Interim Management Statement

RNS Number : 1033Y

Aberdeen New Dawn Invest Trust PLC

27 August 2009

 



Aberdeen New Dawn Investment Trust PLC

Unaudited Interim Management Statement - 3 months to 31 July 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 May 2009 to 31 July 2009, 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 26 August 2009 the Company held its Annual General Meeting at which all resolutions were passed. The special business included resolutions to allow the Company to issue shares (up to 10% of the issued share capital without pre-emption) and to buy back shares (up to 14.99% of the issued share capital).

The Company's final dividend of 8.0p per Ordinary share was approved by shareholders and will be paid on 28 August 2009.

Ten largest equity holdings at 31 July 2009

	%
Aberdeen Global-India Opportunities*	13.2
Oversea-Chinese Banking Corp.	4.1
Jardine Strategic Holdings	3.9
Standard Chartered	3.8
Samsung Electronics	3.8
Swire Pacific 'B'	3.7
United Overseas Bank	3.7
Rio Tinto	3.6
Singapore Telecommunications	3.1
PetroChina	3.1
Total	46.0

Source: Aberdeen Asset Managers Ltd

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

Country allocation as at 31 July 2009

Country	%
Singapore	27.2
Hong Kong	17.2
India	14.3
Korea	6.4
Australia	6.3
China	5.8
Thailand	4.8
Malaysia	3.8
Taiwan	3.7
Indonesia	2.8
Other Asia	2.8
Philippines	2.2
Sri Lanka	1.7
Pakistan	0.2
Cash	0.8
Total	100.0
Source: Aberdeen Asset Managers Ltd

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

	£m
Gross Assets	164.7
Debt	11.0
Prior charges	NIL
Gearing*	7.2%

Source: Aberdeen Asset Managers Ltd

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

Cumulative performance (%)

	as at  31/07/09	1  month	3  months	6  months	1  year	3  years	5  years
Share Price	564.5	16.4	28.0	44.0	15.6	34.5	133.6
NAV	607.1	14.0	26.7	43.4	11.3	39.0	124.7
MSCI AC Asia Pacific ex Japan		11.6	16.0	40.8	7.7	36.8	120.8

Discrete performance (%)

	31/07/09	31/07/08	31/07/07	31/07/06	31/07/05
Share Price	15.6	-3.4	20.4	6.8	62.6
NAV	11.3	-5.1	31.5	11.2	45.4
MSCI AC Asia Pacific ex Japan	7.7	-8.8	39.2	11.6	44.7

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

27 August 2009

 

END

 

 

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