Investment philosophy
“We treat the money we’re entrusted with as if it were our own.”
Douglas Ledingham, portfolio manager
The Pacific Assets Trust portfolio managers believe their role is to invest shareholders' money in high-quality companies with strong management teams that are well positioned to contribute to, and benefit from, sustainable development.
The way the portfolio managers invest shareholders' money – their investment philosophy – has remained unchanged since 1988. It is founded on the principle of good stewardship, by which they mean careful, considered and responsible management of shareholders’ funds.
Risk factors
Capital at risk. The value of investments and any income from them may go down as well as up and are not guaranteed. Investors may get back significantly less than the original amount invested.
Long-term
They take a long-term approach, aiming to invest with a minimum 10-year horizon from the point of making an investment.
Positive absolute returns
They believe, investment risk means protecting shareholders’ money from permanent loss due to negative returns, rather than how they compare to benchmarks (relative returns).
Bottom-up investing
On behalf of shareholders, they invest in shares of real companies based on their individual strengths, rather than relying on benchmarks or market trends (top-down investing).
Sustainability
They believe companies delivering positive sustainability outcomes drive investment returns and reduce investment risk.
Quality
They believe the quality of people, franchise and financials drives long-term returns and reduces risk.
Picking quality companies
How the portfolio managers select companies.
Board of Directors & portfolio managers
Meet the people behind the Trust.
What is in the Trust?
Portfolio Explorer is an online tool that tells the stories of the companies Pacific Assets Trust invests in.
Explore it for yourself...
Risk factors
This web page is a financial promotion for Pacific Assets Trust plc (the “Trust”) only for those people resident in the UK and Ireland for tax and investment purposes.
Investing involves certain risks including:
- The value of investments and any income from them may go down as well as up and are not guaranteed. Investors may get back significantly less than the original amount invested.
- Emerging market risk: emerging markets tend to be more sensitive to economic and political conditions than developed markets. Other factors include greater liquidity risk, restrictions on investment or transfer of assets, failed/delayed settlement and difficulties valuing securities.
- Specific region risk: investing in a specific region may be riskier than investing in a number of different countries or regions. Investing in a larger number of countries or regions helps spread risk.
- Currency risk: the Trust invests in assets which are denominated in other currencies; changes in exchange rates will affect the value of the Trust and could create losses. Currency control decisions made by governments could affect the value of the Trust’s investments.
- The Trust’s share price may not fully reflect net asset value.
Where featured, specific securities or companies are intended as an illustration of investment strategy only, and should not be construed as investment advice or a recommendation to buy or sell any security.
For an overview of the terms of investment, risks, returns, costs and charges please refer to the Key Information Document.
If you are in any doubt as to the suitability of the Trust for your investment needs, please seek investment advice.
