Interim Management Statement

RNS Number : 6404B

Schroder AsiaPacific Fund PLC

19 August 2008

 

SCHRODER ASIAPACIFIC FUND PLC

Interim Management Statement for the Quarter Ended 30 June 2008

Investment Objective

The Company's investment objective is to achieve capital growth through investment primarily in equities of companies located in the continent of Asia (excluding the Middle East and Japan), together with the Far Eastern countries bordering the Pacific Ocean (excluding Australasia), with the aim of achieving growth in excess of the MSCI All Countries Far East (Free) excluding Japan Index in sterling (Benchmark Index) over the longer term.

Company Statistics as at 30 June 2008

Gross Assets	£313.6 million
Net Asset Value per ordinary share (Ex Income)	165.49p
Net Asset Value per ordinary share (Cum Income)	166.51p
Share price	147.50p
Premium/Discount	(10.87)%
Number of holdings	101
Net Gearing	4.83%
Yield	1.02%

Cumulative Performance to 30 June 2008

Performance over	3 m (%)	6 m (%)	1yr (%)
Share Price (Total Return)	(3.9)	(18.4)	(7.9)
Net Asset Value (Total Return)	(5.2)	(20.0)	(8.4)
MSCI AC Far East (Free) ex Japan Index	(6.5)	(18.2)	(3.7)

Data Source: Fundamental Data. 

Portfolio Information as at 30 June 2008

Ten Largest Holdings 

Stock Name	Country	Percentage of NAV
Jardine Strategic	Singapore	3.83
Taiwan Semi-conductor Manufacturing	Taiwan	3.68
Cathay Financial Holding	Taiwan	3.65
Swire Pacific A	Hong Kong	3.44
Jardine Matheson	Hong Kong	3.41
Niko Resources	Canada	3.35
Samsung Electronics	Korea	3.16
KT & G	Korea	2.98
Samsung Fire & Marine Insurance	Korea	2.89
Industrial & Commercial Bank of China	China	2.37

Country Allocation         

Country	Percentage of NAV
Hong Kong	28.17
Korea	18.23
Singapore	15.40
Taiwan	13.59
China	9.03
Indonesia	5.85
Philippines	4.67
Canada	3.47
India	2.23
Thailand	1.58
Malaysia	1.36

Material Events or Transactions

There have been no material events or transactions that have taken place between 1 April 2008 and the date of publication of this Statement.  

Changes to Share Capital during the Quarter Ended 30 June 2008

	Issued Ordinary shares of 10p each
As at 1 April 2008	167,189,762
Shares issued during the period Shares bought back and cancelled during the period	Nil Nil
Shares remaining in issue as at 30 June 2008	167,189,762

Company Information as at 30 June 2008

SEDOL Code	0791887
Sector	Equity Investment Instruments
Launch Date	November 2005
Financial Year End	30 September

Enquiries:

John Spedding

Schroder Investment Management Limited

Company Secretary

Tel: [phone]

19 August 2008

 

END

 

 

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