Pacific Assets Share Price (PAC)

For understandable reasons, much investor attention is now focused on China. Move outside that locale and there are many growth opportunities in Asia. Both Taiwan and India have increasingly close relationships with the US, as can be witnessed by their growing US Treasury bond purchases. At the same time, there seem to be efforts by multi-nationals to relocate their supply chains out of China and to other parts of Asia. So China is not the only investing game in town.

PAC has a focus on India with around a third of its assets in Indian stocks. Approximately 60% of its holdings are centred on India, Taiwan and Japan. It also heavily emphasises its ESG credentials. And goes as far as to insist that its managers sign its “Hippocratic Oath”. For some, that may not be a big deal but growing numbers of investors from family offices to foundations put ESG issues high on their list of priorities when investing.

With assets of around £400m, it’s still nimble and not anchored down by size or structure (It’s an investment trust with a closed-end, so liquidity is not a major issue). While its ongoing charges are a reasonable 1.19%. And it pays a modest dividend.

Just how PAC will perform in the longer-term is anyone’s guess. Aside from a dip earlier this year, mainly a result of a major fall in the Indian stock market, it has had a pretty solid five-year performance.

With the economic impacts of Brexit and COVID now starting to play out. And the UK Government’s coffers looking increasingly bare. Exposure to Asia, not just China, and what looks set to be the new economic focus may make a lot of sense. Even if only viewed as an insurance policy.

Petition aimed at addressing the woeful inadequacy of the system that reports trades as either buys or sells. Worth signing IMO. If interested you know what to do .and pass it on .thanks http://epetitions.direct.gov.uk/petitions/64712

Valuation: Discount above long-term averages The current discount is 10.2%. This is wider than its average for the past year of 8.7% and towards the bottom end of the range for the trust’s immediate peer group, but still some way off its widest point of the past 12 months of 13.9%.

http://www.edisoninvestmentresearch.co.uk/researchreports/PAC260612Initiation.pdf

may seem to start off bad but believe me Pacific Aseests are on the rise!