Interim Management Statement

RNS Number : 5777B

Aberdeen New Dawn Invest Trust PLC

21 February 2011

 



Aberdeen New Dawn Investment Trust PLC

Unaudited Interim Management Statement - 3 months to 31 January 2011

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 2010 to 31 January 2011, 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

The Company announced its Half-Yearly Results on 15 December 2010, and the Half-Yearly Report was posted to shareholders on 23 December 2010.

The borrowings at the period end represented HKD128.5m (the equivalent of £10.29m) drawn in Hong Kong Dollars and GBP £1.5m (total GBP equivalent £11.79m).  Subsequent to the period end, the HKD and GBP borrowings were rolled forward for one month at an all in rate of, respectively,  0.87%. and 1.31%.

Ten largest equity holdings at 31 January 2011

	%
Aberdeen Global-Indian Equity*	12.8
Oversea-Chinese Banking Corp.	4.3
Samsung Electronics  Pref	4.3
Rio Tinto	4.2
Jardine Strategic	4.1
Swire Pacific 'B'	3.6
Taiwan Semiconductor	3.5
Standard Chartered†	3.4
United Overseas Bank	3.0
QBE Insurance	2.9
Total	46.1

Source: Aberdeen Asset Managers Limited

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

† UK listed.

Country allocation as at 31 January 2011

Country	%
Hong Kong	19.5
Singapore	17.9
India	13.9
Australia	11.0
Korea	6.6
Taiwan	5.0
Thailand	4.7
China	4.4
Sri Lanka	3.6
Malaysia	3.4
United Kingdom	3.4
Other Asia	3.3
Philippines	1.7
Indonesia	1.4
Cash	0.1
Pakistan	0.1
Total	100.0

Source: Aberdeen Asset Managers Limited

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

	£m
Gross Assets	241.2
Debt	11.8
Prior charges	NIL
Gearing*	5.1%

Source: Aberdeen Asset Managers Limited

*Gearing is expressed as a percentage of gross assets, which includes current year revenue, divided by shareholders' funds.

Cumulative performance (%)

	as at	1 month	3 months	6 months	1 year	3 years	5 years
	31/01/2011
Share Price	888.0p	-2.0	1.5	20.1	42.9	79.8	90.8
NAV†	910.7p	-5.5	1.4	14.4	34.7	58.7	101.3
MSCI AC Asia Pacific ex Japan		-3.5	3.1	14.3	24.8	39.4	85.8

Discrete performance (%)

	31/01/2011	31/01/2010	31/01/2009	31/01/2008	31/01/2007
Share Price	42.9	62.9	-22.8	0.1	6.0
NAV†	34.7	63.8	-28.1	14.5	10.8
MSCI AC Asia Pacific ex Japan	24.8	58.4	-29.5	18.9	12.1

Total Return; NAV to NAV, net income Reinvested, GBP. Share price total return is on a mid-to-mid basis. NAV returns based on NAVs excluding income and with debt valued at par.

†Excluding current year revenue.

Source: Aberdeen Asset Managers Limited, Factset and Morningstar.

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

21 February 2011

 

END

 

 

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