Aberdeen New Dawn Invest Trust PLC
11 March 2008
Aberdeen New Dawn Investment Trust PLC
Unaudited Interim Management Statement - 3 months to 31 January 2008
To the members of Aberdeen New Dawn Investment Trust PLC
This unaudited interim management statement 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 interim management statement relates to the period from 1 November 2007 to
31 January 2008, and contains information that covers this period, and up to the
date of publication of this interim management statement, unless otherwise
specified.
Investment objective
To provide shareholders with a high level of capital growth through equity
investment in the Asia Pacific countries excluding Japan.
Benchmark
MSCI AC Asia Pacific ex Japan (Sterling adjusted). This benchmark includes
Australia and New Zealand.
Material events
During the 3 month period to end January 2008, the Company purchased 432,731
Ordinary 25p shares for treasury. Since 31 January 2008 until the date of this
announcement a further 35,000 Ordinary shares have been purchased for treasury.
Accordingly, as at the date of this announcement, the Company's issued share
capital is 24,919,402 Ordinary shares.
The borrowings at the period end represented the equivalent of £9.7m drawn in
Hong Kong Dollars. Subsequent to the period end the HKD borrowings of HKD150.1m
were rolled forward for one month at an all in rate of 3.1%.
For latest NAV and share price information please refer to the trust's website,
www.newdawn-trust.co.uk.
Ten largest equity holdings at 31 January 2008
%
Aberdeen Global-India Opportunities* 13.1
Samsung Electronics Pref 4.8
Rio Tinto 3.7
Swire Pacific B 3.6
QBE Insurance 3.2
United Overseas Bank 3.2
Oversea-Chinese Banking Corp 3.1
Taiwan Semiconductor 2.7
Sun Hung Kai Properties 2.6
Ayala Land 2.6
__________
Total 42.6
__________
Total number of investments 54
__________
*excluded for the purposes of calculating the investment management fee.
Country allocation as at 31 January 2008
Country %
Singapore 20.5
Hong Kong 14.6
India 13.1
Korea 11.0
Australia 8.3
Taiwan 6.9
Thailand 5.3
China 5.2
Malaysia 3.9
Other Asia 3.2
Philippines 2.6
Indonesia 2.1
Sri Lanka 1.2
Pakistan 0.5
New Zealand 0.0
Cash 1.6
__________
Total 100.0
__________
General description of Company's financial position and performance as at 31
January 2008
£m
Gross Assets 158.2
Debt 9.7
Prior charges -
Gearing* 6.50%
*Gearing is expressed as a percentage of gross assets divided by shareholders'
funds
Cumulative performance (%)
as at 1 3 6 1 3 5
31/01/2008 month months months year years years
Share Price 513.5 -9.4 -9.7 0.4 0.1 57.2 212.8
NAV 595.1 -9.7 -8.0 2.5 14.5 84.8 219.9
MSCI AC Asia Pacific ex Japan -12.4 -17.2 -1.0 18.9 82.2 188.8
Discrete performance (%)
31/01/2008 31/01/2007 31/01/2006 31/01/2005 31/01/2004
Share Price 0.1 6.0 48.1 17.2 69.9
NAV 14.5 10.8 45.7 11.5 55.3
MSCI AC Asia Pacific ex Japan 18.9 12.1 36.7 15.2 37.6
Total Return; NAV to NAV, Net Income Reinvested, GBP
Source: Aberdeen Asset Managers Limited, Factset, Financial Times and
Fundamental Data
Please note that past performance is not necessarily a guide to the future and
that the value of investments and the income from them may fall as well as rise.
Investors may not get back the amount they originally invested.
For Aberdeen New Dawn Investment Trust PLC
Aberdeen Asset Management PLC, Secretary
11 March 2008
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.