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Edison issues review on Witan Pacific I.T.

2 Nov 2018 14:32

RNS Number : 2123G
Witan Pacific Investment Trust PLC
02 November 2018
 

 

London, UK, 2 November 2018

Edison issues review on Witan Pacific Investment Trust (WPC)

Witan Pacific Investment Trust (WPC) offers investors broad exposure to Asian equities, including Japan. While global equities, and emerging markets in particular, have sold off in recent months, the trust's managers consider that this has created an attractive buying opportunity, and they remain very constructive on the outlook for WPC's holdings. They believe that there is a disconnect between Asian equity prices and corporate earnings, which continue to grow at a healthy pace. The managers are finding what they consider to be exciting investment opportunities in the region, including in Japan and China, where its stock market has suffered disproportionately due to concerns about global trade as a result of the US's 'America First' policy.

 

WPC's shares are currently trading at a 15.1% discount to cum-income NAV, which is towards the wide end of the 7.3% to 18.4% range over the last five years. The board buys back shares when they are trading at a substantial and anomalous discount; the rate of share repurchases has increased in recent months. WPC has a progressive dividend policy, its annual distribution has increased for the last 13 consecutive years, and the trust currently offers a yield of 1.9%.

Click here to view the full report.

 

All reports published by Edison are available to download free of charge from its website

www.edisoninvestmentresearch.com

About Edison: Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world-renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisers and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

Edison is authorised and regulated by the Financial Conduct Authority.

Edison is not an adviser or broker-dealer and does not provide investment advice. Edison's reports are not solicitations to buy or sell any securities.

For more information please contact Edison:

Mel Jenner, +44 (0)20 3077 5720

Gavin Wood, +44 (0)20 3681 2503

investmenttrusts@edisongroup.com

 

Learn more at www.edisongroup.com and connect with Edison on:

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