Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
Aberdeen Emerging Markets Investment Company’s (AEMC’s) managers, Andrew Lister and Bernard Moody, note investors’ new-found enthusiasm for emerging markets, now that they have been outperforming for a while. Their long experience of investing in the space tells them that now is a good time to be cautious. They have been taking profits on some positions and reallocating funds to areas that are yet to feel the full benefit of the change in sentiment toward the sector.
Aberdeen Emerging Markets Investment Company’s (AEMC’s) managers, Andrew Lister and Bernard Moody, note investors’ new-found enthusiasm for emerging markets, now that they have been outperforming for a while. Their long experience tells them that now is a good time to be cautious. They have been taking profits on some positions and reallocating funds to areas that are yet to feel the full benefit of the change in sentiment toward the sector.
A director at Aberdeen Emerging Markets Investment Company Limited bought 10,000 shares at 700p and the significance rating of the trade was 55/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directo...
Since our most recent note, the managers of Aberdeen Emerging Markets Investment Company (AEMC) have significantly increased the fund’s exposure to China. With 38.9% of the fund now allocated to China and 72.5% to wider Asia-Pacific, extensive exposure is provided to the region that has been the quickest to return to near-normal economic activity. Asia exposure is supplemented by pockets of strength elsewhere, such as in Romanian equities and frontier market bonds. AEMC continues to trade at wha...
Since our most recent note, the managers of Aberdeen Emerging Markets Investment Company (AEMC) have significantly increased the fund’s exposure to China. With 38.9% of the fund now allocated to China and 72.5% to wider Asia-Pacific, extensive exposure is provided to the region that has been the quickest to return to near-normal economic activity. Asian exposure is supplemented by pockets of strength elsewhere, such as in Romanian equities and frontier market bonds. AEMC continues to trade at wh...
The managers of Aberdeen Emerging Markets (AEMC) are optimistic about the prospects for the company. Strong performance last year has not yet translated into a reduction in the discount that the share price trades at relative to the asset value, but if outperformance can be maintained, this should follow in time. Investors might also be comforted by AEMC’s much lower volatility of returns compared to its peers and its benchmark.
The managers of Aberdeen Emerging Markets (AEMC) are optimistic about the prospects for the company. Strong performance last year has not yet translated into a narrowing of the discount, but if outperformance can be maintained, this should follow in time. Investors might also be comforted by AEMC’s much lower volatility of returns compared to its peers and its benchmark.
Year to date, Aberdeen Emerging Markets (AEMC) has been performing well, outstripping both its benchmarkand the average of competing funds by some margin (see page 9). The members of the investment management team, who predicted a resurgence in AEMC’s performance in 2019, believe there is more to come over the remainder of the year. They highlight that, globally, investors still have an underweight exposure to emerging markets. In addition, the recent interest rate cut in the US could signal a h...
Year to date, Aberdeen Emerging Markets (AEMC) has been performing well, outstripping both its benchmark and the average of competing funds by some margin (see page 9). The members of the investment management team, who predicted a resurgence in AEMC’s performance in 2019, believe there is more to come over the remainder of the year. They highlight that, globally, investors still have an underweight exposure to emerging markets. In addition, the recent interest rate cut in the US could signal a ...
In 2018, Aberdeen Emerging Markets (AEMC) gave up the gains it made in 2017; this left it trading on a 3.9% yield (one of the highest in its peer group) and a wider discount. The shift was largely one of sentiment, investors were worried about the potential effects of rising US interest rates and a trade war with China on emerging markets. Emerging market currencies weakened and the sector experienced significant outflows. The underlying companies now trade on much lower valuations and AEMC’s ma...
In 2018, Aberdeen Emerging Markets (AEMC) gave up the gains it made in 2017; this left its shares trading on a 3.9% dividend yield (one of the highest in its peer group) and a wider discount to its net asset value, currently 15.0%. The shift was largely one of sentiment, investors were worried about the potential effects of rising US interest rates and a US trade war with China on emerging markets. Emerging market currencies weakened and funds focused on the sector experienced significant outflo...
Aberdeen Emerging Markets (AEMC) will be 20 years old on 22 June 2018. This is no small feat; it has survived numerous crises in emerging markets (EM), the distortions of ‘hot money’ and a long-standing market focus on growth sectors (which does not suit the managers’ value-investment style). Furthermore, since launch, it has delivered an NAV return of 646% or 10.6% a year, ahead of the MSCI Emerging Markets Index, 541% or 9.8% per annum, and well ahead of the MSCI World Index, 256% or 6.6% per ...
Aberdeen Emerging Markets (AEMC) will be 20 years old on 22 June 2018. This is no small feat; it has survived numerous crises in emerging markets (EM), the distortions of ‘hot money’ (where investors flood into, and later out of, whichever market or sector happens to be fashionable) and a long-standing market focus on growth sectors (which does not suit the managers’ value-investment style). Furthermore, since launch, it has delivered an NAV return of 646% or 10.6% a year, ahead of the MSCI Emer...
Aberdeen Emerging Markets (AEMC) is designed for investors who want exposure to the compelling investment opportunity that emerging markets provide. Its managers believe that they have built a portfolio of best-of-breed and, often, hard to access managers, and its portfolio is much more diverse than those of competing funds. AEMC’s investment proposition has been improved recently by a reduction in fees; introducing a dividend; securing a borrowing facility; the move of the management team to a ...
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