Invesco Asia : IAT

Stuart Parks, manager of IAT
Stuart Parks, manager of IAT

Invesco Asia has released its results for the half year ended 31 October 2013. IAT outperformed over the period as the NAV returned 3.2%, the share price 2.6% and the benchmark lost 1.8%. The discount widened a little but the Board has reaffirmed its commitment to getting the fund to trade at a discount narrower than 10%.

The manager attributed IAT’s outperformance to stock selection in the IT (notably Baidu, the Chinese internet company) and Financial sectors.

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