Aberdeen New India Investment Trust Plc

Asia Equities

Rated Fund 2017-2018. Capitalises on political reform

The investment trust structure can be especially useful for specialist, more volatile investments as managers can take a longer-term approach. This could be particularly beneficial for gaining exposure to India, which is expected to become the world's third largest economy by 2030, behind China and the US.

New India is managed by Adrian Lim of Aberdeen Standard Investments' Asian equity team, which has an excellent track record in this part of the world. He invests in 40 companies across a wide range of sectors. He uses a bottom-up investment process, seeking and holding quality companies with good fundamentals, strong balance sheets and the earnings power to pay increasing dividends, in order to ensure the trust can outperform over the long term. Indian equities were one of the best-performing Asian markets during 2017, which Lim has attributed to prime minister Narendra Modi's latest efforts to build a resilient economy. His government plans to inject a record 2.1 trillion rupees into state-owned banks over two years to tackle their bad debts, and to spend $100 billion on expanding the country's road network over the next five years. The fund has more than 20 per cent of assets in financials and a number of infrastructure-related holdings, which stand to benefit. Lim points to India's advance on the World Bank's 'ease of doing business' ranking in 2017 � from 130th to 100th out of 190 countries � as further proof that the reforms of Modi's administration, which has been in power since 2014, are having the intended effect. Shares in the trust can typically be picked up on a modest double-digit discount to net asset value.

Narrative and ratings content all as of 01 January 2018.

See all Money Observer rated funds
Name
Aberdeen New India Investment Trust Plc
Manager
Aberdeen
Type
Closed Ended Investment Company
ISIN
GB0006048770
Sector
Country Specialists: Asia Pacific
Launched
09/12/2004
OCF
1.23 %
Risk Rating
3
3 Year Sharpe
0.48
3 Year Alpha
-1.95
Yield
0 %
Benchmark
MSCI India GR USD
Fund Size
£ 252.82 million
NAV
503
Gearing
104
Discount Premium
-14
To achieve long-term capital appreciation by investing in companies which are incorporated in India or which derive significant revenue or profit from India, with dividend yield from the company being of secondary importance.
Holding %
Housing Development Finance Corp Ltd 8.89 %
Tata Consultancy Services Ltd 8.48 %
ITC Ltd 4.87 %
Kotak Mahindra Bank Ltd 4.75 %
Infosys Ltd 4.68 %
Hindustan Unilever Ltd 4.34 %
Container Corporation of India Ltd 3.79 %
Piramal Enterprises Ltd 3.66 %
Godrej Consumer Products Ltd 3.45 %
Nestle India Ltd 3.34 %
Region %
Asia - Emerging 98.58 %
Sector %
Financial Services 23.02 %
Consumer Defensive 18.87 %
Technology 18.15 %
Basic materials 11.14 %
Healthcare 9.77 %
Consumer Cyclical 7.36 %
Industrials 5.75 %
Name
Aberdeen
Address
EC4M 9HH, London, United Kingdom
UCITS
No
Legal Structure
Closed Ended Investment Company

Managers

Pruksa Iamthongthong
Joined 08/01/2007

Pruksa Iamthongthong is a Senior Investment Manager on the Asian Equities Team. Pruksa joined Aberdeen in 2007. Pruksa holds a BA in Business Administration from Chulalongkorn University, Thailand and is a CFA® charterholder.

Adrian Lim
Joined 12/09/2004

Adrian Lim is a Senior Investment Manager on the Asian Equities Team. Adrian originally joined Aberdeen in 2001 as a Manager on the Private Equity Team, on the acquisition of Murray Johnstone, but transferred to his current post soon afterwards. Previously, Adrian worked for Arthur Andersen LLP as an Associate Director advising clients on mergers & acquisitions in the region. Adrian holds a BAcc from Nanyang Technological University, Singapore and is a CFA® charterholder. CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

Flavia Cheong
Joined 12/09/2004

Flavia Cheong is the Head of Asia Pacific ex Japan Equity on the Asian Equities team, where, as well as sharing responsibility for company research, she oversees regional portfolio construction. Before joining Aberdeen in 1996, she was an economist with the Investment Company of the People’s Republic of China, and earlier with the Development Bank of Singapore. Flavia graduated with a BA in Economics and an MA (Hons) in Economics from the University of Auckland. She is a CFA charterholder. CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

Kristy Fong
Joined 12/09/2004

Kristy Fong is a Senior Investment Manager on the Asian Equities Team. Kristy joined Aberdeen in 2004 from UOB KayHian Pte Ltd where she was an Analyst. Kristy holds a BA (Hons) in Accountancy from Nanyang Technological University, Singapore and is a CFA® charterholder. CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

Hugh Young
Joined 12/09/2004

Hugh Young is a Director of Aberdeen Asset Management PLC and Managing Director of the Group's Asian business. He is in overall charge of active equities, fixed income, property and solutions for the Group. Hugh joined Aberdeen in 1985 to manage Asian equities from London, having previously held posts at Fidelity International and MGM Assurance. He founded Singapore-based Aberdeen Asia in 1992 and since then he has built the company into one of the largest and most well-respected managers of such assets globally. Hugh graduated with a BA (Hons) in Politics from Exeter University.

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