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Aberdeen New Thai Investment Trust

LN: ANW

£73.5m market cap

447p 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) is the only London-listed investment trust focused on investing in Thailand, a country that also gives investors indirect exposure to the harder-to-access, but higher-growth economies of its neighbours Cambodia, Laos, Myanmar and Vietnam (CLMV). ANW was not well positioned for the unforeseen pandemic and subsequent market rout, and performance has disappointed. However, the manager believes the Thai equity market to be inefficient, and says the sell-off is presenting exciting opportunities to invest in quality companies that are mispriced versus their long-term intrinsic value.

Share price graph
Price performance
%
1m
3m
12m
Actual 4.2 (4.9) (21.2)
Relative* (5.6) 2.8 (11.4)
52-week high/low 655.0p/325.0p
*% relative to local index
Key management
Adrian Lim Senior Investment Manager
Nick Smith Fund manager
Orsen Karnburisudthi Investment Manager

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