Aberdeen New Dawn Invest Trust PLC
30 August 2007
Aberdeen New Dawn Investment Trust PLC
Unaudited Interim Management Statement - 3 months to 31 July 2007
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 2007 to 31
July 2007, 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 period and subsequently global markets have experienced a degree of
turmoil triggered by concerns over the quality of U.S. sub-prime mortgages and
various debt structures sold to investors throughout the world. The Company's
strategy remains unchanged: it continues to invest in quality companies with
strong balance sheets, run by experienced and trustworthy management, and the
region still boasts very strong growth rates. In many ways the Manager regards
the correction in markets as fundamentally healthy after their prolonged rise.
Importantly the Manager has confirmed that the Company's holdings' exposure to
US sub-prime debt and CDOs is minimal.
On 29 August 2007 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); to buy back shares (up to 14.99% of the issued share capital); to
adopt new Articles of Association which allow facilitate electronic
communications with shareholders and to authorise the Company to communicate
electronically with its shareholders.
The Company's final dividend of 5.55p per Ordinary share will be paid on 31
August 2007.
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 July 2007
%
Aberdeen Global-India Opportunities* 13.0
Samsung Electronics Pref 5.3
Oversea-Chinese Banking Corp 3.5
China Mobile 3.3
QBE Insurance 3.3
Swire Pacific B 3.2
PetroChina 3.1
United Overseas Bank 2.8
Ayala Land 2.8
Rio Tinto 2.7
__________
Total 43.0
__________
Total number of investments 53
*excluded for the purposes of calculating the investment management fee.
Country allocation as at 31 July 2007
Country %
Singapore 19.2
Hong Kong 13.6
India 13.0
Korea 12.7
Australia 8.0
China 7.4
Thailand 5.7
Taiwan 5.4
Other Asia 3.5
Malaysia 3.3
Philippines 2.8
Indonesia 2.3
Sri Lanka 1.2
Pakistan 0.3
Cash 1.6
Total 100.0
General description of Company's financial position and performance as at 31
July 2007
£m
Gross Assets 155.5
Debt 6.7
Prior charges -
Gearing* 4.50%
*Gearing is expressed as a percentage of gross assets divided by shareholders'
funds
Cumulative performance (%)
as at
31/07/2007 1 month 3 months 6 months 1 year 3 years 5 years
Share Price 517.0 -0.9 0.5 -0.3 20.4 109.1 191.2
NAV 586.3 2.1 7.9 11.7 31.5 112.6 181.3
MSCI AC Asia 3.3 12.1 20.2 39.2 124.8 167.7
Pacific ex Japan
Discrete performance (%)
31/07/2007 31/07/2006 31/07/2005 31/07/2004 31/07/2003
Share Price 20.4 6.8 62.6 14.6 21.5
NAV 31.5 11.2 45.4 15.2 14.8
MSCI AC Asia Pacific ex 39.2 11.6 44.7 7.2 11.0
Japan
Total Return; NAV to NAV, Net Income Reinvested, GBP
Source: Aberdeen Asset Managers Limted, 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
30 August 2007
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.
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