Investment Trusts

Abrdn Asia Focus PLC

AAS:LSE

Abrdn Asia Focus PLC

  • Price (GBX)284.00
  • Today's Change-1.00 / -0.35%
  • Shares traded118.13k
  • 1 Year change12.25%
  • Beta0.9075
Data delayed at least 20 minutes, as of Jul 04 2024 16:37 BST.
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Profile data is unavailable for this security.

About the company

abrdn Asia Focus plc is a United Kingdom-based closed-end investment company. It aims to attract long-term private and institutional investors wanting to benefit from the growth prospects of Asia’s smaller companies. Its investment objective is to maximize total return to shareholders over the long term from a portfolio made up predominantly of quoted smaller companies in the economies of Asia excluding Japan. It may invest in a diversified portfolio of securities, including equity shares, preference shares, convertible securities, warrants and other equity-related securities, predominantly issued by quoted smaller companies spread across a range of industries and economies in the investment region. Its investment region includes Bangladesh, Cambodia, China, Hong Kong, India, Indonesia, Korea, Laos, Malaysia, Myanmar, Pakistan, The Philippines, Singapore, Sri Lanka, Taiwan, Thailand and Vietnam, together with such other economies in Asia. Its investment manager is abrdn Asia Limited.

  • Revenue in GBP (TTM)28.10m
  • Net income in GBP15.64m
  • Incorporated1995
  • Employees0.00
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Profile

Management group(s)abrdn Fund Managers Limited
AIC sectorAsia Pacific Smaller Companies
ISINGB00BMF19B58
Launch date19 Oct 1995
Share typeOrdinary Share
StructureInvestment Trust
Base currencyGBP

Objective

The Company may invest in a diversified portfolio of securities (including equity shares, preference shares, convertible securities, warrants and other equity-related securities) predominantly issued by quoted smaller companies spread across a range of industries and economies in the Investment Region. The Investment Region includes Bangladesh, Cambodia, China, Hong Kong, India, Indonesia, Korea, Laos, Malaysia, Myanmar, Pakistan, The Philippines, Singapore, Sri Lanka, Taiwan, Thailand and Vietnam, together with such other economies in Asia as approved by the Board.

Managed by

Flavia Cheong, Gabriel Sacks, Ng Xin Yao

Management & contract fees

The management fee is 0.85% of the first GBP250m, 0.6% of the next GBP500m and 0.5% of GBP750m and above. Contract terminable on notice period of 3 months.

Peer analysis

CompanyRevenue (TTM)Net income (TTM)Market capEmployeesMarket Cap /
Employees
Mattioli Woods plc115.40m9.91m413.10m896.00413.10m896.00
JPmorgan Claverhouse Investment Trst PLC33.24m28.22m415.09m0.00415.09m0.00
Utilico Emerging Markets Trust PLC70.53m57.89m415.96m0.00415.96m0.00
Admiral Acquisition Ltd0.0010.78m420.42m0.00420.42m0.00
abrdn New India Investment Trust PLC111.31m91.02m422.50m0.00422.50m0.00
Jupiter Fund Management PLC405.60m-12.90m427.26m527.00427.26m527.00
Georgia Capital PLC174.81m172.71m429.92m47.00429.92m47.00
Liontrust Asset Management PLC197.89m-3.49m432.47m253.00432.47m253.00
Abrdn Asia Focus PLC28.10m15.64m438.11m0.00438.11m0.00
IP Group Plc-4.90m-171.30m442.09m95.00442.09m95.00
Schroder Asian Totl Retrn Invstmt Co PLC43.51m35.38m442.42m0.00442.42m0.00
Ashoka India Equity Investment Trust PLC69.74m54.52m445.06m0.00445.06m0.00
Jpmorgan Uk Small Cap Growth & IncomePLC13.58m9.66m448.03m0.00448.03m0.00
Polar Capital Global Healthcare Trst PLC85.55m78.00m452.34m0.00452.34m0.00
Pacific Assets Trust plc5.20m-6.06m459.64m0.00459.64m0.00
Pollen Street Group Ltd103.16m40.41m461.74m82.00461.74m82.00
Data as of Jul 04 2024. Currency figures normalised to Abrdn Asia Focus PLC's reporting currency: UK Pound GBX

Institutional shareholders

65.45%Per cent of shares held by top holders
HolderShares% Held
City of London Investment Management Co. Ltd.as of 25 Jun 202436.73m23.88%
Allspring Global Investments LLCas of 27 Mar 202418.89m12.28%
abrdn Investments Ltd.as of 31 Jul 202311.59m7.53%
Bill & Melinda Gates Foundation Trust (Investment Management)as of 01 Jun 202410.40m6.76%
Abrdn Asia Ltd.as of 31 Jul 20235.52m3.59%
1607 Capital Partners LLCas of 31 Jul 20235.34m3.47%
Charles Stanley & Co. Ltd. (Investment Management)as of 31 Jul 20235.06m3.29%
Hargreaves Lansdown Asset Management Ltd.as of 01 Jun 20243.01m1.95%
Legal & General Investment Management Ltd.as of 01 Jun 20242.10m1.36%
Investec Wealth & Investment Ltd.as of 01 Jun 20242.04m1.33%
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Data from 31 Jul 2023 - 03 Jun 2024Source: FactSet Research Systems Inc.
Data Provided by LSEG
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