Overview
Aberdeen Emerging Markets : AEMC was formerly Advance Developing Markets (ADMF). Its investment objective is to achieve consistent returns for Shareholders in excess of the MSCI Emerging Markets Net Total Return Index in Sterling terms. Aberdeen Emerging Capital invests in a portfolio of funds and products which give diversified exposure to emerging market economies and those of the Pacific Rim. The Investment Manager does not seek to replicate the Benchmark’s geographical distribution. The Company’s geographic asset allocation is derived from the Investment Manager’s analysis of prospects for regions and countries and of the underlying opportunities for investment.
We have written notes that explains how the trust works –
You can access the company’s website here
Research History
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30 Oct 2020 1 min read
Interview with Andrew Lister of Aberdeen Emerging Markets
In this week’s show, James Carthew talked to Andrew Lister, co-manager of Aberdeen Emerging Markets Watch it again here If you were looking for James Carthew’s roundup of the week’s news, this is now in the news section – just click here If there is a guest speaker you’d particularly like to hear from, please email us […]
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16 Oct 2020 15 min read
QuotedData’s Investment Companies Quarterly Review – Third Quarter 2020
Investment Companies Quarterly Roundup Kindly sponsored by Baillie Gifford and Aberdeen Standard Investments Table of contents In this issue Performance data Positive movers Negative movers Discounts and premiums Getting more expensive Getting cheaper Money in and out Money in Money out Major news stories Upcoming Events New research Guide The legal bit Stubborn resistance The end […]
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15 Sep 2020 12 min read
Aberdeen Emerging Markets Investment Company – Peer group leading China exposure
Peer group leading China exposure Since our most recent note, the managers of Aberdeen Emerging Markets Investment Company (AEMC) have significantly increased the fund’s exposure to China. With 38.9% of the fund now allocated to China and 72.5% to wider Asia-Pacific, extensive exposure is provided to the region that has been the quickest to return […]
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12 min read
Aberdeen Emerging Markets Investment Company – Peer group leading China exposure
Peer group leading China exposure Since our most recent note, the managers of Aberdeen Emerging Markets Investment Company (AEMC) have significantly increased the fund’s exposure to China. With 38.9% of the fund now allocated to China and 72.5% to wider Asia-Pacific, extensive exposure is provided to the region that has been the quickest to return […]
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12 min read
Aberdeen Emerging Markets Investment Company – Peer group leading China exposure
Peer group leading China exposure Since our most recent note, the managers of Aberdeen Emerging Markets Investment Company (AEMC) have significantly increased the fund’s exposure to China. With 38.9% of the fund now allocated to China and 72.5% to wider Asia-Pacific, extensive exposure is provided to the region that has been the quickest to return […]
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10 Aug 2020 6 min read
QuotedData’s Economic Roundup – August 2020
Economic & Political Roundup Kindly sponsored by Allianz A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell […]
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10 Mar 2020 9 min read
QuotedData’s Economic Roundup – March 2020
Economic & Political Roundup Kindly sponsored by Polar Capital and Allianz A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you […]
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27 Feb 2020 17 min read
Aberdeen Emerging Markets – Focused on returns
Focused on returns The managers of Aberdeen Emerging Markets (AEMC) are optimistic about the prospects for the company. Strong performance last year has not yet translated into a narrowing of the discount, but if outperformance can be maintained, this should follow in time. Investors might also be comforted by AEMC’s much lower volatility of returns […]
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18 min read
Aberdeen Emerging Markets – Focused on returns
Focused on returns The managers of Aberdeen Emerging Markets (AEMC) are optimistic about the prospects for the company. Strong performance last year has not yet translated into a reduction in the discount that the share price trades at relative to the asset value, but if outperformance can be maintained, this should follow in time. Investors […]
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24 Jan 2020 28 min read
QuotedData’s Investment Companies Annual Review – 2019
In this issue The sector at the end of 2019 Performance data Performance by sector and fund Money in and out of the sector Money in and out of existing funds Money coming into existing funds Money going out of existing funds Liquidations, de-listings and trading cancellations Significant rating changes Major news stories Outlook for […]
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15 Oct 2019 10 min read
Investment companies quarterly roundup – Third quarter 2019
Investment Companies Quarterly Roundup Kindly sponsored by Baillie Gifford New research Over the third quarter, we published notes on India Capital Growth, Jupiter Emerging & Frontier Income, Montanaro European Smaller Companies, JLEN Environmental Assets, Civitas Social Housing, JPMorgan Russian Securities, International Biotechnology Trust, Aberdeen Emerging Markets, Seneca Global Income & Growth, Standard Life Investments Property Income […]
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15 Aug 2019 14 min read
Aberdeen Emerging Markets – The stars may be aligning
Year to date, Aberdeen Emerging Markets (AEMC) has been performing well, outstripping both its benchmark and the average of competing funds by some margin (see page 9). The members of the investment management team, who predicted a resurgence in AEMC’s performance in 2019, believe there is more to come over the remainder of the year. […]
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13 min read
Aberdeen Emerging Markets – The stars may be aligning
Year to date, Aberdeen Emerging Markets (AEMC) has been performing well, outstripping both its benchmark and the average of its peer group by some margin (see page 8). The members of the investment management team, who predicted a resurgence in AEMC’s performance in 2019, believe there is more to come over the remainder of the […]
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05 Jul 2019 8 min read
QuotedData’s economic roundup – July 2019
Economic & Political Roundup A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell any of the […]
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22 Mar 2019 2 min read
QuotedData’s economic roundup – March 2019
QuotedData’s economic roundup – March 2019 is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell […]
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25 Jan 2019 2 min read
QuotedData review of 2018 – Annual report investment companies
QuotedData review of 2018 – Annual report investment companies 2018 – the return of volatility A trade war, Brexit, US interest rate rises, slowing Chinese growth, a US government shutdown, a dispute over Italy’s budget, the Skripal poisonings, numerous elections – there was plenty to worry about in 2018. A last-minute dive left the US […]
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21 Jan 2019 1 min read
Aberdeen Emerging Markets – A reversal of fortune
Aberdeen Emerging Markets – A reversal of fortune In 2018, Aberdeen Emerging Markets (AEMC) gave up the gains it made in 2017; this left its shares trading on a 3.9% dividend yield (one of the highest in its peer group) and a wider discount to its net asset value, currently 15.0%. The shift was largely […]
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1 min read
Aberdeen Emerging Markets – A reversal of fortune
Aberdeen Emerging Markets – A reversal of fortune In 2018, Aberdeen Emerging Markets (AEMC) gave up the gains it made in 2017; this left it trading on a 3.9% yield (one of the highest in its peer group) and a wider discount. The shift was largely one of sentiment, investors were worried about the potential […]
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11 Jun 2018 2 min read
Aberdeen Emerging Markets – 10.6% a year for 20 years
Aberdeen Emerging Markets – 10.6% a year for 20 years Aberdeen Emerging Markets (AEMC) will be 20 years old on 22 June 2018. This is no small feat; it has survived numerous crises in emerging markets (EM), the distortions of ‘hot money’ (where investors flood into, and later out of, whichever market or sector happens […]
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2 min read
Aberdeen Emerging Markets – 10.6% a year for 20 years
Aberdeen Emerging Markets – 10.6% a year for 20 years Aberdeen Emerging Markets (AEMC) will be 20 years old on 22 June 2018. This is no small feat; it has survived numerous crises in emerging markets (EM), the distortions of ‘hot money’ (where investors flood into, and later out of, whichever market or sector happens to […]
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13 Mar 2018 2 min read
QuotedData’s Economic round up – March 2018
QuotedData’s economic round up – March 2018 is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell […]
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18 Jan 2018 2 min read
QuotedData – 2017 review of the year
QuotedData – 2017 review of the year – Many commentators, including us, were wary going into 2017. In the event, economic growth and markets surprised on the upside: US markets hit new highs despite three interest rate rises. Perceived low/no growth areas such as Europe and Japan burst into life. Asia’s technology stocks surged. India’s […]
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28 Nov 2017 1 min read
Jupiter Emerging & Frontier Income – A very successful fundraise
Jupiter Emerging & Frontier Income – A very successful fundraise Jupiter Emerging & Frontier Income (JEFI) offers investors access to the potentially exciting long-term growth prospects of emerging and frontier markets (see page 3) and one of the highest dividend yields in its peer group. Its portfolio is relatively focused, with just 44 holdings, yet […]
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19 Oct 2017 2 min read
Quarterly investment companies roundup – Third quarter 2017
Quarterly investment companies roundup – Third quarter 2017 – Markets moved up a little over the course of the three months ended 30 September 2017. Regionally, emerging markets did well. The pound strengthened a bit relative to the US dollar but was flat against the euro. The oil price rose by more than 20%. In […]
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14 Feb 2017 1 min read
QuotedData’s round up of views on the global economy – February 2017
QuotedData’s collation of recent insights on markets and economies taken from comments made by chairman and managers of investment companies. Kindly sponsored by Martin Currie. February Economic and Political Roundup
News
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19 Feb 2021 4 min read
QD view – Resurgent emergence
QD view – Resurgent emergence: What are the prospects for emerging markets funds as the global economy recovers from COVID-19? The place to be Quite a few commentators have been picking emerging markets as the place to be in 2021. Part of the argument is that many of them (particularly in parts of Asia) coped […]
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9 min read
Aberdeen Emerging Markets benefits from strong fund selection
Aberdeen Emerging Markets (AEMC) has announced its annual results for the year ended 31 October 2020, during which fund selection contributed strongly to the outperformance during the year, allowing AEMC to provide NAV and share price total returns of 8.9% and 12.2% respectively. The chairman, Mark Hadsley-Chaplin, says that there were notable contributions from certain […]
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09 Jul 2020 7 min read
Aberdeen Emerging Markets backs the right funds
Aberdeen Emerging Markets has announced its interim results for the six months ended 30 April 2020, during which stock selection was positive, showing that the managers backed the right funds. However, the period includes the market collapse following the outbreak of the pandemic in March, followed by a partial recovery in April and, reflecting this, […]
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27 May 2020 3 min read
QuotedData’s morning briefing 27 May 2020
Latin America is now the centre of the pandemic. While Brazil has been in the headlines most, there are concerns that Venezuela is particularly unprepared to cope, were cases to escalate. The BBC reports that on a per capita basis, Ecuador is the worst affected country in the region. Flexible investment company, Caledonia (CLDN), reported […]
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31 Mar 2020 2 min read
QuotedData’s morning briefing 31 March 2020
In QuotedData’s morning briefing for 31 March 2020: Banks turn off dividend tap? – The Financial Times has a story that the Prudential Regulation Authority will soon force UK banks to suspend their dividend payments. This would knock a big hole in the income of some UK equity income funds. This follows a similar move […]
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13 Feb 2020 2 min read
Aberdeen Emerging did well last year
Aberdeen Emerging did well last year – over the year ended 31 October 2019, it generated a NAV return of 14.1% against 10.1% for the MSCI Emerging Markets Index. The return to shareholders was 13.2%. Dividends totalling 21p were paid out for this year and the board intends to pay at least 22p for the […]
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23 Aug 2019 2 min read
Aberdeen Emerging breaks liquidity listing rule
Aberdeen Emerging breaks liquidity listing rule – At 12:32 today Aberdeen Emerging Markets Investment company made the following announcement: “Announcement regarding shares in public hands The Board of AEMC announces that the number of ordinary shares which are deemed by the Listing Rules to be held in public hands is below the minimum 25% threshold. […]
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01 Feb 2019 5 min read
Aberdeen Emerging: underlying managers struggled in 2018
Aberdeen Emerging: underlying managers struggled in 2018 – Aberdeen Emerging Markets underperformed the MSCI Emerging Markets Index over the year to the end of October 2018, returning -12.4% in NAV terms against -9.0% for the benchmark. The discount widened, leaving shareholders with a return of -15.7%. total dividends of 21p were paid in accordance with the […]
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20 Feb 2018 3 min read
Aberdeen Emerging Markets announce positive news and developments
Aberdeen Emerging Markets announce positive news and developments – Aberdeen Emerging Markets Investment Company Limited (“AEMC”) has delivered its annual report and accounts to year ending 31st October 2017. In it they reported performance for the 12 month period, as well as some significant changes. Over the year to 31 October 2017, the company’s NAV total […]
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31 Jul 2017 4 min read
Aberdeen Emerging new dividend policy new fee
Aberdeen Emerging new dividend policy new fee – these measures are being implemented by the Board in recognition of current trends within the sector and to enhance and broaden the appeal of the Company to investors. Background The Board is pleased with the progress made by the Company in recent years with regard to revised management […]
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05 Apr 2017 1 min read
Aberdeen Emerging Markets agrees a new £25m revolving loan facility
Aberdeen Emerging Markets has announced that it has entered into a one year unsecured multicurrency revolving loan facility, with The Royal Bank of Scotland, for an amount of £25 million. It says that the facility is for general working capital purposes and for the acquisition of investments in accordance with its investment policy. About Aberdeen […]
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31 Jan 2017 2 min read
Aberdeen Emerging marginally behind benchmark
Aberdeen Emerging has reported results for the year ended 31 October 2016. In an otherwise good year, the fund was marginally behind its benchmark. The net asset value total return for the year was 36.4%, slightly behind the total return of 37.7% from the benchmark index, the MSCI Emerging Markets Net Total Return Index (in […]
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28 Jun 2016 1 min read
Aberdeen Emerging’s Asian exposure works in its favour
Aberdeen Emerging Markets Investment Company beat its benchmark over the six months ended 30 April 2016. The company’s net asset value total return for the period was 6.1%, comparing favourably with a return of 5.6% from the benchmark index, the MSCI Emerging Markets Net Total Return Index (in sterling terms). The share price total return […]
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26 Jan 2016 5 min read
Advance Developing Markets outperformance driven by fund selection
Advance Developing Markets has announced its annual results for the year ended 31 October 2015. During the year, the Company’s NAV declined by 8.1% compared thereby outperforming its MSCI Emerging Markets Index benchmark, which fell 11.4%. The share price fell by 9.5%, which reflects a modest widening in the discount. The average discount during the […]
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15 Sep 2015 1 min read
Aberdeen buys manager of Advance Developing and Advance Frontier
The Board of Advance Developing Markets Fund Limited announces that it has been informed by Advance Emerging Capital Limited, the investment manager of ADMF, that an agreement has been reached with Aberdeen Asset Management PLC whereby Aberdeen will acquire 100% ownership of Advance Emerging Capital. The transaction is subject, inter alia, to regulatory approval from the UK […]
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26 Jun 2015 1 min read
Advance Developing held back by China underweight
Advance Developing Markets has released its interim results covering the six months to the end of April 2015. Over that period the total return on net assets was 6.9% and the return to shareholders 6.6% while the return on the MSCI Emerging Markets Index was 8.3%. The manager’s report says that being underweight China at […]
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27 Jan 2015 1 min read
Advance Developing Markets let down by asset allocation
Advance Developing Markets has published its results for the year that ended on 31 October 2014. Over that period the fund saw its asset value fall by 0.3% and its share price fall by 2.3% while its benchmark, the MSCI Emerging Markets Index rose by 0.9%. The managers’ report says that good fund selection and […]
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20 Jun 2014 1 min read
Advance Developing Markets : ADMF – interims
Advance Developing Markets has released its interim figures covering the six months ended 30 April 2014. The net asset value return marginally outperformed the benchmark (the MSCI Emerging Markets) falling by 7.7% vs. a 7.8% fall in the index. the fund’s discount widened however to leave shareholders with a return of -10.6%. Overweighting Russia detracted […]
Upcoming Events
Videos
In The Press
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16 Feb 2021 2 min read
Emerging markets are already on the road to recovery
Don’t wait for the UK to bounce back – emerging markets are already on the road to recovery: There’s a world of ways to revive your investments By ROSIE MURRAY-WEST, FINANCIAL MAIL ON SUNDAY PUBLISHED: 21:52, 13 February 2021 | UPDATED: 10:08, 14 February 2021 Talk of a bounce back from the economic devastation wreaked by Covid-19 may feel a […]
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12 Feb 2021 2 min read
Strong as an Ox? The Chinese economy
Strong as an Ox? The Chinese economy has performed well during the pandemic – here are three potential opportunities for investors By JAYNA RANA FOR THISISMONEY.CO.UK PUBLISHED: 07:35, 12 February 2021 | UPDATED: 08:52, 12 February 2021 Today is Chinese New Year and those celebrating will welcome in the Year of the Ox, which symbolises strength and determination. These traits […]
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03 Dec 2020 2 min read
Investment trust insider on emerging markets
Investment trust insider on emerging markets – James Carthew: Who to back in the emerging markets rally? The good news that we have had over the past few weeks on the US election and vaccines to tackle Covid-19 have helped drive a recovery in emerging markets investment trusts. Shares in JPMorgan Emerging Markets (JMG), Mobius (MMIT) […]
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22 Nov 2020 2 min read
Fundsmith Emerging Equities Trust surprises with first share buyback
Fundsmith Emerging Equities Trust surprises with first share buyback By Jessica Tasman-Jones, 18 Nov 20, Portfolio Adviser The Fundsmith Emerging Equities Trust (Feet) has launched its first ever share buyback three months after its chairman criticised the discount control mechanism in the investment trust’s interim results. The £340m investment trust purchased 15,684 shares on Tuesday at […]
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02 Jun 2020 2 min read
Investment trust insider on emerging markets
Investment trust insider on emerging markets – James Carthew: there’s value in emerging markets as investors rush to take cover In uncertain times, it makes sense that investors turn to sectors with defensive earnings, such as utilities and infrastructure. Ecofin Global Utilities and Infrastructure (EGL), which I hold, is trading at asset value and issuing shares. […]
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28 May 2020 2 min read
Bargain Hunter: three investment trust picks
Bargain Hunter: three out-of-form investment trusts with cheap price tags Following the steep market falls two months ago there remain numerous examples of investment trusts trading on wider discounts than their 12-month average discount figure. May 28, 2020 by Kyle Caldwell Heavy stock market falls during a six-week period in February and March negatively impacted the majority of investment […]
