Interim Management Statement

RNS Number : 6532K

Aberdeen New Dawn Invest Trust PLC

23 August 2012

 



Aberdeen New Dawn Investment Trust PLC

Unaudited Interim Management Statement - 3 months to 31 July 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 May 2012 to 31 July 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

On 22 August 2012, the Company held its Annual General Meeting at which all resolutions were passed.  The special business included resolutions to allow the Company to issue shares (up to 10% of the issued share capital without pre-emption) and to buy back shares (up to 14.99% of the issued share capital).

The Company's first and final dividend of 16.50p per Ordinary share was approved by shareholders and will be paid on 24 August 2012.

Ten largest equity holdings at 31 July 2012

	Country	%
Aberdeen Global-India EquityA	India	10.4
Samsung Electronics Pref	Korea	4.9
Oversea-Chinese Banking Corp.	Singapore	4.4
Jardine Strategic	Hong Kong	4.1
QBE Insurance	Australia	4.0
Taiwan Semiconductor	Taiwan	3.5
Rio Tinto B	Australia	3.2
United Overseas Bank	Singapore	3.1
Swire Pacific	Hong Kong	3.0
Standard Chartered	UK	2.9
Total		43.5

Source: Aberdeen Asset Managers Limited

^A excluded for the purposes of calculating the investment management fee.

^B UK listed.

Country allocation as at 31 July 2012

Country	%	Regional Index %
Hong Kong	22.1	8.6
Singapore	18.7	5.6
Australia	11.6	26.1
India	11.5	6.3
Korea	6.6	15.3
Taiwan	5.4	10.6
China	4.4	17.6
Thailand	4.2	2.2
United Kingdom	4.1	-
Philippines	2.7	0.9
Malaysia	2.4	3.6
Sri Lanka	2.3	-
Other Asia	2.3	-
Indonesia	1.4	2.8
New Zealand	-	0.4
Cash	0.3	-
Total	100.0	100.0

Source: Aberdeen Asset Managers Ltd

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

	£m
Gross Assets	251.5
Debt	20.7
Prior charges	NIL
GearingC	9.0%

Source: Aberdeen Asset Managers Ltd

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

Cumulative performance (%)

	as at 31/07/12	1 month	3 months	6 months	1 year	3 years	5 years
Share Price	816.0p	5.1	0.8	5.6	-3.4	50.8	68.4
NAVD	905.2p	3.9	1.7	4.4	-0.1	55.1	63.9
MSCI AC Asia Pacific ex Japan		4.0	0.4	0.1	-5.2	34.8	32.4

Discrete performance

	31/07/12	31/07/11	31/07/10	31/07/09	31/07/08
Share Price	-3.4	16.0	34.6	15.6	-3.4
NAVD	-0.1	15.4	34.6	11.3	-5.1
MSCI AC Asia Pacific ex Japan	-5.2	15.7	22.9	7.7	-8.8

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.

Source: Aberdeen Asset Managers Limited, Factset and Morningstar.

^DExcluding current year revenue.

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

23 August 2012

 

END

 

 

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