1. Overview

    Pacific Horizon aims to achieve capital growth through investment in the Asia-Pacific region (excluding Japan) and the Indian Sub-continent.

    The Company’s portfolio is increasingly focused on the effect of technological change on economies and existing businesses.

    Performance & Portfolio

    Periodic Performance

    All figures to 31/03/2021

    1 Year

    3 Years

    5 Years

    10 Years

    Share Price 136.7%132.6%385.3%407.6%
    NAV 110.8%117.9%292.7%326.8%
    Index* 35.2%31.8%111.7%133.1%

    The value of your investment may go down as well as up, and you may not get back the amount you invested.
    NAV is calculated with borrowings deducted at fair value for 1, 3 and 5 years and par value for 10 years.
    *MSCI All Country Asia ex Japan Index.
    Performance source: Morningstar and relevant underlying index provider(s), total return.
    Please bear in mind that past performance is not a guide to future performance.
    Pacific Horizon is only suitable for those investors prepared to accept a higher level of risk. This is because Pacific Horizon invests in the markets of the Asia Pacific region (excluding Japan) and of the Indian sub-continent, which are more volatile than the main international markets.


    Discrete Performance

    Annual Performance to 31 March each year

    31/03/2016
    31/03/2017

    31/03/2017
    31/03/2018

    31/03/2018
    31/03/2019

    31/03/2019
    31/03/2020

    31/03/2020
    31/03/2021

    Share Price 36.8%44.4%-5.5%-9.5%148.2%
    NAV 37.9%30.4%-6.8%-4.6%125.2%
    Index* 35.4%12.5%2.3%-8.8%41.8%

    The value of your investment may go down as well as up, and you may not get back the amount you invested.
    NAV is calculated with borrowings deducted at fair value for 1, 3 and 5 years and par value for 10 years.
    *MSCI All Country Asia ex Japan Index.
    Performance source: Morningstar and relevant underlying index provider(s), total return.
    Please bear in mind that past performance is not a guide to future performance.
    Pacific Horizon is only suitable for those investors prepared to accept a higher level of risk. This is because Pacific Horizon invests in the markets of the Asia Pacific region (excluding Japan) and of the Indian sub-continent, which are more volatile than the main international markets.

    Performance - 30/04/2021

    The value of your investment may go down as well as up, and you may not get back the amount you invested.
    Comparative Index – changed from MSCI All Country Far East Ex Japan Index on 01/08/2011 to MSCI All Country Asia Ex Japan Index. In the above graph the indices have been chain-linked to form a single index.
    Comparative index data is limited to a 5 year period from the current date. The graph is rebased to 100.
    Please bear in mind that past performance is not a guide to future performance.
    Pacific Horizon is only suitable for those investors prepared to accept a higher level of risk. This is because Pacific Horizon invests in the markets of the Asia Pacific region (excluding Japan) and of the Indian sub-continent, which are more volatile than the main international markets.

    Holdings - 30/04/2021

    Fund %
    1 SEA Limited 7.2%
    2 Tata Motors 3.3%
    3 MMG Limited 3.0%
    4 Samsung SDI 2.5%
    5 Li Ning 2.4%
    6 JD.com 2.3%
    7 Nickel Mines 2.1%
    8 Jadestone Energy 2.1%
    9 Sesa Goa Limited 2.0%
    10 ByteDance 1.8%
    Total 28.7%
    Active Share - 31/05/2021

    Relative to MSCI All Country Asia Ex Japan Index. Source: Baillie Gifford & Co, MSCI.

    Geographical Allocation of total assets - 30/04/2021

    Fund %

    • 1 Hong Kong & China 32.68
    • 2 India 19.81
    • 3 Korea 15.65
    • 4 Singapore 7.23
    • 5 Indonesia 5.85
    • 6 Vietnam 5.08
    • 7 Taiwan 5.05
    • 8 China 'A' Shares 2.47
    • 9 Kazakhstan 0.62
    • 10 Philippines 0.20
    • 11 Mongolia 0.13
    • 12 Net Liquid Assets 1.85
    • Total 96.6

    As the Fund invests in overseas securities, changes in the rates of exchange may also cause the value of your investment (and any income it may pay) to go down or up.
    The information contained on this page is intended as a guide only and should not be relied upon when making investment decisions. All holdings information is unaudited. Source Baillie Gifford & Co.
    Please note that totals may not add due to rounding.

    Meet the Managers

    Ewan Markson-Brown - Manager

    Ewan is an Investment Manager in the Emerging Markets Equity Team. He has co-managed the Pacific Fund since May 2014 and has managed Pacific Horizon Investment Trust PLC since March 2014. Prior to joining Baillie Gifford in 2013, Ewan was a Senior Vice President in Emerging Markets at PIMCO. He previously worked at Newton for five years, most recently as Lead Portfolio Manager on an Asia Pacific Equity Strategy, as well as segregated Asian income and Japanese Equities Strategies. Ewan also previously worked for Merrill Lynch Investment Managers as a Portfolio Manager in the Asia-Pacific region for six years. He graduated MA in Politics, Philosophy and Economics from the University of Oxford in 2000.

    Roderick Snell - Deputy Manager

    Roderick joined Baillie Gifford in 2006 and is an Investment Manager in the Emerging Markets Equity Team. He previously worked in the UK and European Equity Teams and has managed the Baillie Gifford Pacific Fund since 2010. Roderick graduated BSc (Hons) in Medical Biology from the University of Edinburgh in 2006.

    Documents

    You can access any literature about the Fund here, either by downloading or requesting a copy by post (where available). Please note that, due to current government restrictions, we have a limited number of staff in our office. As a result, if posting instructions to us, there may be a delay in processing these due to these current restrictions.

    To download any document you will need Adobe Reader. Please note that we can now provide you with Braille and audio transcriptions of our literature on request. It may take up to 10 days for the transcription to be completed dependent on the size of the document.

    Investor Disclosure Document

    Key Information Document

    Disclaimers

    MSCI Disclaimer

    Source: MSCI.  The MSCI information may only be used for your internal use, may not be reproduced or redisseminated in any form and may not be used as a basis for or a component of any financial instruments or products or indices. None of the MSCI information is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such.  Historical data and analysis should not be taken as an indication or guarantee of any future performance analysis, forecast or prediction.  The MSCI information is provided on an ‘as is’ basis and the user of this information assumes the entire risk of any use made of this information.  MSCI, each of its affiliates and each other person involved in or related to compiling, computing or creating any MSCI information (collectively, the ‘MSCI Parties’) expressly disclaims all warranties (including, without limitation, any warranties or originality, accuracy, completeness, timeliness, non-infringement, merchantability and fitness for a particular purpose) with respect to this information.  Without limiting any of the foregoing, in no event shall any MSCI Party have any liability for any direct, indirect, special, incidental, punitive, consequential (including, without limitation, lost profits) or any other damages (www.msci.com)