Interim Management Statement

RNS Number : 3074A

Aberdeen All Asia Inv Tst PLC

31 July 2008

 



Aberdeen All Asia Investment Trust PLC

Interim Management Statement

To the members of Aberdeen All Asia Investment Trust PLC ('the Company')

This Interim Management Statement ('IMS') has been produced solely to provide additional information to shareholders as a body to meet the relevant requirements of the UK Listing Authority's Disclosure and Transparency Rules. It should not be relied upon by any other party or for any other purpose.

This IMS relates to the period between 1 April 2008 and its date of publication and contains information that covers this period, unless otherwise specified.

Investment objective

To generate capital growth from a concentrated portfolio of companies domiciled, operating or generating revenue in the Asia Pacific region including Japan.

Benchmark

MSCI All Countries Index Asia Pacific (including Japan).

Material events 

Between 1 April 2008 and 30 June 2008, 99,000 Ordinary shares were bought back for cancellation by the Company which results in a total of 16,174,367 Ordinary shares in issue with voting rights. No shares were bought back between 1 July 2008 and the date of publication of this IMS.

The Board is not aware of any other portfolio transactions or events which have occurred during the period which would have a material impact on the financial position of the Company.

For the latest Manager commentary please refer to the Factsheet published each month on the Company's website, www.all-asia.co.uk where the most recent Net Asset Value ('NAV') of the Company and share price may also be found.

Ten largest equity holdings at 30 June 2008

	%
Aberdeen Global-India Opportunities	8.7
Canon	3.7
Rio Tinto	3.6
Honda Motor	3.5
Samsung Electronics Pref	3.2
Oversea-Chinese Banking Corp	3.1
Mitsubishi Estate	2.7
QBE Insurance	2.7
Takeda Pharmaceutical	2.7
Taiwan Semiconductor	2.6
	__________
Total	36.5
	__________
Total number of investments	56

Country allocation as at 30 June 2008

Country	%
Japan	26.6
Singapore	18.5
Hong Kong	11.6
India	8.7
Korea	8.2
Australia	7.2
Taiwan	5.3
China	3.9
Malaysia	3.8
Thailand	3.7
Philippines	1.4
Cash	1.1
Indonesia	-
New Zealand	-
Pakistan	-
	__________
Total	100.0
	__________

General description of Company's financial position and performance as at 30 June 2008

	£m
Gross Assets	43.0
Debt	3.8
Prior charges	nil
Gearing #	9.7%

# Gearing expressed as a percentage of gross assets divided by shareholders' funds.

Cumulative performance (%)

	As at							Since AAM takeover
	30 June 2008	1 month	3 months	6 months	1 year	3 years*	5 years*	10/11/2006
Share Price	214.5p	(10.3)	0.2	(11.4)	(5.5)	36.6	109.3	0.4
NAV @	241.4p	(10.0)	(2.6)	(11.9)	(4.7)	37.3	104.9	4.6
MSCI AC Asia Pacific (inc. Japan)		(9.3)	(1.5)	(12.2)	(7.7)	32.6	88.0	3.2

@ excludes current year revenue

Discrete performance (%)

30 June	2008	2007	2006	2005	2004
Share Price	(5.5)	13.9	26.9	5.4	45.4
NAV	(4.7)	13.3	27.3	9.2	36.6
MSCI AC Asia Pacific (inc. Japan)	(7.7)	13.4	26.7	11.8	26.8

Total Return; NAV to NAV, Net Income Reinvested, GBP; Share Price Total Return is on a mid-to-mid basis.

Source: Aberdeen Asset Managers, Factset, Financial Times and Fundamental Data.

* Disclosure:

Aberdeen All Asia Investment Trust PLC has been managed by Aberdeen Asset Management PLC since 10 November 2006 and was managed by Gartmore Investment Limited prior to that date. Historical performance (cumulative and discrete) are based on prices and net asset values under Gartmore Investment Limited to 9 November 2006; thereafter Aberdeen Asset Management PLC.

Past performance is not a guide to future performance. The value of shares may go down as well as up and investors may not get back the amount invested.

For Aberdeen All Asia Investment Trust PLC

Aberdeen Asset Management PLC, Secretary

31 July 2008

 

END

 

 

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