Aberdeen New Thai Inv Trust PLC Edison review on Aberdeen New Thai Inv Trust (ANW)
01 Fevereiro 2021 - 5:00AM
RNS Non-Regulatory
TIDMANW
Aberdeen New Thai Inv Trust PLC
29 January 2021
London, UK, 1 February 2021
Edison issues review on Aberdeen New Thai Investment Trust
(ANW)
Aberdeen New Thai Investment Trust (ANW) is the only
London-listed investment trust focused on investing in Thailand and
the manager Aberdeen Standard Investments (ASI) believes the Thai
equity market remains inefficient. During 2020, the ANW team
rebalanced the portfolio. ANW was not well positioned for the
unforeseen pandemic and subsequent market rout, and performance
disappointed. Nevertheless, the manager picked up undervalued
stocks during the 2020 sell-off. The manager expects quality
companies within the rebalanced portfolio that are market leaders
to better weather the impacts of the pandemic and generate
sustainable long-term returns.
ANW trades on a 15.4% discount to its cum-income NAV, wider than
its three-year average of 14.0%, and a significant recovery from
the March 2020 low (21.7%). Its double-digit gearing amplified the
portfolio's underperformance in 2020, but means ANW should see
improving performance as the country recovers and investors refocus
on Thailand's brighter longer-term prospects within Asia.
Click here to view the full report.
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investmenttrusts@edisongroup.com
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