Witan Pacific Investment Trust PLC
25 May 2007
WITAN PACIFIC INVESTMENT TRUST PLC
Interim Management Statement for the Quarter ended 30 April 2007.
Investment Objective
The objective of Witan Pacific Investment Trust Plc ('the Company') is to
provide shareholders with a balanced portfolio of investments in the Asia
Pacific region designed to outperform the MSCI AC Asia Pacific Free Index (£).
The Company's assets are managed by Aberdeen Asset Managers Limited and Nomura
Asset Management U.K. Limited. Witan Investment Services Limited provides the
executive management.
Multi-Manager Structure
Managers % of Assets
Aberdeen Asset Managers Limited 50%
Nomura Asset Management U.K. Limited 50%
Company Information
Epic Code WPC
Sector Far East - Including Japan
Trust Type Conventional (Ords)
Launch Date 1907
Financial Year End 31 January
Next Dividend Payment June 2007
Last Ex Div Date 9 May 2007
AGM 13 June 2007
Company's Statistics
Gross Total Assets* £135 m
NAV per ordinary share* 182.13p
Share price* 165.00p
Premium/Discount* -9.4%
Gearing* 2.0%
Yield* 0.91%
Total Expense Ratio (TER) 0.9%
Geographic Breakdown*
Japan 39.0%
Australia 10.5%
South Korea 8.9%
Hong Kong 8.3%
Singapore 7.4%
India 6.3%
China 5.7%
Taiwan 5.0%
Other Countries 8.9%
Sector Allocation*
Financials 28.6%
Industrials 15.4%
Technology 10.5%
Consumer Goods 9.6%
Basic Materials 8.9%
Consumer Services 8.4%
Oil & Gas 3.6%
Telecommunications 3.2%
Miscellaneous 11.8%
Ten Largest Holdings as at 30 April 2007*
Aberdeen Global India Opps Fund 4.6%
Samsung Electronics 2.9%
Mitsubishi UFJ Financial 2.1%
Yamaha Motor Company 1.9%
Rio Tinto 1.9%
Rohm Company 1.8%
Canon 1.7%
China Mobile 1.7%
Nomura Funds Ireland India Fund 1.6%
United Overseas Bank 1.5%
*Source: BNP Paribas
Performance over 3 m 6 m 1yr 3 yrs 5 yrs 10 yrs
Share Price (Total Return) 2.17% 4.10% -3.06% 44.91% 60.91% 23.17%
Net Asset Value (Total Return)* 1.18% 5.20% -0.01% 44.48% 46.33% 11.23%
Index (Total Return) 2.42% 6.42% -1.02% 50.49% 55.91% 35.68%
All Performance Data Source: Datastream to 30.04.07. *The Net Asset Value
figures value debt at fair value. The benchmark for the Witan Pacific Investment
Trust PLC is the MSCI AC Asia Pacific Free Index (£).
Quarterly Portfolio Report as at 30 April 2007
Asian markets broadly recovered from their end-February sell off in March, with
Chinese stocks in particular staging a strong comeback amid expectations that
the authorities would increase the amount foreigners can invest. Australia also
did well, supported by increased liquidity and private equity demand, whilst
materials stocks were buoyed by strengthening commodity prices. Other markets
ending in positive territory were Singapore and Malaysia, the latter underpinned
by government efforts to lure foreign capital and enhance the country's
competitiveness. In contrast, Japan and Taiwan recorded small falls over the
past three months.
Material Events
There were no material events to report during the period.
Changes to Share Capital
Issued Ordinary shares of 25p each
As at 31 January 2007 72,890,323
Shares bought back and cancelled during the period 1,243,472
Shares remaining in issue as at 25 May 2007 71,646,851
Dividends
A final dividend of 1.50p per share for the year ended 31 January 2007 (2006:
1.33p) has been declared in April 2007 subject to shareholders' approval in the
next Annual General Meeting. This dividend is payable on 27 June 2007 to
shareholders on the register at the close of business on 11 May 2007.
AGM
The next Annual General Meeting of the Company will be held on Wednesday, 13
June 2007 at 12 pm in the Main Reception, Chartered Accountants' Hall, One
Moorgate Place, London EC2R 6EA.
A copy of this report is available on the Company's website at
www.witanpacific.com.
BNP Paribas Secretarial Services Limited
Tel: 0207 410 3132
25 MAY 2007
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
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