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Pacific Assets tops the performance tables

Pacific Assets’ interim results for the six months ended 31 July 2015 show the total return on net assets was -3.9% which was better than the -7.1% return posted by The MSCI AC Asia ex Japan Index for the period and the best performing fund in its peer group. Shareholders will be pleased that the share price total return was +2.2% as the shares moved to trade at a small premium to asset value. The dividend was maintained at 2.6p.

The stocks that added most to the value of the portfolio were Standard Foods, Marico, Dr Reddy’s Laboratories, Sheng Siong and Marico Bangladesh – collectively these added 3.44% to the portfolio. The stocks that made the biggest negative contributions were Tech Mahindra, XL Axiata, Manila Water, AirTac International and Chroma ATE which, cumulatively, too 5.45% off the NAV.

PAC : Pacific Assets tops the performance tables

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