Edison update - Aberdeen New Dawn Investment Trust

RNS Number : 9250T

Aberdeen New Dawn Invest Trust PLC

23 July 2015

 

London, UK, 23 July 2015

Edison issues research update on Aberdeen New Dawn Investment Trust

Aberdeen New Dawn Investment Trust (ABD) is a diversified Asia-Pacific fund investing in companies across the Asian region, including Australia but excluding Japan. The team-based, bottom-up approach looks to identify good quality companies with attractive valuations to buy and hold for the long-term. While aiming for capital growth, the quality bias results in the fund having an above-average yield relative to peers. Short term, it may suffer in more momentum driven markets but long-term relative performance remains strong.

The cum-income discount of 13.5% is at the upper end of its three-year range, perhaps in part reflecting China-related underperformance as that market ran up. Following the Chinese market's recent correction, improved relative performance could prompt some tightening of the discount.

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