12 Dec 2016 17:25
EQS-News: Edison Investment Research Limited / Key word(s): ForecastEdison Investment Research Limited: Edison issues review on witan pacificinvestment trust (WPC) 12-Dec-2016 / 18:25 GMT/BST --------------------------------------------------------------------------- London, UK, 12 December 2016 Edison issues review on Witan Pacific Investment Trust (WPC) Witan Pacific Investment Trust (WPC) offers broad exposure to Asian marketsincluding Japan and Australia, adopting a multi-manager approach whichtends to smooth the performance fluctuations of individual managers.Current managers Aberdeen, Matthews and Gavekal, all invest across theregion pursuing distinct, unconstrained strategies. Although weaker oversix months, NAV total returns have been largely consistent with the MSCI ACAsia Pacific Free index benchmark over three years and WPC has outperformedover 10 years. Fees are competitive versus peers, with the board aiming tocontain ongoing charges at 1% of net assets per annum. WPC aims to growannual dividends above the rate of UK inflation; the current dividend yieldis 1.7%. WPC's current 13.6% share price discount to cum-income NAV is narrower thanthe 14.4% average of the last 12 months, wider than the 13.2% three yearaverage and narrower than the averages of the last five and 10 years of13.8% and 14.9%, respectively. The board actively repurchases shares whenthey are trading at a substantial and anomalous discount to NAV. While awidening discount earlier in 2016 led to an acceleration in sharerepurchases, the discount has narrowed in recent months. Click here to view the full report. All reports published by Edison are available to download free of chargefrom its websitewww.edisoninvestmentresearch.com About Edison: Edison is an international equity research firm with a teamof over 70 analysts, investment and roadshow professionals and works withboth large and smaller capitalised companies, blue chip institutionalinvestors, wealth managers, private equity and corporate finance houses tosupport their capital markets activity. Edison provides services to morethan 420 retained corporate and investor clients from offices in London,New York, Frankfurt, Sydney and Wellington. Edison is authorised andregulated by the Financial Conduct Authority. Edison is not an adviser or broker-dealer and does not provide investmentadvice. Edison's reports are not solicitations to buy or sell anysecurities. Contact details: Learn more at www.edisongroup.com and connect with Edisonon: LinkedIn www.linkedin.com/company/edison-investment-researchTwitter www.twitter.com/Edison_Inv_ResYouTube www.youtube.com/edisonitv London New York New Zealand Sydney Frankfurt+44 (0)20 +1 646 653 +61 (0)2 +49 (0)69 78 80763077 5700 7026 Level 15 9258 1161 960 171280 High 245 Park Featherston Level 25 SchumannstrasseHolborn Avenue, Street Aurora Place 34b 39th Floor Wellington 88 PhilipLondon, 6011 Street 60325 FrankfurtWC1V 7EE New York, New Zealand NY 10167 +64 (0)4 Sydney NSW GermanyUnited US 8948555 2000Kingdom Australia --------------------------------------------------------------------------- Dissemination of a UK FINANCIAL NEWS, transmitted by EQS Group.The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- End of Announcement - EQS News Service 529121 12-Dec-2016corporate-announcement transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.