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Aberdeen New Dawn Investment Trust Plc
Unit Investment Trusts, Face-Amount Certificate Offices, and Closed-End Management Investment Offices United Kingdom
Company Description
Objective of Aberdeen New Dawn Investment Trust Plc
"The Company is an investment trust and its shares are listed on the London Stock Exchange. The Company is a member of the Association of Investment Companies. The objective of Aberdeen New Dawn Investment Trust PLC is to provide shareholders with a high level of capital growth through equity investment in the Asia Pacific countries excluding Japan. In addition, it is the Investment policy of the company to invest in no more than 15 per cent of its gross assets in other listed investment companies (including listed investment trusts).
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About Aberdeen Asset Management
Aberdeen Asset Management PLC is an international investment management group, managing assets for both retail and institutional clients from offices around the world. Listed on the London Stock Exchange since 1991, the group had over £184.4 billion under management as at 29 February 2012. Our headquarters are in Aberdeen, but we place our people near the companies and markets in which they invest. Today we have staff based in 23 countries.
Featured Media
Aberdeen New Dawn Investment Trust PLC – Tapping into Asian growth
Important information Risk factors you should consider prior to investing: In common with most investment companies, investment trusts may borrow to finance further investment (gearing). The use of gearing is likely to lead to volatility in the Net Asset Value (NAV) meaning that a relatively small movement, down or up, in the value of a trust’s assets will result in a magnified movement, in the same direction, of that NAV. Movements in exchange rates can impact on both the level of income received and the capital value of your investment. If the currency of your country of residence strengthens against the currency in which the underlying investments of the Trust are made, the value of your investment will reduce and vice versa. The Trust invests in emerging markets which tend to be more volatile than mature markets and the value of your investment could move sharply up or down. In some circumstances the underlying investments may become illiquid which may constrain the Investment Manager’s ability to realise some or all of the portfolio. The registration and settlement arrangements in emerging markets may be less developed than in more mature markets so the operational risks of investing are higher. Political risks and adverse economic circumstances are more likely to arise putting the value of your investment at risk. The value of shares and the income from them can go down as well as up and you may get back less than the amount invested. Past performance is not a guide to the future. There is no guarantee that the market price of shares in the Trust will fully reflect their underlying Net Asset Value. As with all stock exchange investments the value of investment trust shares purchased will immediately fall by the difference between the buying and selling prices, the bid–offer spread. Other important information: Issued by Aberdeen Asset Managers Limited which is authorised and regulated by the Financial Services Authority in the United Kingdom. Registered Office: 10 Queen’s Terrace, Aberdeen AB10 1YG. Registered in Scotland No. 108419. An investment trust should be considered only as part of a balanced portfolio. Under no circumstances should this information be considered as an offer or solicitation to deal in investments.
Executives
- David Shearer, Chairman and Non-Executive Director
- David Shearer is a board level strategic advisor and turnaround specialist. He is chairman of Mouchel Group plc and was previously chairman of Crest Nicholson PLC and a non-executive director of City Inn Limited, where he led the successful restructuring of these respective businesses. He is also a non-executive director of STV Group plc, Mithras Investment Trust PLC, Superglass Holdings PLC, Renold plc and Martin Currie Holdings Limited.
- Richard Hills, Senior Independent Director
- Richard Hills was formerly a director of Henderson Administration Ltd and a member of its investment policy committee. He was the administration director of the Institute for Quantitative Research and a founder director of FairFX, the pre-paid currency card provider. He is currently Head of Risk at Argyll Investment Services Ltd, and a non-executive director of Henderson Global Trust PLC, JP Morgan Income & Capital Trust plc, Cinven Limited and the Aztec Group Limited.
- Nicholas George , Non-Executive Director
- Nicholas George has over 30 years of experience in investment banking and hedge funds focusing on the Asian region. Having originally qualified as a chartered accountant, he has held positions as a director of Robert Fleming Securities Limited, regional managing director at JP Morgan Securities Asia and managing director at HSBC Securities. In 2003, he co-founded KGR Capital, a leading Asian fund of alternative funds manager which was sold in 2008 to LGT Capital Partners. Currently, Nicholas is a non-executive director of a number of other companies, including GK Goh Holdings Limited, EuNetworks Limited and Millennium & Copthorne Hotels plc.
- Alan Henderson, Non-Executive Director
- Alan Henderson is formerly chairman of Ranger Oil (UK) Limited. He is a director of a number of investment companies.
- John Lorimer, Audit Committee Chairman
- John Lorimer was appointed a Director on 1 January 2010. Previously, he held a number of management positions in Citigroup prior to joining Standard Chartered Bank, where he was group head of finance and latterly group head of compliance and regulatory risk. He is a trustee of the Charities Aid Foundation and chairman of CAF Bank Limited. He is a non-executive Director of BUPA, Thomson Online Benefits and International Personal Finance plc.
- Heather Manners, Non-Executive Director
- Heather Manners is Chief Investment Officer at Prusik Investment Management. Prior to that, she was Head of Asia and Emerging Markets at Henderson Global Investors. She is also a director of Prusik Asia Fund PLC, Prusik Asia Smaller Companies Fund and Prusik Asian Equity Income Fund.
- Hugh Young, Non-Executive Director
- "Hugh was appointed to the Board on 22 March 2011. Hugh Young is managing director of Aberdeen Asset Management Asia Limited, the Aberdeen Group’s regional HQ and group head of equities as well as a member of the executive committee responsible for the Aberdeen Group’s day-to-day running. He co-founded Singapore-based Aberdeen Asia in 1992, having been recruited in 1985 to manage Asian equities from London. Since then he has built the company into one of the largest managers of such assets globally. Singapore employs over 150 staff, while there are 65 investment managers stationed across the region, with offices also in Australia, China, Hong Kong, Japan, Korea, Malaysia, Taiwan and Thailand over which Hugh is in overall charge. Hugh graduated with a BA (Hons) in politics from Exeter University. "