Last checked at 7 Dec 2023 13:11
Pacific Horizon - Annual overview from QuotedData
7th December 2023
Consistent growth and quality growth
Despite the significant headwinds that have faced both Asia and growth strategies during the last 12 months, Pacific Horizon's (PHI's) net asset value (NAV) has held up so that its long-term track record of outperformance versus peers (see pages 20 and 21) remains intact.
Its portfolio appears to continue to offer strong growth prospects, but it still appears to be cheap when compared to its history.
With signs that interest rates have peaked, particularly in the US, there is potential both for a rerating of its underlying holdings and a narrowing of its above long-term average discount. The managers have been adding to China to take advantage of what they believe is an extreme valuation opportunity.
Full Research:
https://quoteddata.com/research/pacific-horizon-consistent-growth-quality-bias-qd/
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