Interim Management Statement

RNS Number : 2321W

Aberdeen All Asia Inv Tst PLC

23 January 2013

 



Aberdeen All Asia Investment Trust PLC

Interim Management Statement

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

Aberdeen All Asia Investment Trust PLC today issues its Interim Management Statement for the period 1 October 2012 to 23 January 2013 in accordance with the requirements of the UK Listing Authority's Disclosure and Transparency Rules.

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

No shares were bought back by the Company between 1 October 2012 and the date of this IMS.

On 30 November 2012, the Company sent its Half-yearly Report for the six months to 30 September 2012 to shareholders.

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 31 December 2012

	Country	%
Oversea-Chinese Banking Corp.	Singapore	3.8
Samsung Electronics	Korea	3.7
Canon	Japan	3.5
Standard CharteredA	United Kingdom	3.5
Jardine Strategic	Hong Kong	3.3
Shin-Etsu Chemical	Japan	3.2
Rio TintoA	Australia	3.2
Taiwan Semiconductor	Taiwan	2.9
HSBC	Hong Kong	2.8
AIA	Hong Kong	2.8
		__________
Total		32.7
		__________
Total number of investments		52
		__________

^A UK listed stock held.

Country allocation as at 31 December 2012

	Company	Regional Index
	%	%
Japan	22.1	36.1
Hong Kong	17.6	5.7
Singapore	16.3	3.4
Australia	9.5	16.1
India	7.4	4.2
China	4.7	11.7
Taiwan	4.4	6.8
Korea	3.7	9.8
Thailand	3.5	1.6
United Kingdom	3.5	-
Philippines	2.6	0.6
Malaysia	1.7	2.2
Sri Lanka	1.1	-
Indonesia	0.7	1.7
New Zealand	-	0.2
Cash	1.2	-
	__________	__________
Total	100.0	100.0
	__________	__________

General description of the Company's financial position and performance as at 31 December 2012

Gross Assets	£60.2m
Debt	£5.8m
Cash	£0.6m
Ongoing chargesB	1.3%
Net gearingC	9.6%

^B Expressed as a percentage of average monthly net assets.

^CNet gearing is expressed as a percentage of gross assets (including current year revenue) less cash/cash equivalents, divided by shareholders' funds.

Cumulative performance (%)

	As at
	31/12/12	1 month	3 months	6 months	1 year	3 years	5 years
Share Price	331.5p	7.5	4.1	14.5	26.4	38.9	43.3
NAVD	368.4p	2.4	5.0	8.2	20.1	33.4	39.8
MSCI AC Asia Pacific (inc. Japan)		2.4	5.2	8.0	11.9	16.0	15.1

Discrete performance (%)

Year ending	31/12/12	31/12/11	31/12/10	31/12/09	31/12/08
Share Price	26.4	(14.3)	28.2	49.1	(30.8)
NAVD	20.1	(13.8)	28.8	39.7	(25.0)
MSCI AC Asia Pacific	11.9	(14.3)	20.9	22.7	(19.2)

^D Excluding current year revenue.

Total return; NAV to NAV, net income reinvested, GBP.  Share price total return is on a mid-to-mid basis. Dividend calculations are to reinvest as at the ex-dividend date.

Source: Aberdeen Asset Managers Limited, Factset and Morningstar.

Please note that past performance is not necessarily 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.

* Neither the Company's website nor the content of any website accessible from hyperlinks on it (or any other website) is (or is deemed to be) incorporated into, or forms (or is deemed to form) part of this announcement.

For Aberdeen All Asia Investment Trust PLC

Aberdeen Asset Management PLC, Secretary

23 January 2013

 

END

 

 

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