This is the latest monthly factsheet for Baillie Gifford's Pacific Horizon investment trust. The fund returned 64.4% last month, beating its benchmark's 40.4% by a wide margin. The report doesn't state a clear market view, but the portfolio is heavily weighted toward Asian tech stocks, with top holdings including TSMC (13.8%), Samsung Electronics (12.6%), and SK Square (6.0%). The fund also uses a small amount of leverage (3% net gearing) to boost returns. Risks highlighted include emerging market volatility, China's structural issues, and private equity liquidity.
At a Glance Pacific Horizon Investment Trust PLC's report for the period ended August 31, 2026, shows that the trust pursues capital growth by investing in the Asia-Pacific region (excluding Japan) and the Indian subcontinent, employing a benchmark-agnostic stock selection strategy. The portfolio ty
The fund delivered a NAV return of 64.4% for the month vs. a benchmark return of 40.4%, outperforming by 24.0 percentage points; the share price return was 66.6%, with year-to-date performance significantly ahead.
| Metric | Month | Year-to-Date |
|---|---|---|
| Fund (Share Price) | 66.6% | — |
| Fund (NAV) | 64.4% | — |
| Benchmark (MSCI All Country Asia Ex Japan Index) | 40.4% | — |
| Excess Return (NAV vs. Benchmark) | +24.0% | — |
The report does not provide attribution data for the month, only listing the portfolio holdings.
The report does not include commentary on specific holdings.
Stance: [Not explicitly stated]
The report does not disclose position changes for the month.