Update research from QuotedData
14/02/2023 08:42
For best results when printing this announcement, please click on link below: http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230214:nRSN8613Pa&default-theme=true RNS Number : 8613P abrdn New Dawn Invest Trust plc 14 February 2023 abrdn New Dawn - Update research from QuotedData 14(th) 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/ (https://quoteddata.com/research/abrdn-dawn-quality-captain-troubled-pacific-qd/) This research is also available free on our website www.quoteddata.com (http://www.quoteddata.com) where you will also find news, performance data and factsheets on every London listed Investment Company. QuotedData writes and distributes research on a number of quoted companies, facilitates meetings between those companies and existing and potential investors and assists in raising additional capital where required. 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. QUOTEDDATA 50 Gresham Street | London EC2V 7AY Tel: +44 (0) 20 3691 9430 www.quoteddata.com (http://www.quoteddata.com) | research@quoteddata.com (mailto:research@quoteddata.com) | www.martenandco.com (http://www.martenandco.com) This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com (mailto:rns@lseg.com) or visit www.rns.com (http://www.rns.com/) . Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word “Reach” in the source column of the News Explorer pages of London Stock Exchange’s website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news. RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy) . END NRAGPUBWPUPWURC