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About the company
Pacific Assets Trust plc (the Trust) is a United Kingdom-based externally managed investment trust. The Trust’s investment objective is to achieve long-term capital growth through investment in selected companies in the Asia Pacific region and the Indian sub-continent, but excluding Japan, Australia and New Zealand (the Asia Pacific Region). Up to a maximum of 20% of the Trust's total assets (at the time of investment) may be invested in companies incorporated and/or listed outside the Asia Pacific Region (as defined). It invests principally in listed equities and other securities, including preference shares, debt instruments, convertible securities and warrants. In addition, it invests in open and closed-ended investment funds and companies. It invests in various sectors, including industrials, information technology, consumer staples, consumer discretionary, financials, health care and communication services. Its alternative investment fund manager is Frostrow Capital LLP.
- Revenue in GBP (TTM)60.61m
- Net income in GBP42.83m
- Incorporated1984
- Employees0.00
- LocationPacific Assets Trust16 Charlotte SquareEDINBURGH EH2 4DFUnited KingdomGBR
- Websitehttps://www.pacific-assets.co.uk/
Profile
| Management group(s) | Stewart Investors |
|---|---|
| AIC sector | Asia Pacific |
| ISIN | GB0006674385 |
| Launch date | 01 Jan 1985 |
| Share type | Ordinary Share |
| Structure | Investment Trust |
| Base currency | GBP |
Objective
To achieve long-term capital growth through investment in selected companies in the Asia Pacific region and the Indian Subcontinent, but excluding Japan, Australia and New Zealand (the Asia Pacific Region).The Company invests principally in listed equities although it is able 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.
Managed by
| David Gait, Douglas Ledingham |
|---|
Management & contract fees
A management fee of 0.85% p.a. of NAV. The Agreement can be terminated by either party by giving six months notice.
Peer analysis
| Company | Revenue (TTM) | Net income (TTM) |
|---|---|---|
| Octopus Apollo VCT PLC | 5.51m | -4.95m |
| Jpmorgan Uk Small Cap Growth & IncomePLC | 104.52m | 99.70m |
| Tatton Asset Management PLC | 40.96m | 15.34m |
| IP Group Plc | 0.00 | -223.00m |
| Abrdn Asia Focus PLC | 55.49m | 37.33m |
| North American Income Trust PLC | 61.93m | 54.54m |
| Polar Capital Global Healthcare Trst PLC | 85.55m | 78.00m |
| Pollen Street Group Ltd | 108.82m | 46.52m |
| Impax Asset Management Group Plc | 176.56m | 40.67m |
| Jupiter Fund Management PLC | 398.00m | -8.90m |
| Schroder Asian Totl Retrn Invstmt Co PLC | 76.65m | 68.75m |
| Pacific Assets Trust plc | 60.61m | 42.83m |
| Foresight Solar Fund Ltd | 14.40m | 6.40m |
| Georgia Capital PLC | 53.06m | 51.13m |
| Ashoka India Equity Investment Trust PLC | 113.79m | 96.65m |
| Fidelity Emerging Markets Ltd | 124.59m | 100.60m |
Institutional shareholders
| Holder | Shares | % Held |
|---|---|---|
| Evelyn Partners Investment Management LLPas of 26 Jun 2024 | 14.52m | 12.02% |
| Rathbones Investment Management Ltd.as of 31 Jan 2024 | 12.37m | 10.24% |
| Brewin Dolphin Ltd.as of 31 Jan 2024 | 11.33m | 9.38% |
| Charles Stanley & Co. Ltd. (Investment Management)as of 31 Jan 2024 | 6.04m | 5.00% |
| 1607 Capital Partners LLCas of 01 Sep 2024 | 2.64m | 2.19% |
| Investec Wealth & Investment Ltd.as of 21 Sep 2023 | 2.57m | 2.13% |
| Hargreaves Lansdown Asset Management Ltd.as of 01 Sep 2024 | 1.83m | 1.52% |
| Legal & General Investment Management Ltd.as of 01 Sep 2024 | 1.70m | 1.41% |
| J. M. Finn & Co. Ltd.as of 01 Sep 2024 | 1.69m | 1.40% |
| BlackRock Investment Management (UK) Ltd.as of 01 Sep 2024 | 1.60m | 1.33% |
