Update research from QuotedData

RNS Number : 9411G

Pacific Horizon Investment Tst PLC

09 November 2018

 

Pacific Horizon Investment Trust plc - Update research from QuotedData

9^th November 2018

Pause for breath?

After two years of strong performance, Pacific Horizon (PHI) has suffered a reversal of fortune over the last three months. Sentiment swung against both China and the technology sector (both significant portfolio weights for PHI), with savage share price falls in some areas. However, it is possible that this reversal of fortune may prove to be short-lived, if China and the US can agree a trade deal. PHI's strong focus on fast growing companies means that it is clearly differentiated from its peer group (no other fund has as much invested in the technology sector, for example). The trust's manager acknowledges the concerns that gave rise to the market correction but his belief in the long-term potential of PHI's portfolio is undimmed.

Full research:

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