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 WarningPast Performance
Past performance is no guide to future performance.
See latest monthly factsheet below for performance history.
Daily Data
At close 17-May-2012
Ord| Price | 771.25p |
| NAV | 841.26p |
| Prem/-Disc | -8.32% |
| Net Dividend Yield | 1.94% |
Source: Morningstar
NAV = Net Asset Value
Literature
Trust Details
Aberdeen New Dawn Investment Trust PLC
Registered Office:
Bow Bells House,
1 Bread Street,
London
EC4M 9HH
Registered in England and Wales as an Investment Company Number 2377879
Aberdeen New Dawn Investment Trust PLC
Objective
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).
Aberdeen's investment approach: An eye for potential, an ear to the ground
December 2011
Manager's Monthly Report
April 2012
Market Review
Asian stock markets generally fell in March as China’s economic momentum decelerated further and triggered worries over the health of the global economy. However, the losses were capped by hopes that the Federal Reserve would maintain loose monetary policy, and as the US economy improved.
Economic data were mixed. Anaemic European demand hurt exports from China, Malaysia and Thailand, whereas Korea, Singapore and Taiwan saw electronics shipments improve. Fourth-quarter GDP growth moderated in Australia and Korea.
Inflation eased further but persistently high oil prices threatened to reverse the trend. Most central banks held interest rates unchanged, although India lowered lenders’ cash reserve ratio to improve liquidity.
Portfolio Review
There were no major changes to the portfolio in March.
In portfolio-related news, two Sun Hung Kai directors were arrested for alleged corruption. No further details were provided, but the company said the arrests will not affect operations. Elsewhere, Rio Tinto may divest its diamond business following a strategic review, as it lacks scale and contributed marginally to the group’s earnings last year. Separately, Rio Tinto received an offer for its specialty alumina business from US private equity firm HIG, and completed its US$7 billion share buyback.
Outlook
Looking ahead, sentiment in Asian stock markets is likely to be swayed by the uncertain economic backdrop, particularly in the context of a slowdown in China, Europe’s recurring debt problems and lingering doubts over the sustainability of the US recovery. Over the longer term, however, we remain optimistic about Asia’s prospects, which are undiminished despite these concerns.
Source: Monthly Factsheet Aberdeen Asset Managers Limited