Pacific Horizon Investment Trust
The Pacific Horizon Investment Trust () is a publicly-traded investment trust listed on the London Stock Exchange. The Trust invests in the markets of the Asia Pacific region (excluding Japan) and of the Indian Sub-continent. The Trust is managed by Baillie Gifford & Co Limited, the Edinburgh-based investment management partnership. History. The company was incorporated on 1 February 1989 under the name of Dealchief Public Limited Company, with an authorised share capital of 100,000 ordinary shares of £1 each. The company name was changed to Pacific Horizon Investment Trust PLC on 18 July 1989 , and its share capital altered, so that by 31 July 1990, the company had authorised 60,000,000 ordinary shares of 10p each and 40,872,989 issued and fully paid ordinary shares of 10p each. Dealing in the company's stock commenced on 22 September 1989 on the London Stock Exchange. Its original investment policy was to achieve capital growth by establishing itself in particular 'Horizon' economies of Asia and the Far East whose stock markets were in the process of opening up to greater inflows of foreign investment. As a consequence, investment in Japan, Australia, New Zealand, Hong Kong, Singapore, and Malaysia  was excluded. In 1992, at the end of the financial year, the Board decided to widen the company's investment objectives so as to embrace the whole of Asia except Japan. In addition, Baillie Gifford & Co Limited were appointed as managers, replacing Tyndall International (Asia) Limited. Consequently, management of the trust moved from Hong Kong to Edinburgh.