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Aberdeen New Dawn Investment Trust PLC

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


Morningstar rating:
4 out of 5
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Daily prices as of 22 Jun 2021

Share Price 324.00p

Estimated NAV cum income 367.16p

Estimated NAV ex income 363.83p

Dividend Yield 1.3%

Premium / (Discount) to NAV cum income -11.8%

Premium / (Discount) to NAV ex income -11.0%

Latest news

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

The new waves of Covid-19 infections and rising inflation are emerging as causes for concern. We believe the potential disruption to the economic recovery from the recent flare-up in Covid-19 cases is unlikely to be as severe as last year. That said, given the amount of slack in the global economy, we expect major central banks to keep policy loose for now. This underpins the recovery story, along with reasonably attractive valuations for Asian stocks compared to developed markets.

In an environment of rising inflation and input costs, companies with stronger pricing power, such as those that we hold, should fare better. They will likely be able to pass costs through to customers and protect margins. We are watchful of macroeconomic developments and monitor their potential impact on the portfolio through earnings and company guidance. Nonetheless, we invest based on a long-term horizon. We believe many of the changes sparked by the pandemic are here to stay, including faster adoption of cloud computing and e-commerce. In addition, Asia’s burgeoning middle class will fuel rising demand for healthcare services and wealth management, while the region’s urbanisation and infrastructure needs remain vast. We remain focused on quality Asian companies that are best-placed to capitalise on these structural growth opportunities.

Listen to our manager James's latest podcast
Latest QuotedData research note
Read the Company's latest Regulatory News Service (RNS) announcements

Key people

James Thom

James Thom

Investment Director

Personal Details

Joined AAM: August 2010

Nationality: British

Location: Singapore

Education and Experience

James Thom is an investment manager on the Asian Equities Team. James joined Aberdeen 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 ASI 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 AAM: August 2010

    Nationality: British

    Location: Singapore

    Education and Experience

    James Thom is an investment manager on the Asian Equities Team. James joined Aberdeen 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 ASI 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 Values plc. She is the Senior Independent Director.

Stephen Souchon

Stephen Souchon

Non-Executive Director

Stephen Souchon is a Chartered Accountant and a non-executive director and Chair of the Audit Committee of SMBC Nikko Capital Markets Limited. He had an executive career at Morgan Stanley until 2015 where he was latterly Head of the EMEA Corporate Financial Control Group. He was a non-executive director and Chair of the Audit Committee of Morgan Stanley's Swiss Bank during which time he oversaw the development of the Swiss wealth management business within Asia. He is Chairman of the Audit 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.

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 Values plc. She is the Senior Independent Director.

  • Stephen Souchon

    Stephen Souchon

    Non-Executive Director
    Stephen Souchon is a Chartered Accountant and a non-executive director and Chair of the Audit Committee of SMBC Nikko Capital Markets Limited. He had an executive career at Morgan Stanley until 2015 where he was latterly Head of the EMEA Corporate Financial Control Group. He was a non-executive director and Chair of the Audit Committee of Morgan Stanley's Swiss Bank during which time he oversaw the development of the Swiss wealth management business within Asia. He is Chairman of the Audit 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.

  • 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.