19 Mar 2012

Pacific Horizon Investment Trust Announces Interim Results 

Pacific Horizon Investment Trust PLC announces its results for the half-year to 31 January 2012

The results for the six months to 31 January 2012 show for Pacific Horizon the net asset value per share declined by 4.6% whilst the MSCI All Country Asia ex Japan Index in sterling terms declined by 7.6%. Pacific Horizon's share price fell by 7.1% over the same period.

Baillie Gifford, manager of Pacific Horizon, states that as a result of good stock selection, in line with the Trust’s long-term, company focussed investment policy the Trust outperformed the comparative index. Korean and Taiwanese investments, which included technology stocks, were the principal contributors.

Earnings per share for the six months were 0.30p compared to 0.17p in the first half of the previous year. As in previous years, no interim dividend will be paid.  

Pacific Horizon aims to achieve capital growth through investment in the stockmarkets of the Asia-Pacific region (excluding Japan) and in the stockmarkets of the Indian Sub-continent. The Trust had total assets of £128 million as at 31 January 2012.  

More details on the results, including the Half-Yearly Management Report, can be found in the press release transcript at the top of this page.

You can also find up to date performance information about Pacific Horizon on Baillie Gifford’s website.  
 

Standardised Past Performance

Please remember that past performance is not a guide to future performance. The value of your investment may go down as well as up and you may not get back the amount originally invested.  You should regard your investment as long term.

The trust invests in overseas securities and changes in the rates of exchange may also cause the value of your investment (and any income it may pay) to go down or up.