Witan Pacific Investment Trust PLC is managed by three managers: Aberdeen Asset Management Limited, Matthews International Capital Management, LLC and Nomura Asset Management U.K. Limited. It is focus on Asia Pacific region. But in 2012, Nomura was taken place by MW GaveKal Asia Limited.
Witan Pacific Investment Trust PLC is an investment trust, which produces investment management, the number of shares in this company is fixed, new money could not get in, but also never return money back. For this part a comparison between Witan Pacific Investment Trust PLC and Pacific Horizon Investment Trust PLC will be used. Horizon is also a investment trust which focus on Pacific Asia region, the comparison between these two companies will be benefit for the research for the comparison of competitors.
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Objective is the main expectation for the fund management, the establishing of objectives is the strategy of the fund management. The main targets for a fund are income and capital growth, so the differences between the objectives for different funds are from the details: how to improve the income and capital growth, risk management, time period for investment, liquidity, ethics, investments target (domestic vs. international, stock vs. bond) and so on. The Objective of Witan Pacific Investment Trust PLC is to provide diversified portfolio, the main target is Asia Pacific region aims to outperform the Index. This objective hasn’t been changed since 2008, and it is same to Horizon. For Witan, the objectives are to provide a balanced portfolio of investments in the Asia-Pacific region plans to gain from the MSCI AC Index (“MSCI AC Asia Pacific Free Index”). The difference between these two funds is Witan is focus on the whole Asia Pacific region, Japan was excluded by Horizon, for Witan, due to include Japan, the investment scope is more widely than Horizon. In 2011, the Moody’s downgraded Japan’s sovereign debt rating, because of Japanese government deficit increasing quickly after the Financial Crisis in 2007. As a large economic entity in Asia Pacific region, Japan has a GDP of 5.98 Trillion USD, for Witan, it is quite a large market to invest, but from the figure of GDP growth rate in the past 6 years it is not a good target, the economic growth rate is not looked very well. 2007 2008 2009 2010 2011 2012 China 13 9 9.2 10.3 9.3 7.8 India 9.4 7.3 5.7 9.7 7.9 4.5 SEA 6.3 4.8 1.7 6.7 4.5 5.7 Japan 2.3 -0.7 -6.3 4.3 -0.6 2.0 But for another statistic some reason for Witan to invest in Japan can be found, due to a large number of oversea businesses the Japanese GNI(Gross National Income) was increasing while the GDP( Gross Domestic Product) was going down. That means a lot of companies was still gaining,
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