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Witan has chosen three teams, all with proven local expertise ,driving value with a flexible remit in this fast growing region. They are competing with each other and are closely monitored, hence the results are beginning to show . Despite this, the market still discounts the share at over 12%- not for long one would suspect
Try ALAI 65% Mexico 35%
Tempus in the Times thinks Witan Pacific Investment Trust has acted ruthlessly in sacking one of its fund managers, Nomura. New mandates have been given to the US firm Matthews International and to the Hong Kong-based Marshall Wace GaveKal, with Aberdeen Asset Management retained. The net effect will be "ballsier" bets says Tempus, with more maneuverability in the face of an equities slump and less exposure to Japan. But Witan Pacific still trades at an 18% discount to net assets. This is not a buy, and Tempus warns investors to keep an eye out for further falls.
Sold my holding as Japan weakens and China looks toppy. Bought MCRO, on the dip, but that's still falling faster than WPC! Brazil looks good for me, but still looking for the best way in?
Breaking News: Japan's economy surged in the first three months of the year, marking the fourth straight quarter of expansion as the country's export-driven recovery gathers pace. Gross domestic product accelerated by an annualised 4.9 percent in the January-March period, the fastest pace of growth since the second quarter of 2009 The economy grew 1.2 percent compared with the fourth quarter of last year, which saw revised growth of 1.0 percent, slightly higher than an earlier estimate of 0.9 percent. Exports, particularly to emerging Asian markets such as China, are driving what the International Monetary Fund has called Japan's "tentative" recovery from recession, encouraging companies to increase capital spending.
This fund is a performer at a discount to its peers. An excellent way into the growth engine of the world at a bargain price- while it lasts
this multi managed fund consistently outperforms its benchmark and has the lowest expense ratio of its peers, at 1.3%. Aberdeen and Numura share asset management and play to their strengths to spot opportunities and reduce volatility. This makes it an ideal low risk introduction into Asia and is the best performing fund in my ISA.
This investment trust invests in Asian stock markets, with 30% currently in Japan, 10% Australia, 9% Hongkong, 9% Singapore and 8% China. Low gearing and NAV 225p. Strong performance so far this year, with more to come, IMO, as this geographic region is less troubled by the downturn and Japan reported 45% increase in its exports. The discount to NAV will narrow as more people buy into this sound prospect. Always DYOR http://www.witanpacific.com/sites/default/files/literature/Pacific_Jan2010.pdf