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 {{asOfDate}}

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Latest news

An update from our investment manager, James Thom - 22 October 2020

We remain cautious and expect stock markets to stay volatile as we head into the final quarter of the year. We have seen a resurgence of Covid-19 in parts of the world, alongside uncertainty over the timeline of a potential vaccine. In addition, we anticipate more noise in the run-up to the US presidential election on Nov 3, amid fractious relations between China and the US. Tensions between the world’s two largest economies have spilled over from trade to other areas such as technology. We are also seeing increased regulatory scrutiny of Chinese companies listed in the US. Against such a backdrop, we expect governments and central banks to continue to shore up economies, which would be supportive of markets. 

While Asian stock valuations have risen from their March lows, we still see pockets of value, for instance, in banks and real estate. Scratching beneath the surface, country and sector divergences are set to become more pronounced as we progress through the economic recovery. In the longer term, the post-Covid-19 world could accelerate existing trends to which many of our portfolio holdings already have significant exposure. These trends include Asia’s increasing urbanisation and infrastructure needs, growing demand for healthcare and wealth management, as well as global shifts towards cloud computing, electric vehicles and 5G. We see promising prospects for quality Asian stocks with solid fundamentals that stand to benefit from the region’s structural growth.

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

    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

    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.

Susie Rippingall

Susie Rippingall

Non-Executive Director

Susie Rippingall has over 25 years of fund management experience in Asian markets and was, until 2013, portfolio manager of Scottish Oriental Smaller Companies Trust Plc. She is currently a non-executive director of Sovereign Asset Management Limited, NTAsian Discovery Fund and NTAsian Emerging Leaders Fund.
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.

Hugh Young

Hugh Young

Managing Director, Asia Pacific Region

BA in Politics from Exeter University. Started investment career in 1980. In charge of ASI’s Far East funds since 1985. He is managing director of Aberdeen Standard Investments (Asia) Limited, responsible for all the Standard Life Aberdeen Group's investments in Asia.

He is also a director of Aberdeen Asian Income Fund Limited, Aberdeen Standard Asia Focus PLC (alternate) and The India Fund Inc.

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 was also the Audit Committee Chair of Morgan Stanley's Spanish wealth management subsidiary and its Russian bank and broker dealer. He is Chairman of the Audit Committee.
  • 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.

  • Susie Rippingall

    Non-Executive Director

    Susie Rippingall has over 25 years of fund management experience in Asian markets and was, until 2013, portfolio manager of Scottish Oriental Smaller Companies Trust Plc. She is currently a non-executive director of Sovereign Asset Management Limited, NTAsian Discovery Fund and NTAsian Emerging Leaders Fund.
  • 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.

  • Hugh Young

    Managing Director, Asia Pacific Region

    BA in Politics from Exeter University. Started investment career in 1980. In charge of ASI’s Far East funds since 1985. He is managing director of Aberdeen Standard Investments (Asia) Limited, responsible for all the Standard Life Aberdeen Group's investments in Asia.

    He is also a director of Aberdeen Asian Income Fund Limited, Aberdeen Standard Asia Focus PLC (alternate) and The India Fund Inc.

  • 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 was also the Audit Committee Chair of Morgan Stanley's Spanish wealth management subsidiary and its Russian bank and broker dealer. He is Chairman of the Audit Committee.

 

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.