Jan 18th 2013 - Edison Investment Research today published a report on Pacific Assets Trust (PAC.L, LSE:PAC, LON:PAC) entitled "Much Improved Returns". In summary, the report says:
Pacific Assets Trust (PAC) is an investment trust with an Asia (excluding Japan) equity remit. It has been managed by First State’s investment team since July 2010. Since the new manager took over, PAC’s NAV has beaten its benchmark by 12.7%. The improved performance has been generated using a strategy, focused on sustainable investment, genuinely different from any other closed-end fund in its peer group.
Edison Investment Research is a leading international investment research company. It has won industry recognition, with awards both in the UK and internationally. The team of 95 includes over 60 analysts supported by a department of supervisory analysts, editors and assistants. Edison writes on more than 400 companies across every sector and works directly with corporates, fund managers, investment banks, brokers and other advisers. Edison’s research is read by institutional investors, alternative funds and wealth managers in more than 100 countries. Edison, founded in 2003, has offices in London, New York and Sydney and is authorised and regulated by the Financial Services Authority (www.fsa.gov.uk/register/firmBasicDetails.do?sid=181584). more »