Witan dumps Nomura from Pacific trust

The trust's board said the change has been made to access a wider range of opportunities across the Asia Pacific region. Following the changes, Matthews will manage 35% of the trust's assets, while MW GaveKal will run 10%. Aberdeen will continue to manage the majority of the portfolio, retaining its 55% position. Witan said Matthews will focus on enhancing the trust's yield, through adopting a bottom-up investment approach. Meanwhile, MW GaveKal will invest across equities and bonds, using an unconstrained philosophy. Gillian Nott, chairman of Witan Pacific investment trust, sa...