Interim Management Statement

RNS Number : 5566W

Aberdeen All Asia Inv Tst PLC

31 July 2009

 



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 2009 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 

Following shareholder approval at the Annual General Meeting held on 28 July 2009, a final dividend of 2.40 pence per Ordinary share was paid on 31 July 2009 to shareholders on the register as at 3 July 2009. The ex-dividend date was 1 July 2009. All other resolutions put to shareholders at the Annual General Meeting were approved.

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 2009

	%
Aberdeen Global-India Opportunities	12.3
Oversea-Chinese Banking Corp.	3.3
Jardine Strategic Holdings	3.1
Samsung Electronics	3.0
Canon	3.0
Swire Pacific 'B'	2.9
Mitsubishi Estate	2.9
QBE Insurance	2.6
PetroChina	2.6
Honda Motor	2.6
	__________
Total	38.3
	__________
Total number of investments	48

Country allocation as at 30 June 2009

Country	%
Japan	23.7
Singapore	21.7
Hong Kong	12.3
India	12.3
Korea	5.2
China	4.9
Australia	4.8
Thailand	3.9
Malaysia	3.8
Taiwan	3.8
Philippines	1.7
New Zealand	-
Indonesia	-
Cash	1.9
	__________
Total	100.0
	__________

General description of Company's financial position and performance as at 30 June 2009

Gross Assets	£39.1m
Debt	3.2
Prior charges	Nil
Gearing #	8.9%

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

Cumulative performance (%)

	As at
	30 June 2009	1 month	3 months	6 months	1 year	3 years*	5 years*
Share Price	202.8p	(0.9)	22.1	21.0	(5.5)	1.8	36.1
NAV @	225.2p	(1.8)	18.3	9.6	(6.7)	0.7	39.9
MSCI AC Asia Pacific		(0.8)	11.6	2.0	(6.1)	(1.8)	39.1

@ excludes current year revenue

Discrete performance (%)

Year ending 30 June	2009	2008	2007	2006	2005
Share Price	(5.5)	(5.5)	13.9	26.9	5.4
NAV	(6.7)	(4.7)	13.3	27.3	9.2
MSCI AC Asia Pacific (inc. Japan)	(6.1)	(7.7)	13.4	26.7	11.8

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 2009

 

END

 

 

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