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 WarningPast Performance
Past performance is no guide to future performance.
See latest monthly factsheet below for performance history.
Daily Data
At close 17-May-2012
Ord| Price | 302.00p |
| NAV | 327.75p |
| Prem/-Disc | -7.86% |
Source: Morningstar
NAV = Net Asset Value
Literature
Trust Details
Aberdeen All Asia Investment Trust PLC
Registered Office:
Bow Bells House
One Bread Street
London
EC4M 9HH
Registered in England as an Investment Company Number 3582911
Aberdeen All Asia Investment Trust PLC
Objective
The Company seeks to generate capital growth from a concentrated portfolio of companies domiciled,operating or generating revenue in the Asia Pacific region, including Japan. Owing to the concentration of investments, the performance of the Company’s investment portfolio may deviate significantly from its benchmark from time to time.
Fundamental resilience: On the ground in Japan
September 2011
Manager's Monthly Report
April 2012
Market Review
Asian stock markets generally fell in March amid worries of a sharp economic slowdown in China. But losses were capped by hopes of continued quantitative easing in the US. In Japan, the market bucked the downtrend thanks to better-than-expected GDP data and the weak yen, which brightened prospects for exporters.
Economic data were mixed. Anaemic European demand hurt exports from China, Malaysia and Thailand, whereas Korea, Singapore and Taiwan saw electronics shipments improve. Fourth-quarter GDP growth moderated in Australia and Korea.
Inflation eased further but persistently high oil prices threatened to reverse the trend. Most central banks held interest rates unchanged, although India lowered lenders’ cash reserve ratio to improve liquidity.
In portfolio-related news, two Sun Hung Kai directors were arrested for alleged corruption. No further details were provided, but the company said the arrests will not affect operations.
Portfolio Review
We trimmed our positions in Unilever Indonesia, Siam Cement, Honda Motor, Ayala Land and Bank of the Philippine Islands on price strength and subsequently used the proceeds to reduce the company’s gearing slightly following strong performance.
In portfolio-related news, two Sun Hung Kai directors were arrested for alleged corruption.
No further details were provided, but the company said the arrests will not affect operations. Meanwhile, an improvement in risk appetite saw several companies tap the market for capital. Among these were Australian insurer QBE Insurance and Hong Kong’s Li & Fung, both of which issued equity. QBE Insurance also announced acquisition plans over the month, as did PTT Exploration and Production and CIMB Group.
Outlook
Looking ahead, sentiment in Asian stock markets is likely to be swayed by the uncertain economic backdrop, particularly in the context of a slowdown in China, Europe’s recurring debt problems and lingering doubts over the sustainability of the US recovery. Over the longer term, however, we remain optimistic about Asia’s prospects, which are undiminished despite these concerns.
Source: Monthly Factsheet Aberdeen Asset Managers Limited