Report

Update: Thai market relatively resilient despite headwinds

Aberdeen New Thai Investment Trust (ANW) is an actively managed closed-ended fund investing in companies listed in Thailand. The trust targets capital growth rather than income, but the manager’s focus on cash-generative companies with strong balance sheets makes yield a differentiating feature and ANW has the highest yield among peers. While recent performance has been affected by political unrest and a resulting economic slowdown, the Thai market has outpaced many Asian markets over the long-term, and the manager points to opportunities for Thai companies to expand into faster growing neighbouring ASEAN countries.
Underlying
Aberdeen New Thai Investment Trust PLC

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.

Provider
Edison Investment Research
Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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