Pacific Assets Trust is a UK-based investment trust that invests in the selected companies across the Asia-Pacific region and the Indian Subcontinents, excluding New Zealand, Japan and Australia, with the objective to achieve long-term capital growth. The trust portfolio is diversified across wide range of sector such as Consumer Staple, Financials, Information Technology, Healthcare, Consumer Discretionary, Industrial, Materials, Utilities and Real Estate. Its shares are traded on the London Stock Exchange as LON: PAC.
The trust can invest maximum of 20% of its total assets in companies incorporated and /or quoted outside the Asia Pacific region and with the motive to grow for the long term, minimum of 25% of its economic activities to be invested within the Asia Pacific region, at the time of investment. Its investment is focused in the listed equities but it may invest in other securities such as debt instrument, warrants, preference shares and convertible securities. Further it may invest in the open and closed ended investment funds and companies.
Since 1 July 2010, the trust’s board has appointed Steward Investors as its investment manager, which was established in Edinburgh in1873. The investment manager uses sustainable investment strategy to select potential companies with strong management, well-positioned and sound long term growth prospects and which can contribute to the sustainable development of the Asia Pacific Region, for its portfolio. Further, it strives to integrate the environmental, social and governance (ESG) consideration into its every investment decision. The investment philosophy of the investment managers are to make investment decision with a minimum five year time horizon, have an absolute return motive rather than deflating from any benchmark index, focus on potential downside of investment decision, identify long-term sustainable development risk for managing risk and they are not obliged to invest any company or country if they have particular sustainability concerns.
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