Martin Currie acts to reduce discount

Professional Adviser
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By Adam Lewis Martin Currie Pacific will continue to monitor the benefits of buying back in s...

By Adam Lewis Martin Currie Pacific will continue to monitor the benefits of buying back in shares in an effort to reduce the trust's discount of 18.9% as of 24 April. Over the 12-month period to 28 February 2001, the NAV of Martin Currie Pacific fell 27.2%, compared to a fall of 18.7% in the MSCI Pacific Free (Japan fixed at 40%) Index. Adrian Mowat, investment manager, said the portfolio performance suffered from poor stock selection in Japan and Asia generally, where in the 12-month period from the start of March 2000 its technology stocks have done particularly badly. Tim Ki...

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