ABD.L Regulatory News (ABD)

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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NB: Marten & Co was paid to produce this note on abrdn New Dawn Investment Trust Plc and it is for information purposes only. It is not intended to encourage the reader to deal in the security or securities mentioned in this report. Please read the important information at the back of this note. QuotedData is a trading name of Marten & Co Limited which is authorised and regulated by the Financial Conduct Authority. Marten & Co is not permitted to provide investment advice to individual investors categorised as Retail Clients under the rules of the Financial Conduct Authority.

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