Witan Pacific tackles a notorious market

Radar Alert

Group's multi-manager strategy has narrowed wide discount on ex-F&C Asia including Japan portfolio

Asia including Japan funds have historically struggled to sit within conventional asset allocation strategies with advisers typically preferring to allocate between the two regions. The £153.5m Witan Pacific trust, which converted from F&C Pacific nearly a year ago, has seen this problem lead to a historically wide discount over recent years. But, since Witan took the trust on in April 2005, the discount has narrowed from wide of the 10% mark down to around 5%. Management of the trust has also been segregated on a 50/50 basis between Aberdeen Asset Management's Hugh Young and Japanese ba...