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}}

{{item.label}} {{item.value}} {{item.unit}}

Latest news

An update from our investment manager, James Thom – 28 July 2020

We are cautious about the near-term outlook for Asia, given the disconnect between equity prices and economic and corporate fundamentals. With the pace of recovery still highly uncertain, a pullback may be due. Governments are grappling with the delicate balancing act of re-opening economies while avoiding a resurgence in Covid-19 infections. Already, several countries have re-imposed curbs, and a return to widespread containment measures will surely stymie the fragile recovery. Complicating matters further is the spike in US-China tensions, with the rift broadening out from trade to other areas. Notably, we are paying close heed to the rivalry in technology, which could disrupt smartphone supply chains and delay the rollout of 5G networks. In such a climate, it is no surprise that the outlook for corporate earnings is muted. Many companies have lowered their profit forecasts, while dividend and capital spending cuts seem likely as well. 

Therefore, our focus remains on investing in companies with the quality to weather the current storms. We believe our holdings’ defensive traits, including balance sheet strength, visible revenue streams and healthy profit margins, will be invaluable. We also favour market-leading businesses with exposure to structural drivers of growth in Asia. This encompasses trends that have boomed during the pandemic, such as e-commerce and online activity, alongside longer-term shifts, including rising demand for healthcare and infrastructure. Thus, we will take advantage of market gyrations, putting capital to work in our highest-conviction positions while exiting names with declining prospects.

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.

John Lorimer

John Lorimer

Non-Executive Director

John Lorimer held a number of management positions in Citigroup prior to joining Standard Chartered Bank where he was Group Head of Finance and latterly Group Head of Compliance and Regulatory Risk. He is also Chairman of Bupa (Asia) Limited, and a director of BUPA Australia Limited and Bank of Queensland Limited. He is Chairman of the Audit and Risk Committee and the Management Engagement Committee.

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.

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.
  • 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.

  • John Lorimer

    Non-Executive Director

    John Lorimer held a number of management positions in Citigroup prior to joining Standard Chartered Bank where he was Group Head of Finance and latterly Group Head of Compliance and Regulatory Risk. He is also Chairman of Bupa (Asia) Limited, and a director of BUPA Australia Limited and Bank of Queensland Limited. He is Chairman of the Audit and Risk Committee and the Management Engagement Committee.

  • 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.

  • 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.

 

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. The tax benefits relating to ISA investments may not be maintained. Investors should review the relevant Key Information Document (KID) brochure prior to making an investment decision.
Read the detailed risk warning 
Investor warning: Please be aware of scams that can affect investors. Read the full investor risk warning