Aberdeen Asian Smaller Companies Investment Trust PLC
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Investor Warning

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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 26-Mar-2015

Ord
Price880.00p
NAV973.65p
Prem/-Disc-9.62%
Net Dividend Yield1.48%

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

February 2015

Market Review

Accommodative monetary policy, made possible by still-weak energy and commodity prices, continued to support Asian small-cap stocks in February.

Portfolio Review

In February, we continued to take profits from our Indian holdings on the back of share price strength, including Godrej Consumer Products, Gujarat Gas and Kansai Nerolac Paints. We also pared Chevron Lubricants in Sri Lanka which rose on expectations that the company will benefit from lower oil prices. With the proceeds, we added to our Hong Kong consumer holdings AEON Stores and Convenience Retail Asia.

In corporate results, Hong Kong-listed Pacific Basin Shipping’s full-year results met expectations, following its profit warning with weaker earnings due to impairments caused by the fall in commodity prices and sluggish dry-bulk shipping environment. Nevertheless, the company continues to position itself for a sector turnaround. POS Malaysia met expectations, with increased earnings from courier, postal and over-the-counter services counterbalanced by higher costs. In Indonesia, Bank OCBC Nisp’s full-year results were ahead of our estimates, due partly to higher investment income and robust loan growth. Philippine-based Jollibee Foods’ full-year results were behind forecasts amid IT and taxrelated expenses. Meanwhile, Singapore developer Bukit Sembawang fared well as a result of profits realised from its projects.

Outlook

Deflationary threats have come to the fore, exacerbated by weaker commodity and energy prices in recent months. We maintain the view that cheaper oil and commodities is a good thing as it helps lower costs for consumers and businesses alike. Central banks are likely to continue with more easing measures to spur growth, and this should be supportive of asset prices in the medium term. At the time of writing, India surprised with a second rate cut this year. Conversely, the expected normalisation of Federal Reserve monetary policy and the US dollar’s strength could prove a significant dampener for Asia. In addition, localised headwinds have surfaced. Across Asia, elevated household debt might negate the positive effects of cheaper oil and commodities, while exports will continue to be weighed down by the Chinese slowdown. However, cost cuts and capital preservation in a period of weak demand should boost margins and place well-run companies in good stead for a cyclical upturn.


Source: Monthly Factsheet Aberdeen Asset Managers Limited