Interim Management Statement

RNS Number : 4352H

Aberdeen New Dawn Invest Trust PLC

19 February 2010

 



Aberdeen New Dawn Investment Trust PLC

Unaudited Interim Management Statement - 3 months to 31 January 2010

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 2009 to 31 January 2010, 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 16 December 2009, and the Half-Yearly Report was posted to shareholders on 5 January 2010.

The borrowings at the period end represented HKD141.0m (the equivalent of £11.26m) 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 1.25%.

Ten largest equity holdings at 31 January 2010

	%
Aberdeen Global-India Opportunities*	13.9
Samsung Electronics	4.2
Oversea-Chinese Banking Corp.	4.2
Rio Tinto	4.0
Jardine Strategic Holdings	3.7
QBE Insurance	3.6
Standard Chartered	3.5
Swire Pacific 'B'	3.3
United Overseas Bank	3.2
Singapore Telecommunications	3.0
Total	46.6

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

Country allocation as at 31 January 2010

Country	%
Hong Kong	20.4
Singapore	19.4
India	15.1
Australia	9.1
Korea	6.7
China	5.0
Thailand	4.6
Taiwan	4.2
Malaysia	3.3
Indonesia	3.1
Other Asia	2.9
Sri Lanka	2.5
Philippines	1.9
New Zealand	-
Pakistan	0.2
Cash	1.6
Total	100.0

General description of Company's financial position and performance as at 31 January 2010

	£m
Gross Assets	183.7
Debt	11.3
Prior charges	NIL
Gearing*	6.6%

*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
	31/01/2010
Share Price	629.5p	-6.5	9.7	13.1	62.9	26.0	97.7
NAV†	684.4p	-4.9	4.6	14.3	63.8	34.9	117.7
MSCI AC Asia Pacific ex Japan		-5.6	2.6	12.5	58.4	32.8	103.5

Discrete performance (%)

	31/01/2010	31/01/2009	31/01/2008	31/01/2007	31/01/2006
Share Price	62.9	-22.8	0.1	6.0	48.1
NAV†	63.8	-28.1	14.5	10.8	45.7
MSCI AC Asia Pacific ex Japan	58.4	-29.5	18.9	12.1	36.7

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

19 February 2010

 

END

 

 

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