Interim Management Statement

RNS Number : 0357S

Asian Total Return Invest Co PLC

01 November 2013

 



ASIAN TOTAL RETURN INVESTMENT COMPANY PLC

Interim Management Statement for the Quarter ended 30 September 2013

The Board of Asian Total Return Investment Company 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 July 2013 to 30 September 2013.

Investment Objective

The Company's investment objective is to achieve a high rate of total return primarily through investment in equity and equity-related securities in Asia Pacific companies (excluding Japan), whilst offering a degree of capital preservation through tactical use, where appropriate, of derivative instruments.

Material Events or Transactions

No other material events or transactions have taken place in respect of the Company between 1 July 2013 and the date of publication of this Statement.

Company Statistics as at 30 September 2013

Net assets	£138.5 million
Net asset value ("NAV") per Ordinary share	186.20p
Share price	174.50p
Discount	6.3%
Number of portfolio holdings	66
Net cash	4.9%

Cumulative Performance to 30 September 2013

Total returns over:	3 months	6 months	1 year
Share price	(9.11)%	(12.97)%	7.41%
Net asset value	(6.50)%	(9.89)%	(0.31)%
Peer group net asset value (arithmetic average)	(2.20)%	(6.96)%	5.21%
MSCI AC Asia Pacific (ex Japan) Index	0.51%	(7.03)%	6.84%

Source: Morningstar

Portfolio Information as at 30 September 2013

Ten Largest Holdings

Stock Name	Country of listing	Market Value (£)	% of NAV
Jardine Strategic	Hong Kong	5,654,208	4.1
AIA	Hong Kong	5,113,844	3.7
Hyundai Motor	Korea	4,738,821	3.4
Jardine Matheson	Hong Kong	4,717,362	3.4
Brambles	Australia	4,387,405	3.2
Taiwan Semiconductor	Taiwan	4,370,040	3.2
HSBC	Hong Kong	4,347,004	3.1
Sun Hung Kai Properties	Hong Kong	4,268,041	3.1
Hong Kong Land	Hong Kong	4,073,021	2.9
KasikornBank	Thailand	3,897,612	2.8

Geographical analysis

Country of Listing	% of NAV
Hong Kong/China	42.8
Philippines	8.2
Australia	7.9
Korea	7.0
Thailand	6.4
Singapore	6.2
Taiwan	6.1
Indonesia	4.8
India	4.6
Malaysia	0.9
Other	1.8
Options	0.4
Net current assets	2.9

Sector Breakdown

Sector	% of NAV
Financials	34.9
Industrials	19.9
Consumer Goods	18.4
Consumer Services	9.0
Healthcare	7.4
Technology	2.7
Consumer Staples	1.3
Basic Materials	1.2
Consumer Discretionary	1.2
General Retailers	0.7
Options	0.4
Net current assets	2.9

Changes to Share Capital during the Quarter ended 30 September 2013

	Issued Ordinary shares of 5p each
At 1 July 2013	74,331,141
Shares reissued from Treasury during the period Shares in issue at 30 September 2013 (excluding shares held in treasury)	50,000            74,381,141
Shares held in Treasury Shares in issue at 30 September 2013 (including shares held in Treasury)	10,823,671             85,204,812

Company Information as at 30 September 2013

SEDOL Code                                      0871079

Sector                                                 Equity Investment Instruments

Launch Date                                       26 November 1987

Financial Year End                              31 December

Next Dividend Payment                      April 2014

Company website:                              www.asiantotalreturninvestmentcompany.com

1 November 2013

Enquiries:

John Spedding

Schroder Investment Management Limited

Company Secretary

Tel: [phone]

 

END

 

 

IMSUGGWPGUPWGAG