With Witan Pacific (WPC) going to turn into a 100% China trust run by Baillie Gifford, and since I will likely choose to convert; for diversification purposes I am looking for an Asia Pacific/Far East ex-Japan and "low China" as ex-China is not yet a region.
I hold some Japan exposure separately.
This one has some Japan, but I could live with it.
I intend to follow it for a while, then decide upon getting a position when WPC is no more.
Any comment welcome. |
NAV turning up nicely - bounced off old buyzone - India Nifty Index turning up |
www.trustnet.com/News/488438/walls-im-backing-emerging-markets-for-the-first-time-since-2010/3/1/ |
NAV 14 May 2013 was 172.82p (ex income) 176.39p
(cum income). |
6 Mar NAV 170.43p (cum income). |
https://irintouch.rdir.com/crm/reports/PAC_Feb_13.pdf |
NAV 28 January 2013 161.49p
(cum income). |
NAV 14 December 2012 152.18p (ex income)
154.70p (cum income). |
I quite like First State Asia Pacific.
Also it is not 'cheap' but is well of highs.
Depends if you think the market will be weak in August September.
Close watch with view to invest. |
Worth noting that a large number of F&C investors will be forced sellers over the next few weeks, could prompt some weakness relative to NAV? I will certainly be watching for buying opportunities.
Then again it is also possible that NAV will be impacted as the new managers cause a bit of churn in the holdings?
Either way its on my watch list. |
Bought into this following the appointment of First State as investment manager. What do other holders think of the change? Their other asian investment trust has performed much better than this over the medium term, so hoping it can be replicated here from a sound start point. |
Thought it time for a new thread on Pacific Assets Trust given the change to a new investment manager; |
A new high at 150p. |
Half way through January and portfolio is looking healthy
IND
1 JAN 85
19 JAN 94
UP 11%
GLD
01 Jan 22
19 Jan 24
Up 9%
GWP
01 Jan 122
19 Jan 121
Flat
RTD
01 Jan 29
19 Jan 33
Up14%
DGM
01 Jan 14
19 Jan 18
Up 29%
NLR
01 Jan 342
19 Jan 373
Up 9%
MXC
01 Jan 220
19 Jan 206
Down -6% |
Looking back at the charts I reviewed 12 months ago, IND is another one that is coming along very nicely. I shall let the charts do the talking.
Short term:
Longer term: |
DGM - Looking good.
Looking back at the charts I looked at in Feb 2004 when it was trading at 8p. Performing to plan. Took longer than I anticipated but support and resistance all played as expected. Looks like next stop is circa 21p. |
PXC: Breached 1 yr support. There is support at r=9.25p and then at circa 9p at the 200day EMA. Will watch closely. |
SUG: Don't like the look of this. Needs to regain 200day EMA or may see it go all the way to next support at 92p. |
OBS: Still can't make head or tails from the charts. Any views? |
DGM: Still looking okay but may retrace to retest support or consolidate for the MAs to catch up. |
PEN: Support still intact. May have further to fall to test support levels. |
KWL: Has breached 2 yr support. Needs to regain it if we are to see any more progress. On my watchlist to exit if support is not regained. |
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