fbpx

Aberdeen New Dawn : ABD – interim results

Results for the six months ended 31 October 2013 show the fund underperforming its benchmark, the MSCI All Countries Asia Pacific ex Japan Index. Over the period ABD’s NAV fell by 4.4%, its share price by 7.9% and the index by 1.8%. The manager attributes this, in part, to ABD’s asset allocation (which is driven by their stock selection decisions) – being overweight Southern Asia at the expense of Northern Asia was unhelpful  over this period but ABD is averse to investing in many Chinese companies because it believes standards of reporting are lower than for comparable companies elsewhere in the region.

Leave a Reply

Your email address will not be published. Required fields are marked *

Please review our cookie, privacy & data protection and terms and conditions policies and, if you accept, please select your place of residence and whether you are a private or professional investor.

You live in…

You are a…