14 Feb 2023 08:42
abrdn New Dawn - Update research from QuotedData
14th February 2023
A quality captain for a troubled pacific
abrdn New Dawn (ABD) ended 2022 with the peculiar, if compelling, combination of the second-best 12-month performance within its peer group, and its shares trade at the widest discount to net asset value (NAV), at 11.5%. Manager James Thom has highlighted the ongoing complexity of navigating the Asia Pacific region which is made up of a diverse range of countries, all with varying outlooks.
Whilst ABD has underperformed its benchmark (the MSCI All Countries Asia Pacific ex Japan index) over the last 12 months, as more speculative sections of the market have bounced back from recent lows, it remains ahead of its peers, with James's process generating sector-leading consistency in its outperformance over the longer-term.
Though headwinds undoubtedly remain for the Asia-Pacific, investors should be reassured by a long history of outperformance and a focus on high quality assets, which target factors such as balance sheet strength and margin resilience, that should help insulate the fund from further economic weakness brought about by inflation and rising interest rates. This in combination with ABD's comparatively wide discount, may make it an attractive time to buy.
Full Research:
https://quoteddata.com/research/abrdn-dawn-quality-captain-troubled-pacific-qd/
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