Interim Management Statement

RNS Number : 6781O

Aberdeen New Dawn Invest Trust PLC

11 March 2009

 



Aberdeen New Dawn Investment Trust PLC

Unaudited Interim Management Statement - 3 months to 31 January 2009

To the members of Aberdeen New Dawn Investment Trust PLC

This unaudited interim management statement 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 interim management statement relates to the period from 1 November 2007 to 31 January 2008, and contains information that covers this period, and up to the date of publication of this interim management statement, unless otherwise specified.

Investment objective

To provide shareholders with a high level of capital growth through equity investment in the Asia Pacific countries excluding Japan.

Benchmark

MSCI AC Asia Pacific ex Japan (Sterling adjusted). This benchmark includes Australia and New Zealand.

Material events 

On 19 December 2008 the Company announced its Half Yearly Results and on 6 January 2009 the Half Yearly Report was posted to shareholders.

The borrowings at the period end represented HKD175.4m (the equivalent of £15.7m) drawn in Hong Kong Dollars. Subsequent to the period end the HKD borrowings were rolled forward for one month at an all in rate of 1.17%.

Ten largest equity holdings at 31 January 2009

	%
Aberdeen Global-India Opportunities*	12.7
QBE Insurance	3.9
Oversea-Chinese Banking Corp.	3.8
Samsung Electronics Pref.	3.7
Jardine Strategic Holdings	3.7
United Overseas Bank	3.6
China Mobile	3.6
Swire Pacific 'B'	3.5
Singapore Telecommunications	3.4
Singapore Technologies Engineering	3.2
Total	45.1

*excluded for the purposes of calculating the investment management fee.

Country allocation as at 31 January 2009

Country	%
Singapore	27.0
Hong Kong	15.4
India	13.7
Australia	6.3
Korea	6.6
China	6.5
Taiwan	4.7
Thailand	4.5
Malaysia	4.6
Other Asia	2.8
Indonesia	2.3
Philippines	2.4
Sri Lanka	1.4
Pakistan	0.4
Cash	1.4
Total	100.0

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

	£m
Gross Assets	122.8
Debt	15.7
Prior charges	NIL
Gearing*	14.7%

*Gearing is expressed as a percentage of gross assets divided by shareholders' funds

Cumulative performance (%)

	as at	1  month	3  months	6  months	1  year	3  years	5  years
	31/01/2009
Share Price	392.0	-1.4	12.0	-19.7	-22.8	-18.1	42.2
NAV	423.4	-4.9	4.0	-22.3	-28.1	-8.8	48.1
MSCI AC Asia Pacific ex Japan		-7.8	5.7	-23.5	-29.5	-6.0	48.0

Discrete performance (%)

	31/01/2009	31/01/2008	31/01/2007	31/01/2006	31/01/2005
Share Price	-22.8	0.1	6.0	48.1	17.2
NAV	-28.1	14.5	10.8	45.7	11.5
MSCI AC Asia Pacific ex Japan	-29.5	18.9	12.1	36.7	15.2

Total Return; NAV to NAV, Net Income Reinvested, GBP

Source: Aberdeen Asset Managers Limited, Factset and Fundamental Data

NAV returns based on NAVs excluding income and with debt valued at par

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 New Dawn Investment Trust PLC

Aberdeen Asset Management PLC, Secretary

11 March 2009

 

END

 

 

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