Despite the significant headwinds that have faced both Asia and growth strategies during the last 12 months, Pacific Horizon’s (PHI’s) NAV has held up so that its long-term (five- and 10-year) track record of outperformance versus peers (see page 19) remains intact.
Its portfolio continues to offer strong growth prospects (forecast earnings growth of 14.8%, versus 5.7% from its benchmark; 8.0% forecast sales growth versus 3.5% – both of which illustrate its consistent bias to growth and quality ....
