Aberdeen Asian Smaller Companies Investment Trust PLC
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Investor Warning

Please be aware of scams that can affect investors.

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NMPI Status

The Company currently conducts its affairs so that securities issued by Aberdeen Asian Smaller Companies Investment Trust PLC can be recommended by financial advisers to ordinary retail investors in accordance with the FCA’s rules in relation to non-mainstream pooled investment products (NMPIs) and intends to continue to do so for the foreseeable future.

The Company’s securities are excluded from the FCA’s restrictions which apply to non-mainstream investment products because they are securities in an investment trust.

 

Pre-investment Disclosure Document (PIDD)

The Alternative Investment Fund Manager Directive (“AIFMD”) requires Aberdeen Fund Managers Limited, as the alternative investment fund manager of Aberdeen Asian Smaller Companies Investment Trust PLC, to make available to investors certain information prior to such investors’ investment in the Company.

The AIFMD is intended to offer increased protection to investors in investment products that do not fall under the existing European Union regime for regulation of investment products known as “UCITS”.

Read the PIDD for Aberdeen Asian Smaller Companies Investment Trust

 
 

Morningstar Ratings

Analyst Rating

Gold Rating

Fund Rating

5 Star Rating
 
 

Risk Warning

The value of investments and the income from them may go down as well as up and investors may get back less than the amount invested. The tax benefits relating to ISA investments may not be maintained. Please refer to the Key Facts documents contained in the ISA/Share Plan Brochure & Application form for general and specific investment risks attaching to the individual trusts.

Read the detailed Risk Warning
 

Past Performance

Past performance is not a guide to future results.
See latest monthly factsheet below for performance history.

 
 

Daily Data

At close 03-Mar-2015

Ord
Price881.50p
NAV970.59p
Prem/-Disc-9.18%
Net Dividend Yield1.47%

3.5% CULS 2019
Price114.13
NAV100.00
Prem/-Disc14.13%


Source: Morningstar, NAV = Net Asset Value, excluding income.

 
 
 
 
 

Portfolio Holdings Disclaimer

Holdings are subject to change at any time. Holdings should not be relied upon in making investment decisions and should not be construed as research or investment advice regarding specific securities. By accessing the portfolio holdings, you agree not to reproduce, distribute or disseminate the portfolio holdings, in whole or in part.

 
 

Trust Details

Aberdeen Asian Smaller Companies Investment Trust PLC

Registered Office:
Bow Bells House
One Bread Street
London
EC4M 9HH

Registered in England and Wales as an Investment Company Number 3106339

 

Aberdeen Asian Smaller Companies Investment Trust PLC

Objective

To maximise total return to Shareholders over the long term from a portfolio of smaller quoted companies (with a market capitalisation of up to approximately US$1 billion at time of investment) in the economies of Asia and Australasia, excluding Japan.

 
 

Aberdeen Asian Smaller Companies Investment Trust PLC Annual Report for the year ended 31 July 2014
Christopher Wong, Senior Investment Manager

In this webcast, Christopher Wong gives an update on a wide range of subjects including the Trust’s performance, the geographic and sectoral positioning of the portfolio for the Trust.

Click here to listen to the presentation

 

 

Manager's Monthly Report

January 2015

Market Review

A wave of monetary policy easing lifted Asian small-cap stocks in January, as central banks in India and Singapore as well as their counterparts in Europe, Turkey and Canada moved to boost economic growth. Paring gains was Switzerland’s decision to end its cap on the franc against the euro, which caused global risk aversion to spike, albeit briefly.

Portfolio Review

In January, we took profits from Indian holdings that have rallied and are appearing fully valued, such as Castrol India and Kansai Nerolac Paints. We used the proceeds to subscribe to DGB Financial’s discounted rights issue given its regional market position, customer relationships and loan growth expectations.

In earnings news, most of our companies’ results met our expectations. Singapore’s CDL Hospitality Trusts saw good occupancy but weak room rates, hurting fourth-quarter revenues. However, yield and cash flow remained robust. In Thailand, Tisco Financial's fourth-quarter performance beat market expectations, although full-year net profits were flat as moderate growth in net interest income was counterbalanced by higher provisions. Meanwhile, Indian consumer goods company Godrej acquired Frika Hair, which will expand its business in South Africa.

Outlook

Most signs point to a potentially looser policy environment in the medium term. Recent patchy US economic data could ease pressure on the Federal Reserve to hike interest rates by the first half of 2015. Murky outlooks for growth and inflation in both Europe and Japan could also precipitate more stimulus by the ECB and Bank of Japan, although we feel this would only soften the political will for crucial reforms. In China, authorities have reiterated their desire to pursue quality growth while maintaining an appropriate rate of expansion, an oblique reference to tougher times ahead, albeit cushioned by more targeted easing measures. Such rhetoric is likely to continue driving markets despite still-weak economic data. On the other hand, further shocks in the oil and currency markets could upend the uptrend. We are of the view, however, that lower oil prices are a good thing for Asia on the whole as it helps reduce costs for businesses and consumers alike, which should ultimately boost spending and induce investment. For now, earnings growth is likely to remain muted but companies with financial muscle and prudent management should be well placed to ride the region’s recovery over the long term.


Source: Monthly Factsheet Aberdeen Asset Managers Limited