Aberdeen New Thai Investment Trust - Changes proposed to boost shareholder returns
Aberdeen New Thai Investment Trust (ANW) is the only London-listed investment trust focused on Thailand. The manager follows a disciplined, bottom-up investment approach to find quality companies that are attractively valued. Through its investments, the trust also provides exposure to Thailand’s fast-growing neighbours of Cambodia, Laos, Myanmar and Vietnam. Launched in 1989, ANW has delivered strong absolute long-term returns; since inception to end-April 2018, the trust has achieved an annualised NAV total return of 14.4%. However, in more recent years, returns have lagged the benchmark and the shares have persistently traded at a meaningful discount to cum-income NAV. On 2 May 2018, the board proposed a number of changes to address these issues.Aberdeen New Thai Investment Trust is a closed-end investment company. Co. provides shareholders with a high level of long-term, above average capital growth through investment in Thailand. Co.'s assets are invested in a portfolio of securities (substantially in the form of equities or equity-related securities such as convertible securities and warrants) in companies. Co. has appointed Aberdeen Fund Managers Limited (AFML), a wholly-owned subsidiary of Aberdeen Asset Management PLC, as its alternative investment fund manager. AFML provides Co. with investment management, risk management, administration and company secretarial services as well as promotional activities.
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