Aberdeen New Thai Investment Trust

LN: ANW

£101.8m market cap

615p last close

Aberdeen New Thai Investment Trust’s investment objective is to provide shareholders with long-term, above-average capital growth through investment in Thailand. Its assets are invested in a diversified portfolio of securities – substantially in the form of equities or equity-related securities such as convertible securities and warrants – in companies spread across a range of industries quoted on the Stock Exchange of Thailand (SET).

Investment summary

Aberdeen New Thai Investment Trust (ANW) aims to deliver a high level of long-term capital growth, with the manager following a rigorous bottom-up, stock selection driven investment process. The trust has delivered strong absolute returns over the past 10 years, with an annualised NAV total return of 18.1%. Over the near term, the manager expects the ongoing US-China trade dispute to weigh on Thai equity market sentiment. However, it believes longer-term prospects remain very attractive. The portfolio is shifting in favour of small caps, where the manager can find less well-discovered, high-quality companies that are mispriced relative to their long-term intrinsic value.

Share price graph
Price performance
%
1m
3m
12m
Actual (5.0) 10.3 8.5
Relative* 0.9 14.1 15.7
52-week high/low 655.0p/538.0p
*% relative to local index
Key management
Adrian Lim Senior Investment Manager
Nick Smith Fund manager
Orsen Karnburisudthi Investment Manager

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