INVESCO Asia Trust PLC Edison issues review on Invesco Asia Trust (IAT)
19 March 2019 - 11:12PM
RNS Non-Regulatory
TIDMIAT
INVESCO Asia Trust PLC
19 March 2019
London, UK, 19 March 2019
Edison issues review on Invesco Asia Trust (IAT)
Invesco Asia Trust (IAT) aims to provide significant capital
returns over the long-term through investing in listed companies in
Asia. It follows a rigorous bottom-up investment process with few
constraints, to build a relatively concentrated 50-70 stock
portfolio representing the manager's highest-conviction ideas over
a three- to five-year horizon. The approach also emphasises the
valuation discipline and favours cash-generative companies, which
is reflected in the underlying portfolio yield of c 3%. IAT has
increased its annual dividend in seven out of the past 10 years and
over that time has delivered an annualised NAV total return of c
16%.
IAT is trading on a discount to ex-income NAV of 4.8%, which is
below the three-year average of 10.6%. The board has a proactive
approach to managing the discount and, under the new chairman Neil
Rogan, has recently taken measures to broaden the trust's appeal.
These include the introduction of an interim dividend (2.8p per
share) and a tiered fee structure, reducing the fee for assets over
GBP250m. The board also aims to raise the trust's profile,
including increased direct engagement with individual investors.
These efforts could help narrow the trust's discount.
Click here to view the full report.
All reports published by Edison are available to download free
of charge from its website
www.edisoninvestmentresearch.com
About Edison: Edison is an investment research and advisory
company, with offices in North America, Europe, the Middle East and
AsiaPac. The heart of Edison is our world-renowned equity research
platform and deep multi-sector expertise. At Edison Investment
Research, our research is widely read by international investors,
advisers and stakeholders. Edison Advisors leverages our core
research platform to provide differentiated services including
investor relations and strategic consulting.
Edison is authorised and regulated by the Financial Conduct
Authority.
Edison is not an adviser or broker-dealer and does not provide
investment advice. Edison's reports are not solicitations to buy or
sell any securities.
For more information please contact Edison:
Helena Coles, +44 (0)20 3077 5700
Mel Jenner, +44 (0)20 3077 5720
investmenttrusts@edisongroup.com
Learn more at www.edisongroup.com and connect with Edison
on:
LinkedIn https://www.linkedin.com/company/edison-investment-research
Twitter www.twitter.com/Edison_Inv_Res
YouTube www.youtube.com/edisonitv
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
NRABDGDXIGBBGCC
(END) Dow Jones Newswires
March 19, 2019 08:12 ET (12:12 GMT)
Invesco Asia (LSE:IAT)
Historical Stock Chart
From Apr 2024 to May 2024
Invesco Asia (LSE:IAT)
Historical Stock Chart
From May 2023 to May 2024