Factsheet: Pacific Assets Ord

Name
Pacific Assets Ord
Manager
First State Investments (UK) Ltd
Type
Closed Ended Investment Company
ISIN
GB0006674385
Sector
Asia Pacific - Excluding Japan
Launched
01/01/1985
OCF
1.25 %
Risk Rating
1
3 Year Sharpe
0.53
3 Year Alpha
0.29
Yield
1 %
Benchmark
MSCI AC Asia Ex Japan GR USD
Fund Size
£ 312.39 million
NAV
273
Gearing
100
Discount Premium
-7
To achieve long-term capital growth through investment in selected companies in the Asia Pacific region and the Indian sub-continent, excluding Japan, Australia and New Zealand. The Company invests principally in listed equities although its policy enables it to invest in other securities, including preference shares, debt instruments, convertible securities and warrants. In addition, the Company may invest in open and closed-ended investment funds and companies. Up to a maximum of 20% of the Company’s total assets may be invested in companies incorporated and/or listed outside the Asia Pacific Region but at least 25% of their economic activities (at the time of investment) must be within the region with an aim to expand this significantly.
Holding %
Vitasoy International Holdings Ltd 6.18 %
Tech Mahindra Ltd 5.88 %
Marico Ltd 3.21 %
Standard Foods Corp 2.89 %
Chroma Ate Inc 2.83 %
Manila Water Co Inc 2.63 %
Taiwan Semiconductor Manufacturing Co Ltd 2.30 %
Mahindra & Mahindra Ltd 2.18 %
Bank OCBC NISP Tbk 2.16 %
Housing Development Finance Corp Ltd 2.16 %
Region %
Asia - Emerging 70.24 %
Asia - Developed 26.96 %
Sector %
Consumer Defensive 24.81 %
Technology 23.97 %
Financial Services 21.31 %
Healthcare 8.55 %
Consumer Cyclical 7.55 %
Name
First State Investments (UK) Ltd
Address
EC2M 7EB, London, United Kingdom
UCITS
No
Legal Structure
Closed Ended Investment Company

Managers

Sashi Reddy
Joined 04/01/2014

Sashi Reddy joined First State Investments’ Global Emerging Markets/ Asia Pacific (ex-Japan) team in July 2008. Sashi is an investment analyst, responsible for providing research support to portfolio managers and will have a main focus on Indian equities. Before joining First State Sashi worked at Credit Suisse First Boston from 2005 to 2007 as an analyst covering the small and mid cap European market. He also worked with Irevna, an outsourced Indian equities research house. Sashi brings with him six years of industry experience, one year of which was gained at First State in a contract role. Sashi has an engineering degree from the National Institute of Technology, Trichy and an MBA from the Schulich School of Business, York University in Toronto.

David Gait
Joined 07/01/2010

David Gait is Senior Portfolio Manager with First State Investments’ Global Emerging Markets/Asia Pacific (ex-Japan) team, having joined the company in 1997. David took on portfolio manager responsibilities in December 2005 managing the First State Asia Pacific Sustainability Fund. In August 2008 he was appointed lead portfolio manager of the First State India Subcontinent Fund. In early 1999, he joined the Asia Pacific (ex-Japan) desk as Senior Analyst. Having initially covered Korea, Taiwan and the Indian Sub-continent until the end of 2000, he then focused his research efforts on China and South-East Asia. David now covers all emerging markets with a specific focus on SRI and macro research. David holds an MA with honours in Economics from Cambridge University, and holds a Master of Science in Investment Analysis from Stirling University. He is an Associate member of the UK Society of Investment Professionals.

Data provided by Morningstar.

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