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Invesco Asia Trust plc

July 2017 (Content as at 30 June 2017)

Introduction

Invesco Asia Trust plc update

In his latest update, Ian considers what has been driving the strong start to Asian equities this year, shares his thoughts on what he believes to be the main risks at present and discusses some of the key themes in the portfolio.

Watch Ian’s latest investment trust update

Ian Hargreaves

Video | Duration 08.42

14 March 2017

Ian Hargreaves, Asian Equities Fund Manager, Invesco Perpetual

Investment objective

The Company's objective is to provide long-term capital growth by investing in a diversified portfolio of Asian and Australasian companies. The Company aims to achieve growth in its net asset value (NAV) in excess of the Benchmark Index, the MSCI All Countries Asia ex Japan Index (total return, in sterling terms).

Further details of the Company's Investment Policy and Risk and Investment Limits can be found in the Report of the Directors contained within the Company's Annual Financial Report.

Key facts

Launch date: 11 July 1995

Fund manager: Ian Hargreaves, Fund Manager, Invesco Perpetual. View profile.

View latest company announcements

Company Directors and Company Secretary

Carol Ferguson (Chairman)
Tom Maier
Owen Jonathan
Fleur Meijs
Neil Rogan
Nira Mistry (Company Secretary)

Should you wish to contact a member of the Board of Directors, please do so via the Company Secretary (see Contact details).

Investment risks

The value of investments and any income will fluctuate (this may partly be the result of exchange rate fluctuations) and investors may not get back the full amount invested.

When making an investment in an investment trust you are buying shares in a company that is listed on a stock exchange. The price of the shares will be determined by supply and demand. Consequently, the share price of an investment trust may be higher or lower than the underlying net asset value of the investments in its portfolio and there can be no certainty that there will be liquidity in the shares.

As this is an emerging markets investment trust, investors should be prepared to accept a higher degree of risk than for an investment trust with a broader investment mandate as difficulties in dealing, settlement and custody problems could arise.

The investment trust may invest in derivatives. This means that the net asset value of the investment trust may, at times, be highly volatile. The use of derivative instruments involves certain risks (including market or communication breakdown, counterparty failure and credit risk) and there is no assurance that the objectives for the use of such instruments will be achieved.

The investment trust may use borrowings to invest in the market. The use of borrowings may enhance total return when the value of the investment trust's assets is rising, but it will have the opposite effect when asset values fall. The use of borrowings may increase the volatility of the share price and the net asset value per share. In certain circumstances, the investment trust may be required to repay borrowings and this could adversely affect income and capital returns.

Issued on behalf of the board of the Invesco Asia Trust plc by Invesco Fund Managers Limited.

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Fund manager

Ian Hargreaves

Title: Fund Manager

Team: Invesco Perpetual - Asian Equities

Overview

Objective

Invesco Asia Trust plc's objective is to provide long-term capital growth by investing in a diversified portfolio of Asian and Australasian companies. The investment trust aims to achieve growth in its net asset value ('NAV') in excess of the Morgan Stanley Capital International All Countries Asia Pacific ex Japan Index, measured in sterling. Further details of the investment trust's Investment Policy and Risk and Investment Limits can be found in the Report of the Directors contained within the investment trust's Annual Financial Report.

Fixed interest roundtable Q&A: where next for bond markets?

Video

15 July 2015

Invesco Perpetual Fixed Interest team

In this live roundtable with fund managers from our Fixed Interest team, they discussed key issues including whether the Greek debt crisis matters for bond markets and the current macroeconomic backdrop.

Market commentary

Key facts
Product type Investment trust/company
Launch date 11 July 1995
Total gross assets £260.6m
Dividend yield* 1.5%
Benchmark index MSCI AC Asia ex Japan
Available within an ISA Yes
Available within a Savings Plan Yes

Manager

Ian Hargreaves

Title: Fund Manager
Team: Invesco Perpetual - Asian Equities
Investment trust/company details
Share class Ordinary Share
Currency GBP
Reporting period ends 30 April
Reporting published June/July
AGM July/August
Investment levels (within an ISA/Savings Plan)
Minimum additional lump sum £100
Minimum monthly amount £20
Minimum lump sum £500

Charges (within an ISA/Savings Plan)

Full charges are set out on pages 5 & 6 of the Investment Trust Key Features document, available from the Related features & literature tab.

Holdings

 

Literature

Invesco Asia Trust plc update

Video

19 July 2016

Ian Hargreaves, Asian Equities Fund Manager, Invesco Perpetual

In his latest update, Ian discusses his approach to the management of the investment trust, the countries and sectors that are attracting him and how he is positioning the investment trust in the current global uncertainty.

Invesco Asia Trust plc update

Video

14 March 2017

Ian Hargreaves, Asian Equities Fund Manager, Invesco Perpetual

In his latest update, Ian considers what has been driving the strong start to Asian equities this year, shares his thoughts on what he believes to be the main risks at present and discusses some of the key themes in the portfolio.

China in focus

Article

28 September 2015

Stuart Parks, Head of Asian Equities, Invesco Perpetual

Stuart Parks considers the importance of China’s economic slowdown and what it means for other parts of Asia.

Investment objective

The Company’s objective is to provide long-term capital growth by investing in a diversified portfolio of Asian and Australasian companies. The Company aims to achieve growth in its net asset value (NAV) in excess of the Benchmark Index, the MSCI All Countries Asia Pacific ex Japan Index (total return, in sterling terms). With effect from 1 May 2015 the Company’s benchmark is the MSCI AC Asia ex Japan Index1 (total return, in sterling terms).

Further details of this investment trust’s Investment Policy and Risk and Investment Limits can be found in the Report of the Directors contained within the Annual Financial Report.

Company Directors and Company Secretary

David Hinde (Chairman)
James Robinson
Neil Rogan
Tom Maier
Carol Ferguson

Kelly Nice (Company Secretary)

Should you wish to contact a member of the Board of Directors, please do so via the Company Secretary (see Contact details).

London Stock Exchange

Latest company news

View announcements

Literature and forms

Investment risks

The value of investments and any income will fluctuate (this may partly be as a result of exchange rate fluctuations) and investors may not get back the full amount invested. Depending on individual circumstances, this may affect investment returns. Past performance is not a guide to future returns. The market price of shares in investment trusts may not reflect their underlying net asset value. As this is an emerging markets investment trust, investors should be prepared to accept a higher degree of risk than for an investment trust with a broader investment mandate as difficulties in dealing, settlement and custody problems could arise. The ordinary shares are geared by way of an unsecured revolving credit facility. As a consequence, any reduction in the value of the trusts investments may lead to a correspondingly greater percentage reduction in its net asset value which would be likely to adversely affect the investment trust's share price.

Important information

This information has been issued on behalf of the board of the investment trust and has been approved for issue by Invesco Asset Management Limited, its Manager and Company Secretary. All portfolio figures are as at date shown (source: Invesco Perpetual). 75% of the annual management charge, and any performance-related fees which become payable and loan interest will be deducted from the investment trust's capital, which may boost income but constrain or erode long-term capital growth. When making an investment in an investment trust you are buying shares in a company that is listed on a stock exchange. The price of the shares will be determined by supply and demand. Consequently, the share price of an investment trust may be higher or lower than the underlying net asset value of the investments in its portfolio and there can be no certainty that there will be liquidity in the shares. The information on this page is selective and does not constitute an offer, or an invitation to subscribe for, or purchase, any securities. This page does not form part of any prospectus and application for shares should be considered only on the basis of a full prospectus. Where Invesco Perpetual has expressed views and opinions, these may change. For detailed information on our investment trusts, please contact us.