Interim Management Statement

RNS Number : 9821W

Aberdeen All Asia Inv Tst PLC

07 February 2012

 



Aberdeen All Asia Investment Trust PLC

Interim Management Statement

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

Aberdeen All Asia Investment Trust PLC today issues its Interim Management Statement for the period 1 October 2011 to 7 February 2012 in accordance with the requirements of the UK Listing Authority's Disclosure and Transparency Rules.

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

745,795 shares were bought back by the Company between 1 October 2011 and the date of this IMS at an average price of 299.0p, being a discount of 11.79% to the then current ex income net asset value per share. Buybacks help to provide liquidity in the market for the Company's shares and are also value-enhancing for continuing shareholders.

On 1 December 2011, the Company sent its Half-yearly Report for the six months to 30 September 2011 to shareholders.

The Board is not aware of any other portfolio transactions or events which have occurred during the period which would have a material impact on the financial position of the Company.

For the latest Manager commentary please refer to the Factsheet published each month on the Company's website, www.all-asia.co.uk, where the most recent Net Asset Value ('NAV') of the Company and share price may also be found.

Ten largest equity holdings at 31 December 2011

	Country	%
Canon	Japan	3.7
Samsung Electronics	Korea	3.5
Oversea-Chinese Banking Corp.	Singapore	3.4
Shin-Etsu Chemical	Japan	3.3
Jardine Strategic	Hong Kong	3.1
Standard CharteredA	United Kingdom	3.1
QBE Insurance	Australia	2.9
Takeda Pharmaceutical	Japan	2.9
Swire Pacific 'B'	Hong Kong	2.9
Rio TintoA	Australia	2.8
		__________
Total		31.6
		__________
Total number of investments		56
		__________

^A UK listed stock held.

Country allocation as at 31 December 2011

	Company	Regional Index
	%	%
Japan	21.8	39.3
Hong Kong	18.0	5.1
Singapore	13.2	3.0
Australia	9.1	15.7
India	7.9	3.8
Korea	5.7	9.3
China	4.6	11.1
Taiwan	4.4	6.8
Thailand	3.8	1.2
United Kingdom	3.1	0.0
Malaysia	2.8	2.2
Philippines	2.1	0.5
Indonesia	1.3	1.9
New Zealand	0.0	0.2
Cash	2.2	-
	__________	__________
Total	100.0	100.0
	__________	__________

General description of the Company's financial position and performance as at 31 December 2011

Gross Assets	£56.0m
Debt	£7.1m
Prior charges	Nil
GearingB	14.5%

^B Gearing expressed as a percentage of gross assets, including current year revenue, divided by shareholders' funds.

Cumulative performance (%)

	As at
	31/12/11	1 month	3 months	6 months	1 year	3 years	5 years
Share Price	266.5p	1.9	2.3	(8.4)	(14.3)	63.8	29.7
NAV C	311.0p	1.4	2.6	(11.4)	(13.8)	55.2	24.3
MSCI AC Asia Pacific (inc. Japan)		1.6	1.2	(11.6)	(14.3)	27.2	15.9

Discrete performance (%)

Year ending	31/12/11	31/12/10	31/12/09	31/12/08	31/12/07
Share Price	(14.3)	28.2	49.1	(30.8)	14.4
NAV C	(13.8)	28.8	39.7	(25.0)	15.4
MSCI AC Asia Pacific	(14.3)	20.9	22.7	(19.2)	12.7

^C 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 Limited, Factset and Morningstar.

Please note that past performance is not necessarily a guide to future performance. The value of shares may go down as well as up, and an investor may not get back the amount  invested.

* Neither the Company's website nor the content of any website accessible from hyperlinks on it (or any other website) is (or is deemed to be) incorporated into, or forms (or is deemed to form) part of this announcement.

For Aberdeen All Asia Investment Trust PLC

Aberdeen Asset Management PLC, Secretary

7 February 2012

 

END

 

 

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