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Aberdeen New Thai Investment Trust
Unit Investment Trusts, Face-Amount Certificate Offices, and Closed-End Management Investment Offices United Kingdom
Company Description
Objective of Aberdeen New Thai Investment Trust Plc
" The objective of Aberdeen New Thai Investment Trust PLC is to provide shareholders with a high level of long-term, above-average capital growth through investment in Thailand.
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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
Investing in a balanced Asian economy
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 investment of the Trust are made, the value of your investment will reduce and vica 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. Exposure to a single country market increases potential volatility. 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.
Executives
- Keith Falconer, Chairman and Independent Non-Executive Director
- Appointed a Non Executive Director of Aberdeen New Thai Investment Trust in 2004 and appointed Chairman in 2005. Keith is Executive Chairman of Impax Group plc, an AIM listed company specialising in renewable energy, water and waste. The business has grown considerably in the last few years (www.impax.co.uk). Keith worked for Martin Currie Limited for 25 years in various senior positions, retiring in 2003 as head of Sales and Client Service. He is also chair of Martin Currie Absolute Return Fund, Ajia Partners Asia Absolute Return Master Fund Limited, Adelphi Distillery Limited and a number of other companies.
- Peter Bristowe, Independent Non-Executive Director
- Appointed a Director in June 2005, Peter Bristowe is formerly Hong Kong Country Chief Executive for Hoare Govett with extensive experience of Asian equity sales. He has been involved since 1999 with businesses promoting SmallCap company research as co-founder of Edison Investment Research in 2003.
- James Robinson FCA, Independent Non-Executive Director
- Appointed a Director on 14 December 2006. Formerly with Henderson Global Investors whom he joined in 1990 as Head of Far East Equities and, from 2000 to 2004, Chief Investment Officer of Investment Trusts, including responsibility for Witan Investment Trust. He is also a Non-executive director of Invesco Asia Trust and Fidelity European Values.
- 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. "