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Invesco Asia Trust

LN: IAT

£192.5m market cap

288p last close

The investment objective of Invesco Asia Trust is to provide long-term capital growth by investing in a diversified portfolio of Asian (defined primarily as China, Hong Kong, India, Malaysia, Singapore, South Korea, Taiwan, Thailand) and Australasian companies. The company aims to achieve growth in its net asset value in excess of the MSCI All Countries Asia-Pacific ex-Japan Index, measured in sterling.

Investment summary

Invesco Asia Trust’s (IAT’s) primary objective is to deliver long-term capital returns through investing in Asian companies that are worth more than the market believes, following a rigorous bottom-up process. Over the past 10 years the trust has generated an annualised NAV total return of 10%. Investor sentiment towards Asian equities has suffered from an extended period of negative events, including trade disputes, political protests in Hong Kong and, more recently, the outbreak of the coronavirus. The manager, Ian Hargreaves, has a long-term investment horizon and believes golden opportunities are presenting themselves in this environment.

Share price graph
Price performance
%
1m
3m
12m
Actual 7.5 19.0 (2.2)
Relative* 13.0 9.7 18.1
52-week high/low 310.0p/199.0p
*% relative to local index
Key management
Neil Rogan Chairman
Ian Hargreaves Fund manager

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