abrdn New Dawn Invest Trust plc Update research from QuotedData
14 Febbraio 2023 - 9:42AM
RNS Non-Regulatory
TIDMABD
abrdn New Dawn Invest Trust plc
14 February 2023
abrdn New Dawn - Update research from QuotedData
14(th) February 2023
A quality captain for a troubled pacific
abrdn New Dawn (ABD) ended 2022 with the peculiar, if
compelling, combination of the second-best 12-month performance
within its peer group, and its shares trade at the widest discount
to net asset value (NAV), at 11.5%. Manager James Thom has
highlighted the ongoing complexity of navigating the Asia Pacific
region which is made up of a diverse range of countries, all with
varying outlooks.
Whilst ABD has underperformed its benchmark (the MSCI All
Countries Asia Pacific ex Japan index) over the last 12 months, as
more speculative sections of the market have bounced back from
recent lows, it remains ahead of its peers, with James's process
generating sector-leading consistency in its outperformance over
the longer-term.
Though headwinds undoubtedly remain for the Asia-Pacific,
investors should be reassured by a long history of outperformance
and a focus on high quality assets, which target factors such as
balance sheet strength and margin resilience, that should help
insulate the fund from further economic weakness brought about by
inflation and rising interest rates. This in combination with ABD's
comparatively wide discount, may make it an attractive time to
buy.
Full Research:
https://quoteddata.com/research/abrdn-dawn-quality-captain-troubled-pacific-qd/
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(END) Dow Jones Newswires
February 14, 2023 03:42 ET (08:42 GMT)
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