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 18-Dec-2014

Ord
Price899.13p
NAV928.50p
Prem/-Disc-3.16%
Net Dividend Yield1.11%

3.5% CULS 2019
Price112.50
NAV100.00
Prem/-Disc12.50%


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 Half Year Report for the six months to 31 Jan 2014
Christopher Wong, Senior Investment Manager

In this webcast Christopher Wong gives an update on a wide range of subjects including performance, a sector breakdown, top twenty largest investments and an outlook for the Trust.

Click here to listen to the presentation

 

 

Manager's Monthly Report

November 2014

Market Review

Asian small-cap equities closed flat in November, despite China’s unexpected interest rate cut and the commencement of the stock connect trading link between Hong Kong and Shanghai. The lower oil price also weighed on markets like Malaysia and Australia.

Portfolio Review

In November, we pared AEON Thana Sinsap, Chevron Lubricants Lanka and Godrej Consumer Products on the back of strong share price performances. With the proceeds, we added to Pacific Basin Shipping on price weakness.

In earnings news, Castrol India and Kansai Nerolac Paints reported strong profit growth in the September-quarter on the back of a recovery in the Indian auto sector. Elsewhere, AEON Malaysia’s net sales improved, although earnings declined because of higher costs related to store openings. United Plantations had a decent quarter, as currency gains buoyed profits.

Our Singapore transport holding SBS Transit posted higher earnings, benefiting from increased daily ridership and contributions from its rail operations. In Thailand, Hana Microelectronics’ results were lower than expected, owing to the impact on margins from a change in the product mix.

Outlook

Looking ahead, expectations of an imminent Federal Reserve interest rate hike against the backdrop of a promising US economic recovery are likely to be counterbalanced by the potential for additional stimulus in Europe and China, where growth prospects are less certain. Indeed, comments from Beijing about the threat of slowing inflation have fuelled hopes of further rate cuts there. Japan too is likely to remain on an easing path given ongoing economic risks. Moody’s recently cut the country’s credit rating, citing its high debt levels. Market volatility is thus likely to persist. Meanwhile, the falling oil price could exacerbate deflationary trends. Ultimately, however, cheaper oil represents an opportunity for policymakers to start dismantling expensive fuel subsidy schemes, which India, Indonesia and Malaysia have done, while minimising the impact on consumers. It will also help stimulate economic activity that will underpin the eventual global recovery.


Source: Monthly Factsheet Aberdeen Asset Managers Limited