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Trust Profile -  Pacific Assets Trust PLC (LSE:PAC)

104.25p     0.25p (0.24%)

FTSE Small Cap    Equity Investment InstrumentsMarket cap: £123.378m

Pacific Assets Trust PLC
Aim

To achieve long-term capital growth through investment in selected companies in the Asian Pacific Region, excluding Japan and Australasia.

Highlights
  • Offers investors a concentrated portfolio of Asia's leading growth companies
  • Asian export growth remains dependent on the global economic cycle, but of greater interest is the recent improvement in access to credit which is supporting the emergence of the Asian consumer.
  • Underleveraged corporate balance sheets in Asia reduces sensitivity to changes in interest rates, increases free cash flow generation and is increasingly attracting merger and acquisition activity.
  • Employs gearing selectively to enhance performance, predominantly in the top 10 core holdings.
Peergroup

Pacific Assets Trust is managed against a peergroup of similar investment companies investing in the Asia-Pacific region comprising of Henderson TR Pacific Investment Trust, INVESCO Asia Trust, Schroder Asia Pacific Fund, Fidelity Asian Values, Edinburgh Dragon Trust, Pacific Horizon Investment Trust and JPMorgan Asian Investment Trust.

Top ten equity holdings 31st October 2009
Hon Hai Precision 4.4%
Perusahaan Gas Negra 4.1%
Kasikornbank 3.7%
Shinhan Financial 3.7%
NHN Corporation 3.2%
Advanced Semiconductor 3.0%
Bank of China 3.0%
DBS Group 2.9%
China Mobile 2.9%
Sun Hung Kai Properties 2.9%
Total 33.8%


Savings plans available for investment: Other trusts managed by F&C:
F&C Investment Trust ISA
F&C Private Investor Plan
F&C Children's Investment Plan
F&C Child Trust Fund
Active Capital Trust
British Assets Trust
European Assets Trust N.V
F&C Capital and Income Investment Trust
F&C Commercial Property Trust
F&C Global Smaller Companies
F&C Managed Portfolio Trust
F&C Private Equity Trust
F&C UK Select Trust
F&C US Smaller Companies
Foreign & Colonial Eurotrust
Foreign & Colonial Investment Trust
Graphite Enterprise Trust
Investors Capital Trust
IRP Property Investments Limited
ISIS Property Trust
Pacific Assets Trust

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