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 30-Jul-2015

Ord
Price783.00p
NAV878.37p
Prem/-Disc-10.86%
Net Dividend Yield1.66%

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


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

Investor warning: Please be aware of scams that can affect investors. Read the full warning here.

 

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

June 2015

Market Review

Portfolio Review

In June, we topped up our holding in Kingmaker given its attractive valuation and strong yield. We also introduced Manulife Malaysia. Offering good basic coverage with affordable premiums, the insurer aims to triple its agency force as well as double its life premium base and market share in Malaysia in 2015.

The month under review coincided with the tail-end of the results season. Malaysian companies dominated news flow. Overall, earnings were mixed, with Shangri-La Hotels reporting weaker numbers against a slower domestic economic environment. On a positive note, one of our largest holdings AEON Malaysia grew profits.

Elsewhere, Bukit Sembawang Estates in Singapore continued to be hampered by a sluggish property sector where strict policy measures remained in place.

As for corporate action, Asia Satellite Telecommunications declared a special dividend of HK$11.89, as we had anticipated.

Outlook

Recent sharp sell-offs in China suggest that investors are finding it harder to support valuations in the absence of significant earnings and economic growth. Conditions in the mainland remain challenging, and a worse-than-expected slowdown could dent confidence further. We are unperturbed. A reversal would allow fundamentals to chart the market course, rightfully. This could receive further impetus when the Federal Reserve finally hikes interest rates. Although corporate earnings growth in the region is likely to remain muted, given still-sluggish exports and anaemic domestic demand in the face of rising household debt, our strategy of investing in financially sound and prudent companies with sustainable business models should help ensure healthy returns over the long term.


Source: Monthly Factsheet Aberdeen Asset Managers Limited