Interim Management Statement

RNS Number : 4011I

Aberdeen All Asia Inv Tst PLC

24 July 2012

 



Aberdeen All Asia Investment Trust PLC

Interim Management Statement

To the members of Aberdeen All Asia Investment Trust PLC (the 'Company'):

This Interim Management Statement ("IMS") 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 IMS relates to the period between 1 April 2012 and 24 July 2012 and contains information that covers this period, unless otherwise specified.

Investment objective

To generate capital growth from a concentrated portfolio of companies domiciled, operating or generating revenue in the Asia Pacific region including Japan.

Benchmark

MSCI All Countries Index Asia Pacific (including Japan).

Material events

No shares were bought back by the Company between 1 April 2012 and the date of this IMS.

Following shareholder approval at the Annual General Meeting held on 24 July 2012, a final dividend of 4.75 pence per Ordinary share will be paid on 27 July 2012 to shareholders on the register as at 29 June 2012. The ex-dividend date was 27 June 2012.  All other resolutions put to shareholders at the Annual General Meeting were approved.

The Board is not aware of any other portfolio transactions or events which have occurred during the period which would have a material impact on the financial position of the Company.

For the latest Manager commentary please refer to the Factsheet published each month on the Company's website, www.all-asia.co.uk*, where the most recent Net Asset Value ('NAV') of the Company and share price may also be found.

Ten largest equity holdings at 30 June 2012

	Country	%
Oversea-Chinese Banking Corp.	Singapore	3.8
QBE Insurance	Australia	3.4
Shin-Etsu Chemical	Japan	3.4
Samsung Electronics	Korea	3.3
Jardine Strategic	Hong Kong	3.3
Canon	Japan	3.3
Standard CharteredA	United Kingdom	3.0
Takeda Pharmaceutical	Japan	2.9
Swire Pacific	Hong Kong	2.7
AIA	Hong Kong	2.7
		__________
Total		31.8
		__________
Total number of investments		51
		__________

^A UK listed stock held

Country allocation as at 30 June 2012 (%)

	Company	Regional Index
	%	%
Japan	21.3	38.6
Hong Kong	18.6	5.3
Singapore	15.7	3.3
Australia	9.8	15.5
India	6.8	4.0
China	4.6	11.1
Taiwan	4.4	6.8
South Korea	3.3	9.4
Thailand	3.3	1.3
United Kingdom B	3.0	0.0
Malaysia	2.7	2.2
Philippines	2.3	0.6
Indonesia	1.0	1.7
Sri Lanka	1.0	0.0
New Zealand	0.0	0.2
Cash	2.2	-
	__________	__________
Total	100.0	100.0
	__________	__________

^B Standard Chartered

General description of the Company's financial position and performance as at 30 June 2011

Gross Assets	£56.4m
Debt	£6.4m
Prior charges	Nil
GearingC	12.8%

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

Cumulative performance (%)

	As at
	30/06/12	1 month	3 months	6 months	1 year	3 years	5 years
Share Price	289.5p	0.4	(7.5)	10.4	1.1	49.4	33.4
NAV C	340.5p	6.1	(2.6)	11.0	(1.6)	57.2	39.7
MSCI AC Asia Pacific (inc. Japan)		2.5	(5.0)	3.6	(8.4)	29.3	12.0

Discrete performance (%)

Year ending	30/06/12	30/06/11	30/06/10	30/06/09	30/06/08
Share Price	1.1	15.5	27.9	(5.5)	(5.5)
NAV D	(1.6)	15.9	37.8	(6.7)	(4.7)
MSCI AC Asia Pacific (inc. Japan)	(8.4)	14.5	23.2	(6.1)	(7.7)

^D Excluding current year revenue.

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.

Source: Aberdeen Asset Managers, Factset and Morningstar.

Please note that past performance is not necessarily a guide to future performance. The value of shares may go down as well as up, and an investor may not get back the amount  invested.

* Neither the Company's website nor the content of any website accessible from hyperlinks on it (or any other website) is (or is deemed to be) incorporated into, or forms (or is deemed to form) part of this announcement.

For Aberdeen All Asia Investment Trust PLC

Aberdeen Asset Management PLC, Secretary

24 July 2012

 

END

 

 

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