Another strong year for Pacific Horizon despite departure of long-standing manager

Another strong year for Pacific Horizon despite departure of long-standing manager - Pacific Horizon (PHI) has published its preliminary results for the year to 31 July 2021. The trust's strong performance from the previous year has continued, with an exceptional NAV return of 61.3% and share price return of 59.2%. This compares with a 12.7% total return from the MSCI All Country Asia ex Japan index. Meanwhile, the trust ended the period trading on a premium of 3.2%, slightly down from its 4.6% premium last year. The chair said the majority of the absolute performance was achieved in the first…