Aberdeen Standard Asia Focus trust proposes package of reforms to make trust 'more competitive'

Amending investment policy

Kathleen Gallagher
clock • 2 min read
Hugh Young will be joined by Flavia Cheong
Image:

Hugh Young will be joined by Flavia Cheong

The board of the £555.3m Aberdeen Standard Asia Focus trust has put forward a package of reforms as it looks to make the trust “more competitive” and give shareholders, particularly retail, “more meaningful participation” in the trust’s success.

The trust is trading on a 12.7% discount, according to the Association of Investment Companies (AIC), the largest discount of the three trusts that sit in the Asia Pacific Smaller Companies AIC sector. The board said it conducted a "comprehensive review" of the trust's long-term strategy, consulting with abrdn, outside specialists in the Asian markets and the company's major shareholders. Following the review, the board is recommending the investment policy be amended to allow the manager to invest in "growing" smaller companies. The managers are currently restricted to companies with...

To continue reading this article...

Join Investment Week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Investment Trusts

Trustpilot