Pacific Horizon (PHI) has in 2022 found itself at a convergence of both negative sentiment towards Asia and growth stocks more generally (a function of lockdowns in China, a slowing global economy and rising interest rates). While this has dented its performance in the short term and pushed it down its peer group rankings, the manager remains confident in the portfolio, highlighting that many of its companies are cheap (Asia Pacific ex Japan equities are trading at close to their five-year lows ....
08 Dec 2022
Pacific Horizon – Convergence opportunity
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Pacific Horizon – Convergence opportunity
Pacific Horizon Investment Trust PLC (PHI:LON) | 0 0 0.6% | Mkt Cap: 497.8m
- Published:
08 Dec 2022 -
Author:
James Carthew | Matthew Read | Richard Williams -
Pages:
32
Pacific Horizon (PHI) has in 2022 found itself at a convergence of both negative sentiment towards Asia and growth stocks more generally (a function of lockdowns in China, a slowing global economy and rising interest rates). While this has dented its performance in the short term and pushed it down its peer group rankings, the manager remains confident in the portfolio, highlighting that many of its companies are cheap (Asia Pacific ex Japan equities are trading at close to their five-year lows ....