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- Over half of Pacific Horizon invested in Technology stocks
Over the six months ended 31 January 2015, Pacific Horizon’s net asset value per share rose 7.9% to 216.74p. The share price rose 12.5% and the discount narrowed from 11.5% to 7.7%. Over the same period the MSCI All Country Asia ex Japan Index rose 8.5% in sterling terms.
The manager has been increasing the proportion of the portfolio that is invested in technology companies – at the end of the period they accounted for 54% of the fund. the statement singles out Tech Mahindra as one of the best performing stocks in the portfolio over the period – it rose by 46.5%.
Over the six month period to 31 January 2015, the Company’s average discount was 9.9% and the Board has announced that it has decided to exercise its discretion to implement a tender offer in respect of the six month period to 31 January 2015, applicable to shareholders on the register on 10 February 2015.
PHI : Over half of Pacific Horizon invested in Technology stocks
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