Interim Management Statement

RNS Number : 0519S

Pacific Horizon Investment Tst PLC

11 May 2009

 

PACIFIC HORIZON INVESTMENT TRUST PLC

Interim Management Statement - 3 months to 30 April 2009

Pacific Horizon's objective is to invest in the stockmarkets of the Asia-Pacific region (excluding Japan) and in the stockmarkets of the Indian Sub-continent in order to achieve capital growth. The Company is prepared to move freely between the markets of the region as opportunities for growth vary. The portfolio will normally consist entirely of quoted securities.

Review of the Period

	Over the period, the Company's net asset value per share rose by 21.4% compared to a rise in the comparative index of 20.7%. The share price rose by 23.6%.
	Top 10 Holdings: addition to Samsung Electronics. Other changes were due to market movements.

Geographical Analysis of Total Assets				Top Ten Holdings
Region	% of total assets at 30/04/09	% of total assets at 31/01/09		Name	% of total assets at 30/04/09	% of total assets at 31/01/09
Hong Kong and China	41.7	39.4		Samsung Electronics	5.0	3.6
Korea	13.2	11.8		Taiwan Semiconductor    Manufacturing	4.6	4.1
Taiwan	11.6	9.5		CNPC Hong Kong	4.3	3.1
Singapore	11.2	11.6		PT Telekomunikasi	2.9	2.7
Malaysia	6.7	8.3		Pacific Basin Shipping*	2.9	3.6
Thailand	4.6	4.2		ZTE	2.9	2.3
Indonesia	4.3	3.8		ASM Pacific Technology	2.8	2.5
India	2.6	2.7		Singapore Exchange	2.8	2.8
Philippines	1.3	1.5		Li & Fung	2.7	2.4
Vietnam	1.0	1.6		Parkson Holdings	2.6	2.5
Net Liquid Assets	1.8	5.6		Total	33.5	29.6
Total	100.0	100.0

*includes a holding in convertible bond

Capital Growth Performance

	%
	3 Months	1 Year	3 Years	5 Years
Share Price	23.6	(38.6)	(11.3)	72.9
NAV	21.4	(29.8)	(3.3)	73.8
Comparative Index	20.7	(19.9)	2.4	52.8

Source: Thomson Financial Datastream/Baillie Gifford & Co.; Comparative Index is MSCI All Country Far East ex Japan Index (in sterling terms).

Past performance is not a guide to future performance

General Information
	30/04/09	31/01/09
Equity shareholders' funds	£86.3m	£71.2m
Net asset value per share	110.29p	90.88p
Share Price	102.00p	82.50p
Discount	7.5%	9.2%

This interim management statement and up to date NAV and share price information is available on the Managers' website www.pacifichorizon.co.uk

For further information contact:-  Anzelm Cydzik on 0131 275 3276

 

END

 

 

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