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 22 Oct 2021

Share Price 320.00p

Estimated NAV cum income 264.06p

Estimated NAV ex income .00p

Dividend Yield {dividendyield}%

Premium / (Discount) to NAV cum income -12.5%

Premium / (Discount) to NAV ex income 0.0%

Annual General Meeting (AGM) and Online Shareholder Presentation

On Thursday 19th August, Aberdeen New Dawn Investment Trust PLC hosted an online presentation for shareholders to raise questions ahead of the AGM. This online event took the form of a short introduction from the Chairman, followed by a more detailed presentation from the portfolio managers, James Thom and Gabriel Sacks. The post-event recording is available to watch now below.

Latest news

An update from our investment manager, James Thom - 21 September 2021

Despite renewed outbreaks of Covid-19, regulatory pressures, particularly in China, and niggling worries over inflation and rising rates, we see reasons to be optimistic about Asian equities. While regulatory risks persist in China, we believe the authorities want to strike a good balance between promoting innovation and achieving its political goals. In particular, we prefer high-quality companies that have strong links to domestic consumption. Being in line with the strategic aims of Chinese authorities, the sector should be better positioned to withstand regulatory headwinds.

Meanwhile, US-China geopolitical tensions will continue to drive China’s push for self-sufficiency, which in turn presents investment opportunities, whether in the domestic consumption sector, tech, or green energy. We continue to position our portfolio around structural growth themes such as these that will weather the near-term uncertainties. Lastly, despite coronavirus-related disruptions, corporate earnings growth across Asia remains likely to rebound this year, led in particular by the robust tech hardware sector.

Vaccination rates are now accelerating across the region and should gradually lead to easing restrictions and further economic reopening. This would help mitigate inflationary pressures tied to near-term supply chain bottlenecks. As stock-pickers, we remain focused on companies with pricing power and the ability to pass through cost pressures.

 
 

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

Hugh Young is the Chairman for Aberdeen Standard Investments business in Asia. He was previously the Head of Asia Pacific for Aberdeen Standard Investments, a main board director and Head of Investments for Aberdeen Asset Management (before its merger with Standard Life plc). Hugh joined the company in 1985 to manage Asian equities from London, having started his investment career in 1980. He founded Singapore-based ASI Asia in 1992 as the regional headquarters. Hugh is a director of a number of group subsidiary companies and group-managed investment trusts and funds. Hugh graduated with a BA (Hons) in Politics from Exeter University. He is also a director of Aberdeen Asian Income Fund 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

    Hugh Young is the Chairman for Aberdeen Standard Investments business in Asia. He was previously the Head of Asia Pacific for Aberdeen Standard Investments, a main board director and Head of Investments for Aberdeen Asset Management (before its merger with Standard Life plc). Hugh joined the company in 1985 to manage Asian equities from London, having started his investment career in 1980. He founded Singapore-based ASI Asia in 1992 as the regional headquarters. Hugh is a director of a number of group subsidiary companies and group-managed investment trusts and funds. Hugh graduated with a BA (Hons) in Politics from Exeter University. He is also a director of Aberdeen Asian Income Fund 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.