Caution wins out in the end
After another challenging six months since our last note, with initially unscathed Asia finally being hit hard by COVID-19, Aberdeen New Dawn (ABD) has maintained its strong performance, showing it can still be resilient in falling markets.
However, the manager says the numbers also reflect ABD’s long-standing caution over China, which experienced one of its worst market sell-offs for some time this year. A greater state interference in key sectors has raised questions about the country’s regulatory environment and even spooked some investors. ABD continues to focus only on those Chinese companies that its manager believes can adapt to the changing environment, and its exposure to the country remains lower than its MSCI AC Asia Pacific ex Japan Index performance benchmark.
Aberdeen New Dawn Investment Trust is an investment trust. Co. focuses on providing private and institutional investors capital growth through equity investment. Co.'s assets are invested in a diversified portfolio of securities in quoted companies spread across a range of industries and economies in the Asia Pacific region excluding Japan. Investments may also be made through collective investment schemes and in companies traded on stock markets outside the Asia Pacific region. Co.'s portfolio is managed by Aberdeen Asset Management Asia Limited, a wholly-owned subsidiary of Aberdeen Asset Management PLC.
QuotedData you with provides access to research on Investment Companies, Investment Trusts and Mining companies. Our aim is to provide you all the information you might need to make your own investment decisions. We cannot offer you advice on your investments.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.