Interim Management Statement

RNS Number : 0594Q

Aberdeen All Asia Inv Tst PLC

28 July 2010

 



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 2010 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 27 July 2010, a final dividend of 1.50 pence per Ordinary share will be paid on 30 July 2010 to shareholders on the register as at 2 July 2010. The ex-dividend date was 30 June 2010.  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 2010

	Country	%
Jardine Strategic Holdings	Hong Kong	3.6
Canon	Japan	3.5
Oversea-Chinese Banking Corp.	Singapore	3.4
Takeda Pharmaceutical	Japan	3.3
Samsung Electronics	Korea	3.0
Standard Chartered	Hong Kong	2.9
Swire Pacific 'B'	Hong Kong	2.9
Fanuc	Japan	2.9
HDFC	India	2.7
Uni-Charm Corp.	Japan	2.7
		__________
Total		30.9
		__________
Total number of investments		53

Country allocation as at 30 June 2010 (%)

Country	Company	Regional index
Japan	22.4	41.7
Hong Kong	17.7	4.6
Singapore	16.1	3.0
India	11.8	5.1
Australia	8.2	14.5
Korea	5.4	8.2
China	4.7	11.6
Malaysia	3.9	1.8
Thailand	3.9	0.9
Taiwan	3.7	6.6
Philippines	1.9	0.3
New Zealand	-	0.2
Indonesia	-	1.5
Cash	0.3	-
	__________	__________
Total	100.0	100.0
	__________	__________

General description of Company's financial position and performance as at 30 June 2010

Gross Assets	£47.8m
Debt	2.4
Prior charges	Nil
Gearing #	5.3%

# Gearing expressed as a percentage of gross assets, which includes current year revenue, divided by shareholders' funds.

Cumulative performance (%)

	As at							Since AAM takeover 10/11/06
	30 June 2010	1 month	3 months	6 months	1 year	3 years	5 years
Share Price	254.8p	(3.1)	(9.5)	3.9	27.9	14.2	65.2	21.3
NAV @	305.6p	0.7	(2.2)	8.1	37.8	22.5	76.5	34.5
MSCI AC Asia Pacific		(3.3)	(8.1)	2.3	23.2	6.7	53.2	19.3

Discrete performance (%)

Year ending:	30/06/10	30/06/09	30/06/08	30/06/07	30/06/06
Share Price	27.9	(5.5)	(5.5)	13.9	26.9
NAV @	37.8	(6.7)	(4.7)	13.3	27.3
MSCI AC Asia Pacific	23.2	(6.1)	(7.7)	13.4	26.7

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 and Morningstar.

@ Excluding current year revenue.

Disclosure:

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

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

For Aberdeen All Asia Investment Trust PLC

Aberdeen Asset Management PLC, Secretary

28 July 2010

 

END

 

 

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