Pacific Assets Trust plc (PAC)

Profile

https://www.pacific-assets.co.uk/PAT/Home/

Pacific Assets Trust plc is a UK-based closed-ended investment trust launched in 1985. Its primary objective is to achieve long-term capital growth by investing in selected companies across the Asia Pacific region and Indian subcontinent, excluding Japan, Australia, and New Zealand. The trust principally targets listed equities but may also allocate to preference shares, debt instruments, convertible securities, warrants, and open or closed-ended investment funds. Up to 20% of total assets can be invested in companies outside the region, provided at least 25% of their economic activities are within it and expected to grow. Managed externally by Frostrow Capital LLP with portfolio responsibilities delegated to First Sentier Investors, it emphasizes high-quality growth stocks positioned for sustainable development. Key sectors include industrials, information technology, consumer staples, consumer discretionary, financials, health care, and communication services, with significant exposure to countries like India, China, Taiwan, and Singapore. Pacific Assets Trust plc benchmarks against the MSCI AC Asia ex Japan Index and measures performance relative to UK CPI + 6%, playing a vital role in providing investors targeted access to Asia ex-Japan equities.