Review: Positive market sentiment prevailing
Aberdeen New Thai Investment Trust (ANW) provides selective exposure to Thai equities. After significant weakness last year, the SET index has actually gained c 20% in 2014, despite political turmoil and the military coup, signalling confidence in the resilience of the economy. While much remains unresolved, history suggests a sanguine view can be justified and the manager is hopeful that GDP growth, after slowing in the first half, will begin to bounce back in the second half given improving consumer confidence. ANW trades at the upper end of its recent discount range and offers a peer-leading 2% yield.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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