Retirement of Flavia Cheong
abrdn Asia Focus plc (the "Company")
Legal Entity Identifier (LEI): 5493000FBZP1J92OQY70
30 May 2025
Retirement of Flavia Cheong
The Company notes the announcement yesterday of Flavia Cheong's intention to retire from her position as Head of Equities, Asia Pacific, at Aberdeen Investments after 30 years in the asset management industry having joined Aberdeen in 1997.
The Directors wish to express their thanks for all that Flavia has done for the Company over many years and wish her well for her retirement.
Gabriel Sacks continues as lead manager on the Company's investment portfolio, ably supported by Xin-Yao Ng. Both are backed by the wider Aberdeen Asia Pacific equity team of analysts and investment managers based in the region.
The Manager's strength and experience in the wider region has underpinned the performance delivered to shareholders since launch with the Company being the best performing Asia investment trust amongst the AIC's 'ISA millionaires'1.
Under the Aberdeen team's portfolio management, the Company has delivered sustained returns for shareholders, providing a net asset value total return of 2,716% since launch in 19952.
abrdn Asia Focus offers a unique portfolio of high-quality, fast-growing, businesses that are not represented in mainstream funds with uncorrelated returns and good diversification.
Krishna Shanmuganathan, Chair, commented:
"I would like to thank Flavia for all her support for the Company over many years, particularly in building such a deep pool of talent in Asia with our Manager now employing 40 investment professionals across 6 countries in the region - the success of which is amply demonstrated by the performance of the Company. We all wish her well for her very well-deserved retirement.
"In the hands of Gabriel and Xin-Yao, the Board believes that the Company is well placed to continue to deliver such long-term value for its shareholders."
Notes:
Investment Objective:
The Company aims to maximise total return to shareholders over the long term from a portfolio made up predominantly of quoted smaller companies in the economies of Asia excluding Japan.
1 abrdn Asia Focus plc was placed in 6th place (and the highest placed investment trust investing in Asia alone) out of a total of fifty investment trusts that would have made investors more than £1 million if they had invested their full annual ISA allowance in the same trust each year over the past 25 years (1999-2024), according to research dated February 2025 from the Association of Investment Companies (AIC).
2 Source: LSEG Datastream, diluted net asset value total return. Inception October 1995 to 28 May 2025.
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