Martin Currie Pacific trust survives continuation vote

Shareholders in the £124m Martin Currie Pacific trust have voted for the company to continue for another five years.

Of those who voted, 98% opted for continuation. Chairman Patrick Gifford says: "We think it is an important part of good governance to give shareholders the opportunity every five years to formally confirm that the company should continue in its present form. "The Board believes that this result is a strong endorsement of our pan-Asian mandate and Martin Currie's capability as fund manager." Investment manager John Millar believes an Asian fund which includes Japan is the best way to capture the region's growth. "An integrated pan-Asian mandate has never been more relevant...