The Pacific rim is coming under the investment microscope from Premier Asset Management.
The new Premier Pacific income fund is an investment trust composed of three specific pools of investment. The first will invest in the Pacific basin excluding Japan stocks and shares, the second will invest in global corporate and Government fixed interest bonds and the third will invest in the income producing shares of other investment trusts.
Pacific income will have a wide investment spread, going from Australia and New Zealand to India, including Indonesia, Malaysia, South Korea, Hong Kong and China.
Aimed at investors wanting income, although it has a high yield of nine per cent, it also carries a high degree of risk with it. Many of the countries that it will invest in are suffering from varying degrees of political instability and subsequent economic uncertainty.
According to Standard & Poor's the Premier high income ordinary fund is ranked 39 out of 40 funds, based on £1,000 invested on a mid-to-mid basis with net income reinvested over one year to July 31, 2000.