Invesco Asia Trust (LSE: IAT)

Currency in GBP

Last close As at 05/12/2023

GBP3.02

−2.00 (−0.66%)

Market capitalisation

GBP202m

Invesco Asia Trust’s objective is to provide long-term capital growth by investing in a diversified portfolio of Asian companies. On 1 May 2015, the trust adopted a new benchmark, MSCI AC Asia ex-Japan, in place of the former benchmark, MSCI AC Asia Pacific ex-Japan. While the benchmark excludes Australasia, the trust may still invest in these markets.

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Equity Analyst

Milosz Papst

Milosz Papst

Director, Financials

Key Management

  • Ian Hargreaves

    Fund manager

  • Neil Rogan

    Chairman

Share Price Performance

Price Performance
% 1M 3M 12M
Actual 1.7 (6.7) (9.0)
Relative 0.4 (7.2) (7.6)
52 week high/low 375.0p/289.0p

Overview

Leaning into opportunities in China, along with stock selection in India, Korea and Hong Kong, has contributed positively to performance. The fund is ahead of its Asian closed-ended peers on an NAV total return (TR) basis for the year to end-February 2023 and over the long term it continues to generate a double-digit annualised NAV TR (c 10% in sterling over the past 10 years), supported by consistent income. IAT pays a regular six-monthly dividend equivalent to 2% of NAV (4% pa). The managers, Ian Hargreaves and Fiona Yang, target double-digit annualised returns from each portfolio holding over a rolling three-year period.

Research

Review

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Invesco Asia Trust — Abundance of earnings recovery

Review

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Invesco Asia Trust — Rallying out of the crisis

Review

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Invesco Asia Trust — Weak markets may present golden opportunities

Review

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Invesco Asia Trust — Exciting opportunities emerging

Review

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Invesco Asia Trust — Opportunities emerging in Asian equities

Review

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Invesco Asia Trust — Update 9 December 2016

edison tv

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Executive interview – Invesco Asia

Further insights

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Investing in Asia beyond China

Analyst of the week

Melanie Jenner

Mel Jenner

Director, Investment Trusts

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