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Aberdeen New Thai Investment Trust

LN: ANW

£68.2m market cap

417p last close

ANW’s investment objective is to provide a high level of long-term, above-average capital growth through investment in Thailand. The trust holds a concentrated portfolio of equities listed on the Stock Exchange of Thailand (SET). Constructed through bottom-up stock selection, ANW’s portfolio is diversified across a broad range of industries, with exposures not linked to SET index allocations.

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.

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Share price graph
Price performance
%
1m
3m
12m
Actual 1.2 (9.0) (32.5)
Relative* 2.2 (6.4) (19.0)
52-week high/low 615.0p/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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