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
 
 
Money Observer Awards 2015
 
 

Daily Data

At close 28-May-2015

Ord
Price870.00p
NAV962.05p
Prem/-Disc-9.57%
Net Dividend Yield1.49%

3.5% CULS 2019
Price114.25
NAV100.00
Prem/-Disc14.25%


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

 
 
 

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.

 
 
 
 

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

April 2015

Market Review

Despite lacklustre economic data, small-cap stocks in Asia rose in April amid continued policy easing.

Portfolio Review

Over the month, we topped up cement maker Holcim Indonesia, Hong Kong-listed Kingmaker Footwear and Myanmar property firm Yoma Strategic.

In earnings news, the Philippines’ Cebu saw annual profits rise 6%, underpinned by higher rental income from the expansion of its shopping mall Ayala Centre Cebu. However, our Singapore holding CDL Hospitality Trusts reported lower first-quarter revenue and profits from a year ago due to weaker tourist arrivals and heightened competition in the hotel sector. Financial holding OCBC NISP reported higher interest income and lower provisions amid challenging macroeconomic conditions. Conversely, Holcim Indonesia was hurt by weaker cement demand and higher costs. Competition escalated, with considerable new capacity further exacerbating oversupply. However, we expect the construction sector to regain momentum from increased infrastructure spending.

In Thailand, Tisco Financial’s first-quarter profits exceeded expectations on the back of net interest margin expansion, contributions from the sale of its investments and lower provisions. Aeon Thana Sinsap’s earnings declined in the fourth quarter because of higher expenses and provisions.

Outlook

Continued loose monetary policy alone is insufficient to revive economic growth or counter deflationary threats, as long as structural weaknesses persist. Instead, such measures have merely served to inflate global asset prices. While some of our holdings have benefited from the run-up, markets are starting to appear frothy. Unless corporate earnings recover, share prices could be due for a correction in light of the Federal Reserve’s anticipated hike in interest rates. That said, Asian markets have priced in a Fed tightening to some extent and corporates are well financed with healthy balance sheets and manageable debt levels. Regional policymakers have taken steps to improve the financial position of their economies, by increasing taxes, reducing subsidies and boosting foreign currency reserves.


Source: Monthly Factsheet Aberdeen Asset Managers Limited