HarbourVest Global Private Equity profile image

Witan Pacific Investment Trust

LN: WPC

£236.3m market cap

388p last close

WPC’s objective is to provide shareholders with equity exposure to the Asia Pacific region, including Japan, Australia and India. It aims to outperform the MSCI AC Asia Pacific Free index (£). It has a multi-manager approach, currently employing four complementary managers: Aberdeen Standard Investments, Dalton Investments, Matthews International Capital Management and Robeco Institutional Asset Management.

Investment summary

Witan Pacific Investment Trust (WPC) offers broad exposure to the Asia Pacific region (including Japan), employing a multi-manager strategy. The board remains confident that the current line-up of four complementary managers is capable of good long-term outperformance; however, it has a contingency measure in place. If WPC does not outperform its benchmark in the two years ending 31 January 2021, investors will be given the opportunity to realise their holdings close to NAV, so either relative performance will improve or the trust’s discount will narrow. WPC has a progressive dividend policy; its annual distribution has increased for the last 14 consecutive years and the trust currently offers a 2.1% yield.

Register to receive research on Witan Pacific Investment Trust as it is published
Share price graph
Price performance
%
1m
3m
12m
Actual 5.7 17.9 15.0
Relative* 6.8 20.9 37.0
52-week high/low 388.0p/266.0p
*% relative to local index
Key management
Susan Platts-Martin Chairman
James Hart Investment Director

You may also be interested in…