Aberdeen New Drawn Investment Trust plc is an investment trust that invests in equities in the Asia Pacific region excluding Japan, to deliver a high level of capital growth to its investors and shareholders. To diversify the portfolio risk the trust invest in the high quality listed securities across a wide range of sectors and economies. Its shares are listed on the premium segment of the London Stock Exchange as LON: ABD. The trust invests in a wide range of sectors to diversify its risk, such as banks, automobiles, beverages, Insurance, capital market, beverages, air freight & logistics, biotechnology, construction material, food products, telecommunication services, healthcare, hotels, restaurants & leisure, information technology, oil & gas, real estate, retail and many more. The trust compares its portfolio’s performance with its benchmark, MSCI All Countries Asia Pacific (Excluding Japan Index).
The trust has outsourced its investment activities to its investment manager, Aberdeen Standard Investment (Asia) Limited, which is based in Singapore and is the wholly owned subsidiary of the Standard Life Aberdeen plc. The trust has appointed Aberdeen Standard Fund Manager Limited as its Alternative investment fund manager and BNP Paribas Securities Services (London) as its Depositary under the Alternative Investment Fund Managers Directive (AIFMD).
To enhance the performance of its portfolio and diversify its risk the trust follows its investment policy to invest and construct its portfolio which includes; the trust may invest in the listed securities outside Asia Pacific region and through collective investment schemes, provided that more than 75% of its consolidated revenue to be generated from trading in the Asia Pacific region or they hold more than 75% of its consolidated net assets in the Asia Pacific Region. The board decides the gearing policy for the portfolio to enhance the return, it should not be more than 25% and it can borrow for short to medium term. No more than 15% of its gross assets should be invested in other investment trust or companies. The portfolio should consist of investment in a stock up to 15% of the trust’s gross assets at the time of investments. For the purpose of efficient portfolio management the trust may invest in derivative instruments, money market instruments, financial instruments and currencies. The trust, with the approval of its shareholders may make material changes to its investments in the form of an ordinary resolution.
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