Witan Pacific Investment Trust

Witan Pacific Investment Trust plc ("Witan Pacific") is the only investment trust with a strategic focus across the entire Asia Pacific region, including Japan, China, Australia and India[1]. It is a multi-managed investment trust with a portfolio of equity investments in companies across this increasingly interdependent region. Witan Pacific was founded in 1907 ans has been listed on the London Stock Exchange (LSE: WPC[2]) since its foundation.

Witan Pacific Investment Trust plc
Public (LSE: WPC)
IndustryInvestment management
Founded1907
Headquarters London, UK
Key people
Susan Platts-Martin (Chair)
Andrew Robson (Audit Committee Chairman)
Chris Ralph (Board member)
Dermot McMeekin (Nomination & Remuneration Committee Chairman)
Websitewww.witanpacific.com

History

A brief history of the trust:[3]

  • 1907 The company began its life as General Investors and Trustees Ltd (GIT) investing in a diverse range of assets
  • 1929 Wall Street Crash. GIT avoided the worst, having shifted out of equities and into cash, Treasury bills and British Government Securities
  • 1975 GIT merged with City and Gracechurch Investment Trust
  • 1984 Under the management of F&C GIT was renamed F&C Pacific Investment Trust to reflect a new Asian Pacific investment policy
  • 2005 Witan Investment Services takes on the executive manager role and a multi-manager approach is adopted using Aberdeen and Normura Asset Management UK Ltd as investment managers.[4] The Company’s name is changed to Witan Pacific Investment Trust plc.
  • 2012 The Company replaces Nomura with two new investment managers; Matthews and GaveKal, having three investment managers in total.[5]
  • 2017 Witan Pacific announced changes to the existing line up of investment managers, replacing Gavekal with two new investment managers and adjusting the allocated weightings to Aberdeen and Matthews. This makes four investment managers in total - Aberdeen Standard Investments, Dalton Investments LLP, Matthews International Capital Mgt. and Robeco Institutional Asset Mgt.[6]

Operations

Witan Pacific has assets under management of approximately £229 million[7] and invests in companies operating across the Pan-Asian region, including Japan, China, Australia and India. It employs a multi-manager strategy with four

experienced, active Managers employing different approaches. Witan Investment Services acts as executive manager to Witan Pacific and is responsible for managing and monitoring the outsourced structure of the Company and its relationships with the external managers, and to assist the independent Board of Directors on investment strategy and marketing.

See also

References
  1. "Witan Pacific Annual Report 2020" (PDF).
  2. "WITAN PACIFIC INVESTMENT TRUST PLC WPC Stock | London Stock Exchange". www.londonstockexchange.com. Retrieved 2020-06-19.
  3. Witan Pacific History
  4. Smith, Amanda (2007-10-07). "Managers deliver on Witan Pacific". London: Money Marketing. Retrieved 2013-06-28.
  5. "Witan Pacific appoints two new managers and opens up a wider range of opportunities in the region". Witan Pacific Investment Trust. Retrieved 2013-06-28.
  6. "Witan Pacific Investment Trust plc expands its multi-manager line up | Witan Pacific Investment Trust". www.witanpacific.com. Retrieved 2020-06-19.
  7. "Witan Pacific December 2019 Factsheet" (PDF).
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