Interim Management Statement

RNS Number : 0523G

Aberdeen All Asia Inv Tst PLC

25 January 2010

 



Aberdeen All Asia Investment Trust PLC

Interim Management Statement

To the members of Aberdeen All Asia Investment Trust PLC (the 'Company'):

This Interim Management Statement ("IMS") has been produced solely to provide additional information to shareholders as a body to meet the relevant requirements of the UK Listing Authority's Disclosure and Transparency Rules. It should not be relied upon by any other party or for any other purpose.

This IMS relates to the period between 1 October 2009 and the date of publication of this IMS, unless otherwise stated.

Investment objective

To generate capital growth from a concentrated portfolio of companies domiciled, operating or generating revenue in the Asia Pacific region including Japan.

Benchmark

MSCI All Countries Index Asia Pacific (including Japan).

Material events

No shares were bought back by the Company between 1 October 2009 and the date of this IMS.

On 30 November 2009, the Company sent its Half-yearly Report for the six months to 30 September 2009 to shareholders.

The Directors are not aware of any other significant events or transactions which have occurred between 1 October 2009 and the date of publication of this IMS, which would have a material impact on the financial position of the Company.

For the Company's latest daily net asset value, share price information and stock exchange announcements, please access the website at www.all-asia.co.uk where additional fund manager commentary may be found in the Manager's Monthly Factsheet.

Ten largest equity holdings at 31 December 2009

	%
Oversea-Chinese Banking Corp.	3.8
Canon	3.6
Samsung Electronics	3.6
QBE Insurance	3.2
Jardine Strategic Holdings	3.0
Rio Tinto	2.9
Swire Pacific 'B'	2.8
Takeda Pharmaceutical	2.8
United Overseas Bank	2.8
Standard Chartered	2.7
	__________
Total	31.2
	__________
Total number of investments	53
	__________

Country allocation as at 31 December 2009

	Gross investments	Regional Index
	%	%
Japan	20.8	40.7
Hong Kong	16.6	4.6
Singapore	16.3	2.9
India	12.5	4.7
Australia	7.3	16.6
Korea	6.1	8.0
China	4.4	11.2
Malaysia	4.2	0.8
Taiwan	3.9	1.7
Thailand	3.7	7.1
Philippines	1.8	0.3
New Zealand	-	0.2
Indonesia	-	1.2
Cash	2.4	-
	__________	__________
Total	100.0	100.0
	__________	__________

General description of the Company's financial position and performance as at 31 December 2009

Gross Assets	£48.1m
Debt	£3.1m
Prior charges	Nil
Gearing (expressed as a percentage of gross assets, including current year revenue) divided by shareholders' funds)	6.9%

Cumulative performance (%)

	As at							Since AAM took over (10/11/06)
	31/12/2009	1 month	3 months	6 months	1 year	3 years	5 years
Share Price	246.8p	9.1	8.7	23.1	49.1	18.1	58.0	16.8
NAV #	284.0p	5.6	3.0	27.5	29.7	20.9	68.2	24.4
MSCI AC Asia Pacific (inc. Japan)		4.1	1.3	20.3	22.7	11.8	58.6	16.6

Discrete performance (%)

Year ending	31/12/2009	31/12/2008	31/12/2007	31/12/2006	31/12/2005
Share Price	49.1	(30.8)	14.4	(9.2)	47.5
NAV #	39.7	(25.0)	15.4	(2.3)	42.4
MSCI AC Asia Pacific	22.7	(19.2)	12.7	2.5	38.4

# Excluding current year revenue.

Total Return; NAV to NAV, Net Income Reinvested, GBP. Share price total return is on a mid-to-mid basis. Dividend calculations are to reinvest as at the ex-dividend date.

Source: Aberdeen Asset Managers, Factset and Morningstar.

* Disclosure:

Since 10/11/2006, the assets of Aberdeen All Asia Investment Trust PLC have been managed by Aberdeen Asset Management Asia Limited. Where relevant, historic performance (cumulative and discrete) is based on prices and net asset values while the Company was managed by Gartmore Investment Limited to 9 November 2006, thereafter Aberdeen Asset Management Asia Limited.

Please note that past performance is not necessarily a guide to the future and that the value of investments and the income from them may fall as well as rise. Investors may not get back the amount they originally invested.

For Aberdeen All Asia Investment Trust PLC

Aberdeen Asset Management PLC, Secretaries

25 January 2010

 

END

 

 

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