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The value of investments and the income from them may go down as well as up and investors may get back less than the amount invested. The tax benefits relating to ISA investments may not be maintained. Please refer to the Key Facts documents contained in the ISA/Share Plan Brochure & Application form for general and specific investment risks attaching to the individual trusts.Read the detailed Risk Warning
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See latest monthly factsheet below for performance history.
At close 16-May-2013Ord
|Net Dividend Yield||1.28%|
Source: Morningstar, NAV = Net Asset Value, excluding income.
Bow Bells House,
1 Bread Street,
Registered in England and Wales as an Investment Company Number 2377879
The objective of Aberdeen New Dawn Investment Trust PLC is to provide shareholders with a high level of capital growth through equity investment in the Asia Pacific countries excluding Japan. In addition, it is the Investment policy of the company to invest in no more than 15 per cent of its gross assets in other listed investment companies (including listed investment trusts).
In this webcast, James Thom gives an update on a wide range of subjects including performance and the Trust’s geographic and sector breakdowns, the twenty largest investments and the outlook for the Trust.Click here to listen to the presentation.
Asian stock markets ended mixed in March, with benchmarks touching a seven-month low at one point, as Cyprus’ troubled banking sector reignited fears over sovereign risks in the eurozone.
This was despite generally positive economic news from the US and Asia. However, industrial production fell across the region in February, as weak exports affected the more open economies.
Inflation edged higher, led by China where prices accelerated to a 10-month high. India also raised fuel prices. Most central banks held interest rates steady but India cut policy rates by 25 basis points.
In politics, Australian prime minister Julia Gillard reshuffled her cabinet after a round of sackings and resignations following a failed leadership coup. Uncertainty heightened in India, where the Dravida Munnetra Kazhagam party, one of the key partners in the ruling coalition, withdrew because of differences over the treatment of Sri Lankan Tamils.
There were no major changes to the portfolio in March.
In portfolio-related news, HSBC’s Hong Kong operations continued to deliver good results that offset one-off fines; it also raised its dividend payout. Australia’s QBE Insurance expects its insurance profit margin to rise to 11% this year from 8% in 2012. The Philippines’ Ayala Land raised 12.2 billion pesos via a share placement for expansion.
The weakness in early March serves as a timely reminder that structural issues in Europe remain unresolved and that market sentiment can change quickly. While economic fundamentals in Asia are more robust and corporate profits are generally on a growth trajectory, we cannot count on similar levels of capital inflows in the coming months to buttress asset prices. Within the region, worsening tensions on the Korean peninsula and India’s messy coalition politics will also weigh on investors’ minds. However, valuations are still reasonable and optimism prevails among the companies that we hold.
Source: Monthly Factsheet Aberdeen Asset Managers Limited