Aberdeen New Dawn Investment Trust PLC
» Investment Trust Centre
» UK Home

Investor Warning

Please be aware of scams that can affect investors.

Read our investor warning


NMPI Status

The Company currently conducts its affairs so that securities issued by Aberdeen New Dawn Investment Trust PLC can be recommended by financial advisers to ordinary retail investors in accordance with the FCA’s rules in relation to non-mainstream pooled investment products (NMPIs) and intends to continue to do so for the foreseeable future.

The Company’s securities are excluded from the FCA’s restrictions which apply to non-mainstream investment products because they are securities in an investment trust.


Pre-investment Disclosure Document (PIDD)

The Alternative Investment Fund Manager Directive (“AIFMD”) requires Aberdeen Fund Managers Limited, as the alternative investment fund manager of Aberdeen New Dawn Investment Trust PLC, to make available to investors certain information prior to such investors’ investment in the Company.

The AIFMD is intended to offer increased protection to investors in investment products that do not fall under the existing European Union regime for regulation of investment products known as “UCITS”.

Read the PIDD for Aberdeen New Dawn Investment Trust


Morningstar Ratings

Analyst Rating

Gold Rating

Fund Rating

5 Star Rating

Risk Warning

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

Past Performance

Past performance is not a guide to future results.
See latest monthly factsheet below for performance history.


Daily Data

At close 15-Sep-2014

Net Dividend Yield1.96%

Source: Morningstar, NAV = Net Asset Value, excluding income.


Trust Details

Aberdeen New Dawn Investment Trust PLC

Registered Office:
Bow Bells House,
1 Bread Street,

Registered in England and Wales as an Investment Company Number 2377879


Aberdeen New Dawn Investment Trust PLC


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).


Aberdeen New Dawn Investment Trust PLC Annual Report for year ended 30 April 2014
James Thom, Senior Investment Manager

In this webcast James Thom gives an update on a wide range of subjects including performance, a sector breakdown, the twenty largest investments and an outlook for the Trust.

Click here to listen to the presentation.



Manager's Monthly Report


Market Review

Asian equities rose in July as markets focused on rosier Chinese economic data, augmented by targeted easing measures and the government redoubling its anti-corruption and reform drive. In Indonesia, Joko Widodo won the presidential election, although his opponent Prabowo Subianto mounted a legal challenge subsequently.

Portfolio Review

There were no major portfolio changes in July.

In portfolio-related news, Samsung Electronics reported weak second-quarter results, led by declining profitability in handsets. This was partially mitigated by good performance in the DRAM business and higher sales of its premium products in display and consumer electronics. Taiwan Semiconductor Manufacturing’s results remained solid on robust wafer demand. Profitability rose to a record following better capacity utilisation. However, management gave a more cautious outlook for 2015.

QBE Insurance announced another profit downgrade as management set aside additional reserves in its Latin American business to buffer against increased workers’ compensation claims. The company was also hit by flood-related claims in the UK. Nonetheless, full-year forecasts were maintained.

Meanwhile, Singapore lender OCBC will now be able to buy all remaining shares and delist Wing Hang, after acquiring 97.5% in the Hong Kong bank. It edged out hedge fund Elliott Management, which had hoped to block the privatisation for a better offer. The deal will allow OCBC to grow in greater China.


Still ample liquidity has helped markets stay relatively resilient, despite the weaker macro environment. A premature tightening of US interest rates, however, could upset this trend. On the flip side, tighter monetary policy would signal a US recovery, which should bode well for the region’s exports. An escalation of violence in Ukraine or a further unravelling of Europe’s banking system could also jolt markets. Nevertheless, we remain optimistic about Asia’s long-term prospects, given rising middle class aspirations. Recent elections have put in place new governments that appear focused on reform. Finances are healthy, despite higher leverage at the consumer level. Corporates are seeing cost cuts aid margin recovery. Valuations remain supportive on both an absolute and a relative basis, and we believe prudent stock-picking will reward the patient investor over the long term.

Source: Monthly Factsheet Aberdeen Asset Managers Limited