mean ‘green’, ‘ethical’ or ‘clean-tech’, but rather that companies have strong management and a robust business model in terms of earnings, corporate governance and codes of conduct. They are not seeking to promote uneconomic investment in socially acceptable propositions. Instead, they believe that companies which have carefully considered the sustainability of their business models are more likely to provide superior long-term returns for shareholders.
Fundamentals
Price
Research History
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12 Nov 2020 6 min read
QuotedData’s Economic Roundup – November 2020
Economic and Political Monthly Roundup Kindly sponsored by Allianz A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or […]
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07 May 2020 6 min read
QuotedData’s Economic Roundup – May 2020
Economic & Political Roundup Kindly sponsored by Allianz A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell […]
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24 Jan 2020 28 min read
QuotedData’s Investment Companies Annual Review – 2019
In this issue The sector at the end of 2019 Performance data Performance by sector and fund Money in and out of the sector Money in and out of existing funds Money coming into existing funds Money going out of existing funds Liquidations, de-listings and trading cancellations Significant rating changes Major news stories Outlook for […]
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12 Nov 2019 1 min read
QuotedData’s economic roundup – November 2019
Economic & Political Roundup
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08 May 2019 6 min read
QuotedData’s economic roundup – May 2019
Economic & Political Roundup A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell any of the […]
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19 Dec 2018 1 min read
QuotedData’s investment companies roundup – December 2018
QuotedData’s investment companies roundup – December 2018 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of November 2018. Kindly sponsored by Baillie Gifford. Extract from ‘winners and losers’ The Californian wildfires took their toll on CatCo Reinsurance as it […]
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13 Nov 2018 2 min read
QuotedData’s economic roundup – November 2018
QuotedData’s economic roundup – November 2018 is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell any […]
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11 May 2018 2 min read
QuotedData’s Economic round up – May 2018
QuotedData’s economic round up – May 2018 is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or […]
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18 Apr 2018 2 min read
QuotedData’s Economic round up – April 2018
QuotedData’s economic round up – April 2018 is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell […]
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25 Jan 2018 2 min read
JPMorgan Multi-Asset Trust – Long-term return objective of 6% per annum
JPMorgan Multi-Asset Trust – Long-term return objective of 6% per annum JPMorgan Multi-Asset Trust (MATE) is a new investment company that will invest across a range of different asset classes. It will aim to achieve a total return of 6% per annum, over the long term, through a combination of income and capital growth. It […]
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2 min read
JPMorgan Multi-Asset Trust – Long-term return objective of 6% per annum
JPMorgan Multi-Asset Trust – Long-term return objective of 6% per annum JPMorgan Multi-Asset Trust (MATE) is a new investment company that will invest across a range of different asset classes. It will aim to achieve a total return of 6% per annum, over the long term, through a combination of income and capital growth. It […]
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18 Jan 2018 2 min read
QuotedData – 2017 review of the year
QuotedData – 2017 review of the year – Many commentators, including us, were wary going into 2017. In the event, economic growth and markets surprised on the upside: US markets hit new highs despite three interest rate rises. Perceived low/no growth areas such as Europe and Japan burst into life. Asia’s technology stocks surged. India’s […]
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10 Nov 2017 2 min read
QuotedData’s economic round up – November 2017
QuotedData’s economic round up – November 2017 – is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or […]
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16 May 2017 2 min read
QuotedData investment companies roundup – May 2017
QuotedData investment companies roundup: Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of April 2017. Kindly sponsored by Baillie Gifford. Money in: The only new launch in April was EJF Investments, a £69m fund trying to take advantage of […]
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1 min read
QuotedData’s economic round up – May 2017
QuotedData’s economic round up – May 2017 is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell […]
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13 Oct 2016 1 min read
QuotedData’s round up of views on the global economy – October 2016
QuotedData’s collation of recent insights on markets and economies taken from comments made by chairman and managers of investment companies. october-economic-and-political-roundup
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10 Oct 2016 2 min read
Pacific Horizon – Brave new world
Marten & Co published an update on the company entitled Pacific Horizon – Brave new world The company’s performance has started to improve over the past few months, yet Baillie Gifford’s Ewan Markson-Brown and Roderick Snell, thinks that there is still considerable potential for the portfolio. He believes that some of the themes that he […]
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1 min read
Pacific Horizon – Brave new world
Pacific Horizon’s (PHI)’s performance has started to improve over the past few months, yet the manager thinks that there is still considerable potential for the portfolio. He believes that some of the themes that he is focusing on could radically alter all our lives and that many Asian companies will be at the forefront of […]
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09 Aug 2016 1 min read
Edinburgh Dragon – Returning to form
Edinburgh Dragon Trust (EFM) is the largest and one of the most liquid investment companies focused on the Asia ex Japan region. Its strong focus on quality has served it well over the long term. EFM’s manager says that an environment of very low interest rates has distorted markets, with the result that EFM’s focus […]
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21 Mar 2016 2 min read
Pacific Horizon – investor in Asian growth
Pacific Horizon – investor in Asian growth Marten and Co publishes its first initiation of coverage note on Pacific Horizon (PHI) The company 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 […]
News
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01 Oct 2019 4 min read
Pacific Assets shares return +12.3% over H1
Pacific Assets shares return +12.3% over H1 – Pacific Assets (PAC) has announced results covering the six-month period to 31 July 2019.. NAV total returns amounted to +10.5% over the period, which the company framed by comparing to an annualised return of +12.2% over the last five years, and of +11.9% over the nine-year period. The […]
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03 Apr 2019 2 min read
Pacific Assets outperforms benchmark in a turbulent 2018
Pacific Assets outperforms benchmark in a turbulent 2018 – Pacific Assets Trust has announced its results for the year ended 31 January 2019. The trust was able to outperform the MSCI All Country Asia ex Japan Index. NAV total return was +4.7%, with the benchmark returning -7.7%. NAV total return was down 8.1% from the year […]
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03 Apr 2018 2 min read
Bias towards transparent companies behind Pacific Assets’ underperformance
Bias towards transparent companies behind Pacific Assets’ underperformance – Pacific Assets Trust (PAC) delivered an NAV per share total return of +12.8% in the year to 31 January 2018. It lagged the Benchmark MSCI All Country Asia ex Japan Index’s return of +27.0%. The average share price discount to the NAV per share during the year was 2.4% which […]
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05 Apr 2017 2 min read
Pacific Assets seeks to broaden mandate
After a year where the fund lagged its benchmark by some distance, Pacific Assets is seeking to broaden its mandate. The net asset value per share total return was +27.0% over the year ended 31 January 2017. By comparison, the benchmark, the MSCI All Country Asia ex Japan Index measured on a comparable basis, rose […]
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29 Sep 2016 1 min read
Pacific Assets underperforms in first half
Over the six months ended 31 July, Pacific Assets’ net asset value per share total return was +21.0%. The Asia Pacific benchmark rose by 23.9%. The largest contributions to performance came from Marico, TSMC, Chroma Ate, Ayala Corp and Airtac International – between them adding 6.8% to the NAV. The largest detractors were MTR, Bata […]
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03 Apr 2016 2 min read
Pacific Assets outperforms falling market
Pacific Assets say that, during the year ended 31 January 2016, the company’s net asset value per share total return was -6.6%. For comparison, the MSCI All Country Asia ex Japan Index, measured on a total return, sterling adjusted basis, fell by 13.1%. A narrowing of the discount of the company’s share price to its net […]
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24 Sep 2015 1 min read
Pacific Assets tops the performance tables
Pacific Assets’ interim results for the six months ended 31 July 2015 show the total return on net assets was -3.9% which was better than the -7.1% return posted by The MSCI AC Asia ex Japan Index for the period and the best performing fund in its peer group. Shareholders will be pleased that the share […]
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30 Mar 2015 2 min read
Pacific Assets reports on profitable 2014
Final results for Pacific Assets were released on Friday. Over the year to the end of January 2015 the fund generated a return on net assets of 32.6% and a return to shareholders of 37% both well ahead of the 24.1% return on the MSCI All Country Asia ex Japan Index. The dividend was maintained […]
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29 Jan 2015 1 min read
Pacific Assets changes fee arrangements
The Board of Pacific Assets Trust has announced that, with effect from 1 February 2015, the management fee will be changed to 0.9% of net assets and there will no longer be a performance fee. Previously the fee was 0.75% plus a 12.5% performance fee of 12.5% on outperformance of MSCI All Country Asia ex Japan Index plus a hurdle of 1.75% over a […]
In The Press
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16 Nov 2020 2 min read
Engines of growth: Investment trusts for responsible investing
Engines of growth: Investment trusts for responsible investing By Mary McDougall, Investors Chronicle, 12 November 2020 Appetite for investment products with strong environmental, social and governance (ESG) credentials has boomed this year as the pandemic has put the need for a sustainable world under the spotlight. Enthusiasm has been helped by sustainable funds broadly outperforming their conventional peers […]
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28 Jan 2020 2 min read
Investment Trust sackings deliver mixed results
Investment Trust sackings deliver mixed results By Kyle Caldwell, Money Observer’s quarterly trust magazine Kyle Caldwell analyses whether investment trust sackings stretching back over the past 15 years have resulted in improved performance for shareholders James Carthew is quoted in an article looking at changes in investment trust manager (including mergers) which have been on […]
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14 May 2019 2 min read
Investment trust insider on India
Investment trust insider on India – James Carthew: ignore India’s polls and pick a stock picker India is going to the polls and results from the general election will be declared on 23 May. It looks as though the National Democratic Alliance, the coalition of the BJP (Bharatiya Janata Party) and various regional parties, will be […]
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07 Feb 2019 1 min read
Investment Trust Insider on the past decade
Investment Trust Insider on the past decade – James Carthew: the constant evolution of investment trusts A decade ago, when we were emerging from the global financial crisis, I was managing Advance UK Trust and Citywire was just 10 years old. All of this seems like a long time ago now. Recently, I found a Winterflood […]
