Interim Management Statement

RNS Number : 3238Z

Aberdeen New Dawn Invest Trust PLC

14 March 2012

 



Aberdeen New Dawn Investment Trust PLC

Unaudited Interim Management Statement - 3 months to 31 January 2012

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 2011 to 31 January 2012, 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

The Company announced its Half-Yearly Results on 14 December 2011, and the Half-Yearly Report was posted to shareholders on 22 December 2011.

The borrowings at the period end represented HKD154.1m (the equivalent of £12.60m) drawn in Hong Kong Dollars and GBP £2.5m (total GBP equivalent £15.10m). 

Ten largest equity holdings at 31 January 2012

	%
Aberdeen Global-Indian EquityA	11.8
Samsung Electronics  Pref	4.3
Jardine Strategic	4.3
Oversea-Chinese Banking Corp.	4.2
Rio TintoB	3.8
Taiwan Semiconductor	3.7
Standard CharteredB	3.3
QBE Insurance
Swire Pacific	2.9
PetroChina	2.9
Total	44.3

Source: Aberdeen Asset Managers Limited

^AExcluded for the purposes of calculating the investment management fee.

^B UK listed

Country allocation as at 31 January 2012

Country	%
Hong Kong	21.5
Singapore	16.9
India	12.9
Australia	11.3
Korea	6.6
Taiwan	5.5
Thailand	5.0
China	4.8
United Kingdom	4.3
Sri Lanka	2.9
Malaysia	2.4
Other Asia	2.3
Philippines	2.2
Indonesia	1.4
Pakistan	0.1
Cash	(0.1)
Total	100.0

Source: Aberdeen Asset Managers Limited

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

	£m
Gross Assets	234.4
Debt	15.1
Prior charges	NIL
Gearing*	6.9%

Source: Aberdeen Asset Managers Limited

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

Cumulative performance (%)

	as at	1 month	3 months	6 months	1 year	3 years	5 years
	31/01/2012
Share Price	773.0p	6.7	3.3	-8.5	-11.6	105.7	59.1
NAVD	867.1p	8.5	4.2	-4.3	-3.5	113.0	75.5
MSCI AC Asia Pacific ex Japan		8.6	3.9	-5.2	-4.1	89.6	59.0

Discrete performance (%)

Year ending:	31/01/2012	31/01/2011	31/01/2010	31/01/2009	31/01/2008
Share Price	-11.6	42.9	62.9	-22.8	0.1
NAVD	-3.5	34.7	63.8	-28.1	14.5
MSCI AC Asia Pacific ex Japan	-4.1	24.8	58.4	-29.5	18.9

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. NAV returns based on NAVs with debt valued at par.

^DExcluding current year revenue.

Source: Aberdeen Asset Managers Limited, Factset and Morningstar.

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

14 March 2012

 

END

 

 

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