The Henderson TR Pacific Investment Trust has changed its name to the Henderson Asian Growth Trust.
The name change for the £305m trust takes effect from today and will not affect the investment strategy which will continue to be primarily focused on companies in the Pacific region, excluding Japan and Australasia.
“The board decided to change the name of the company so it more accurately reflects the style and purpose of the company,” a Henderson spokeperson explains.
The trust has returned 3.1% growth over the past year, compared to 2.1% for the MSCI AC Asia Japan Index.
Andrew Beal, manager of the trust, has forecast continued short-term volatility in markets, but remains positive on the outlook for equities.