Invesco Asia Trust NAV falls 5.5% as China concerns 'dominate'

Co-manager appointed

The Invesco Asia Trust saw its net asset value per share fall by 5.5% in the six months to October 2021, as Asian markets “struggled for direction”.

Both the NAV and the trust's share price total return, which was at -4.9% as of the end of October, underperformed the benchmark index. Ian Hargreaves, co-manager of the trust, said: "Having recovered strongly from last year's lows, Asian markets have struggled for direction over the last six months. Invesco bolsters multi-asset team "China concerns have dominated with the authorities' pursuit of tighter regulation of the ‘new economy' sectors causing a surprise to markets and a fall in valuations from over-extended levels. Yet against this backdrop, portfolio performance has proved...