Aberdeen New Dawn Investment Trust PLC

Investing in locally chosen, high quality, Asia-Pacific companies


Morningstar rating:
4 out of 5

Daily prices as of 27 May 2022

Share Price 276.00p

Estimated NAV cum income 314.24p

Estimated NAV ex income 310.99p

Dividend Yield 1.6%

Premium / (Discount) to NAV cum income -12.2%

Premium / (Discount) to NAV ex income -11.2%

Source: Morningstar

About us

Find out more about our investment objective, approach, portfolio and performance.

Insights

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How to invest

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Latest news

An update from our investment manager, James Thom - 29 April 2022

We expect continued volatility and uncertainty in the capital markets, until we see some resolution of the Russia-Ukraine crisis. In addition, investors will continue to focus on the pace of monetary policy normalisation, the challenges facing China and Covid-19. However, striking a more positive note, we would point out that trade and banking linkages with Russia and Ukraine are relatively limited and inflation is still mostly benign across Asia and is not constraining policymakers in their ability to support their economies. Meanwhile economic growth and earnings growth is still holding up reasonably well with markets such as India and the Philippines still on course to deliver healthy double-digit earnings growth this year. Moreover, although Covid-19 remains a risk, most of the region is moving towards living with the virus. Given the challenges facing Asia right now, this time is when an active approach to investing makes a difference enabling investors to sidestep parts of the market that are most exposed to risks and uncertainties. ESG is a key part of this active investment approach, particularly when it comes to assessing regulatory risk. We think a quality-focused investment approach – one that will help provide a buffer against rising volatility – is even more important in such times and we favour well-run quality companies with pricing power and ability to pass through cost pressures and weather the difficult conditions.

 

Key people

James Thom

James Thom

Investment Director

Personal Details

Joined the company: August 2010

Nationality: British

Location: Singapore

Education and Experience

James Thom is an investment manager on the Asian Equities Team. James joined the company in 2010 from Actis, the emerging markets Private Equity firm, based in Singapore and covering Southeast Asia.

James graduated with an MBA from INSEAD, an MA from Johns Hopkins University and a BSc from University College London.

Gabriel Sacks

Gabriel Sacks

Investment Director

Chartered Financial Analyst, MA in Land Economy from Cambridge University. Joined the company in 2008 as part of the London-based Global Emerging Markets Equities team and transferred to Asian Equities in 2018.

  • James Thom

    James Thom

    Investment Director

    Personal Details

    Joined the company: August 2010

    Nationality: British

    Location: Singapore

    Education and Experience

    James Thom is an investment manager on the Asian Equities Team. James joined the company in 2010 from Actis, the emerging markets Private Equity firm, based in Singapore and covering Southeast Asia.

    James graduated with an MBA from INSEAD, an MA from Johns Hopkins University and a BSc from University College London.

  • Gabriel Sacks

    Gabriel Sacks

    Investment Director

    Chartered Financial Analyst, MA in Land Economy from Cambridge University. Joined the company in 2008 as part of the London-based Global Emerging Markets Equities team and transferred to Asian Equities in 2018.

donald_workman_250x350

Donald Workman

Chairman

Donald Workman was appointed as an independent non-executive Director of the Company on 1 October 2018. He had an executive career at The Royal Bank of Scotland PLC until 2016 where, over a period of 23 years, he held a number of senior positions which latterly included acting as Executive Chairman of the group’s Asia Pacific business. He was a member of the RBS Group Executive Committee from 2014. He was also an independent non-executive director of Standard Life Private Equity Trust plc between 2006 and 2013. He is currently non-executive Chairman of JCB Finance Limited.

Marion Sears

Marion Sears

Non-Executive Director

Marion Sears had an executive career in stockbroking and investment banking and was latterly a Managing Director of Investment Banking at JPMorgan. She is also a non-executive director of Dunelm Group plc and Fidelity European Trust plc. She is the Senior Independent Director.

Stephen Souchon

Stephen Souchon

Non-Executive Director

Stephen Souchon had an executive career at Morgan Stanley until 2015 where, over a period of 22 years, he held a number of senior positions in the finance function and was latterly head of the EMEA Corporate Financial Control Group. He is a Chartered Accountant and is currently a non-executive director and chair of the Audit Committee of SMBC Nikko Capital Markets Limited and a non-executive director of TD Bank Europe Limited. He is Chairman of the Audit and Risk Committee.

Hugh Young

Hugh Young

Non-Executive Director

Appointed a Director on 11 November 2005, he is a resident of Singapore and is Chairman, Asia Pacific Region at abrdn. Hugh is also a director of Aberdeen New Dawn Investment Trust PLC, Aberdeen Australia Equity Fund Inc., abrdn Asia-Pacific Income Investment Company Limited and The India Fund Inc

Nicole Yuen

Nicole Yuen

Non-Executive Director

Nicole Yuen is a Hong Kong national and a graduate of the University of Hong Kong and Harvard Law School. She had an executive career initially in law and subsequently in equities with UBS and latterly Credit Suisse (Hong Kong) where she was Chief Operating Officer for the Greater China region and subsequently Managing Director, Head of Equities, North Asia until 2018. Nicole is currently a non-executive director of Interactive Brokers Group, Inc. 
  • donald_workman_250x350

    Donald Workman

    Chairman

    Donald Workman was appointed as an independent non-executive Director of the Company on 1 October 2018. He had an executive career at The Royal Bank of Scotland PLC until 2016 where, over a period of 23 years, he held a number of senior positions which latterly included acting as Executive Chairman of the group’s Asia Pacific business. He was a member of the RBS Group Executive Committee from 2014. He was also an independent non-executive director of Standard Life Private Equity Trust plc between 2006 and 2013. He is currently non-executive Chairman of JCB Finance Limited.

  • Marion Sears

    Marion Sears

    Non-Executive Director

    Marion Sears had an executive career in stockbroking and investment banking and was latterly a Managing Director of Investment Banking at JPMorgan. She is also a non-executive director of Dunelm Group plc and Fidelity European Trust plc. She is the Senior Independent Director.

  • Stephen Souchon

    Stephen Souchon

    Non-Executive Director

    Stephen Souchon had an executive career at Morgan Stanley until 2015 where, over a period of 22 years, he held a number of senior positions in the finance function and was latterly head of the EMEA Corporate Financial Control Group. He is a Chartered Accountant and is currently a non-executive director and chair of the Audit Committee of SMBC Nikko Capital Markets Limited and a non-executive director of TD Bank Europe Limited. He is Chairman of the Audit and Risk Committee.

  • Hugh Young

    Hugh Young

    Non-Executive Director

    Appointed a Director on 11 November 2005, he is a resident of Singapore and is Chairman, Asia Pacific Region at abrdn. Hugh is also a director of Aberdeen New Dawn Investment Trust PLC, Aberdeen Australia Equity Fund Inc., abrdn Asia-Pacific Income Investment Company Limited and The India Fund Inc

  • Nicole Yuen

    Nicole Yuen

    Non-Executive Director

    Nicole Yuen is a Hong Kong national and a graduate of the University of Hong Kong and Harvard Law School. She had an executive career initially in law and subsequently in equities with UBS and latterly Credit Suisse (Hong Kong) where she was Chief Operating Officer for the Greater China region and subsequently Managing Director, Head of Equities, North Asia until 2018. Nicole is currently a non-executive director of Interactive Brokers Group, Inc. 

 

Financial calendar

Year End 30 April
Accounts published July
Annual General Meeting September
Dividend Paid January, September

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

Launch Date: May 1989

Risk Warning
Risk warning
The value of investments and the income from them can go down as well as up and you may get back less than the amount invested. Please refer to the relevant Key Information Document (KID) prior to making an investment decision. Please be aware of scams that can affect investors.