Interim Management Statement
SCHRODER ASIAPACIFIC FUND PLC
Interim Management Statement for the Quarter ended 31 December 2008
The Board of Schroder AsiaPacific Fund Plc ('the Company') is pleased to announce its Interim Management Statement as required by the UK Listing Authority's Disclosure and Transparency Rules. This Statement is in respect of the period from 1 October 2008 to 31 December 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 31 December 2008
|
Gross Assets |
£220.78 million |
|
Net Asset Value per Ordinary Share (ex income) |
121.53p |
|
Share Price |
110.00p |
|
Discount |
9.5% |
|
Number of Holdings |
83 |
|
Net Effective Gearing |
1.72% |
|
Yield |
2.18% |
Cumulative Performance to 31 December 2008 (%)
|
*Performance over |
3 m |
6 m |
1yr |
|
Share Price (Total Return) |
(0.5) |
(23.8) |
(37.8) |
|
Net Asset Value (Total Return) |
(6.0) |
(25.1) |
(40.1) |
|
MSCI AC Far East Free (ex Japan) |
(1.3) |
(16.0) |
(31.3) |
All Performance Data Source: Fundamental Data.
*£ equivalent.
Portfolio Information as at 31 December 2008
Ten Largest Holdings
Stock Name Country Percentage of NAV (%)
Samsung Electronics Korea 6.26
Swire Pacific Hong Kong 5.36
Taiwan Semiconductor Manufacturing Taiwan 4.36
Jardine Strategic Singapore 4.32
China Mobile Hong Kong 4.24
Jardine Matheson Hong Kong 3.74
China Unicom Hong Kong 3.03
KT & G Korea 2.99
Ping An Insurance China 2.93
Cairn India Promisory Note 24/10/12 India 2.48
Country Allocation
Country Percentage of NAV (%)
Hong Kong 36.25
Korea 16.56
Singapore 12.68
Taiwan 10.14
China 9.28
Philippines 4.68
Thailand 2.91
Indonesia 2.81
India 2.55
Canada 1.54
Vietnam 0.44
Malaysia 0.16
Annual General Meeting
The Annual General Meeting of the Company was held on 28 January 2009. All resolutions set out in the Notice of Meeting were duly passed.
Final Dividend
The Directors have recommended the payment of a final dividend of 2.40 pence per share for the year ended 30 September 2008. Following approval from shareholders at the Annual General Meeting held on 28 January 2009, the dividend was paid on 4 February 2009 to shareholders on the Register on 5 January 2009.
Material Events or Transactions
There have been no material events or transactions that have taken place between 30 September 2008 and the date of publication of this Statement.
Changes to Share Capital during the quarter ended 31 December 2008
|
|
Issued Ordinary shares of 10p each |
|
As at 30 September 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 31 December 2008 |
167,189,762 |
Company Information as at 31 December 2008
Sedol Code 0791887
Sector Equity Investment Instruments
Launch Date November 2005
Financial Year End 30 September
Last Dividend Payment 4 February 2009
Last Ex Div Date 5 January 2009
Last AGM 28 January 2009
5 February 2009
Enquiries:
John Spedding
Schroder Investment Management Limited
Company Secretary
Tel: 020 7658 3206
This information is provided by RNS
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