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 01-Jul-2015

Ord
Price824.00p
NAV922.47p
Prem/-Disc-10.67%
Net Dividend Yield1.58%

3.5% CULS 2019
Price113.50
NAV100.00
Prem/-Disc13.50%


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
 

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

May 2015

Market Review

Portfolio Review

MayAir, by taking part in its initial public offering on the AIM, a sub-class of the London Stock Exchange. The company is a leading manufacturer and provider of air filtration equipment and clean-air technology, and is well positioned to tap increased pollution in its key markets.

Quarterly earnings news was generally upbeat. Fashion retailer Giordano posted encouraging numbers, suggesting a nascent turnaround in China. Thailand-based Hana Microelectronics’ recurring net profits rose 15% from a year earlier. In the Philippines, Cebu's earnings surged over 70% from real estate sales, while core rental income remained strong. Port operator Asian Terminals’ profits were buttressed by robust volumes. Meanwhile, Jollibee Foods grew sales and profits despite higher raw material costs.

Singapore’s Yoma Strategic saw quarterly earnings boosted partly by higher gains from the revaluation of its investment properties. Separately, the group announced that Melvyn Pun will succeed Andrew Rickards as CEO and executive director from July. Conversely, Bukit Sembawang Estates had a weak quarter, due to lower sales and higher tax expenses. Nevertheless, its balance sheet strengthened and the stock remained attractively valued.

Outlook

In our opinion, the Chinese share price rally is driven mainly by speculation as economic and corporate fundamentals continue to lag market performance. Growth is unlikely to improve soon as Beijing balances expansion with crucial reforms. In India and Indonesia, investors have tempered their expectations over the pace of restructuring, given the testy political backdrops, and share prices in both markets will need to see further reform efforts, economic revival and an earnings uplift to stay buoyant. Elsewhere, growth headwinds persist, partly due to the Chinese slowdown. Thankfully, falling oil prices and receding inflationary pressures have provided a boon to regional central banks, which should be able to continue with policy easing, even as the Federal Reserve prepares to hike rates later this year.


Source: Monthly Factsheet Aberdeen Asset Managers Limited