skip to content

Interim Results

Pacific Horizon's NAV falls 6.1%

04 March 2016 11:42

Pacific Horizon's net asset value per share fell 6.1% to 185.64p in the six months to 31 January 2016.

Meanwhile, the share price fell 11.9% and the discount widened from 8.2% to 13.8%.

Over the same period the MSCI All Country Asia ex Japan Index fell 7.4% in sterling terms.

The Company said:

"Despite the poor absolute returns, relative performance was positive due to the strong showing of a number of the Company's large China internet stocks, following inclusion in the MSCI index, and a reversal in the previous strong performance of Chinese financials, which were not held in the portfolio. Many of our highest conviction holdings outperformed the comparative index by a healthy margin; for example NAVER and CJ E&M in Korea returned 29.4% and 34.0% respectively during the period."

At 11:42am: (LON:PHI) Pacific Horizon Investment Trust Plc share price was +0.5p at 163.5p

Story provided by StockMarketWire.com

Related Company: PHI

Info Point:

To buy or sell shares call our Dealing Room on 0113 243 6941.

Too much jargon? Our glossary will help make sense of things.

Find out more about our Share Dealing Services.

Client Area Access

» Secure Login

» Not registered yet?

Bluezest Aviva Aberdeen

Branch Finder

Redmayne-Bentley have High Street branches throughout the UK. Find your nearest branch.