Pacific Horizon (PHI) appears to have, in 2022, found itself at a convergence of both negative sentiment towards Asia and growth stocks more generally (seemingly a function of lockdowns in China, a slowing global economy and rising interest rates). While there has been a dent in its performance in the short term and it has been pushed it down its peer group rankings, the manager remains confident in the portfolio, commenting that, in its view, many of its companies are cheap (Asia Pacific ex Jap ....
