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Aberdeen New Thai Investment Trust

LN: ANW

£94.2m market cap

570p 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 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.

Share price graph
Price performance
%
1m
3m
12m
Actual (3.8) (9.5) 5.2
Relative* (4.9) (12.1) 1.0
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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