ANW Aberdeen New Thai Investment Trust Plc

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Aberdeen New Thai Inv Trust PLC

11 November 2019

London, UK, 11 November 2019

Edison issues review on Aberdeen New Thai Investment Trust (ANW)

Aberdeen New Thai Investment Trust (ANW) is the only London-listed investment trust specialising in Thai equities. It aims to deliver a high level of long-term capital growth, employing a bottom-up approach to invest in a relatively concentrated portfolio of around 40 stocks, representing the manager's highest-conviction ideas. The trust has delivered strong absolute returns over the past 10 years, with an annualised NAV total return of 15.4%. Thai companies are well-placed to benefit from the rapid growth of its less-developed neighbours of Cambodia, Laos, Myanmar and Vietnam (CLMV), which offer a large and significantly underpenetrated market for goods and services.

ANW currently trades at a 14.2% discount to cum-income NAV, which is slightly narrower than its three-year average of 14.8%. The board introduced a number of measures in 2018 to broaden the appeal of the fund and help support a narrowing of the discount. These include the introduction of an interim dividend and an increase in the total payout. ANW's 3.4% yield is the highest among peers.

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November 11, 2019 06:40 ET (11:40 GMT)

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