Interim Management Statement

RNS Number : 7955M

Aberdeen All Asia Inv Tst PLC

29 August 2013

 



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 2013 and 28 August 2013 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

No shares were bought back by the Company between 1 April 2013 and the date of this IMS.

Following shareholder approval at the Annual General Meeting held on 23 July 2013, a final dividend of 4.75 pence per Ordinary share was paid on 26 July 2013 to shareholders on the register as at 28 June 2013. The ex-dividend date was 26 June 2012.  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 31 July 2013

	Country	%
Oversea-Chinese Banking Corp.	Singapore	4.0
AIA	Hong Kong	3.5
Samsung Electronics	Korea	3.4
Shin-Etsu Chemical	Japan	3.4
Jardine Strategic	Hong Kong	3.3
Standard CharteredA	United Kingdom	3.2
HSBC	Hong Kong	3.1
QBE Insurance	Australia	3.1
Toyota Motor	Japan	3.0
Taiwan Semiconductor	Taiwan	3.0
		__________
Total		33.0
		__________
Total number of investments		53
		__________

^A UK listed stock held

Country allocation as at 31 July 2013 (%)

	Company	Regional Index
	%	%
Japan	23.7	40.9
Hong Kong	18.1	5.7
Singapore	16.4	3.1
Australia	9.1	14.8
India	6.7	3.6
Taiwan	4.6	6.6
China	4.2	10.6
Korea	3.4	8.5
Thailand	3.4	1.5
United Kingdom B	3.2	-
Philippines	2.7	0.6
Malaysia	1.7	2.2
Sri Lanka	1.3	-
Indonesia	1.0	1.7
New Zealand	-	0.2
Cash	0.5	-
	__________	__________
Total	100.0	100.0
	__________	__________

^B Standard Chartered Bank

General description of the Company's financial position and performance as at 31 July 2013

Gross Assets	£63.5m
Debt	£6.1m
Cash	0.3
GearingC	12.8%

^C Gearing expressed as a percentage of gross assets, including current year revenue, divided by shareholders' funds.

Cumulative performance (%)

	As at
	31/7/13	1 month	3 months	6 months	1 year	3 years	5 years
Share Price	367.5	7.5	(2.1)	2.4	24.4	44.8	89.7
NAV C	393.9	0.5	(4.0)	2.1	13.7	31.5	74.7
MSCI AC Asia Pacific (inc. Japan)		1.5	(3.7)	5.5	18.4	24.9	49.7

Discrete performance (%)

Year ending	31/7/13	31/7/12	31/7/11	31/7/10	31/7/09
Share Price	24.4	(1.2)	17.7	24.0	5.6
NAV D	13.7	1.0	14.4	24.0	7.2
MSCI AC Asia Pacific (inc. Japan)	18.4	(6.3)	12.5	15.4	3.9

^D Including 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, Lipper 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

29 August 2013

 

END

 

 

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