Fact sheet: Aberdeen New India IT

Rated Fund Information
Rated Funds Group
?Money Observer has arranged all its Rated Funds into easy to understand Rated Fund Groups, comprising funds and investment trusts.
ASIA EQUITIES
Sector
IT Country Specialists: Asia Pacific
Fund type
Investment Trust
Primary aim
GROWTH
Why Money Observer Rates Aberdeen New India IT

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 ヨ from 130th to 100th out of 190 countries ヨ 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.

3 Year Performance
Fund Performance38.2%
Average of Rated Funds Group51.1%
Sector Performance59.1%
Fund information
Fund name
Aberdeen New India Investment Trust PLC Ord 25P
Fund manager company
Aberdeen Fund Managers Ltd
Fund type
Investment Trust
Fund managers
  • Asian Equities Teamsince 09/12/2004
Accolades
Highly Commended - Best Emerging Markets Trust
Fund objective
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.
Benchmark
  • MSCI India
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
-2.3%
1 Year rank in sector
6/7
Sector
IT Country Specialists: Asia Pacific
Yield
-
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
1.31%
Fund size
£261m
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
124
Mid price
442
NAV
?Net asset value. The NAV per share may be higher or lower than the share price, which in turn is trading at either a discount or a premium to NAV.
520.94
Discount/Premium
?When the market price of an investment trust’s shares is less than the net asset value (NAV) per share then it is trading at a discount to NAV. A trust’s shares are on a premium when they trade at a higher price than the NAV.
-15.15
Gearing
?Investment trusts have the ability to borrow money which they invest with the aim of generating a higher return than the cost of the loan. An ungeared trust has a figure of 100. A figure of 110 would represent a trust with 10% gearing.
100
Top in this sector
Fund name1 Year
JP Morgan Chinese IT plc38.8%
Fidelity China Spec Sits Plc31%
VinaCapVietnamOpp26%
Abrdn New Thai IT PLC14.9%
India Cap Grwth-0.6%
...more in IT Country Specialists: Asia Pacific

Performance snapshot

Holdings snapshot

  • India98.3%
    Money Market1.7%
  • Financials23.2%
    Consumer Staples18.6%
    Information Technology15.2%
    Materials14.1%
    Health Care11.9%
  • Indian Equities98.3%
    Money Market1.7%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund2.8%--2.7%-2.3%38.2%81.5%
Sector1.3%-1.7%-0.7%13.9%59.1%103.9%
Rank within sector3 / 72 / 74 / 76 / 76 / 75 / 7
Quartile2nd2nd3rd4th4th3rd
Calendar performance
 YTD - 20182017201620152014
Fund-5.1%25.5%14.9%0.9%54.7%
Sector-2.2%32.5%30.7%-1%35.8%
Rank within sector5 / 75 / 77 / 75 / 72 / 7
Quartile3rd3rd4th3rd2nd
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
-2.93
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
1.05
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
0.53
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
18.2
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
10.45
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
-0.27
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.66
Price movement
52 week high477
52 week low411.5
Current bid price440
Current offer price444
Current mid price442
Region
1India98.3%
2Money Market1.7%
Industry sector
1Financials23.2%
2Consumer Staples18.6%
3Information Technology15.2%
4Materials14.1%
5Health Care11.9%
6Consumer Discretionary5.7%
7Industrials5.4%
8Money Market1.7%
9Telecommunications Utilities1.7%
Asset type
1Indian Equities98.3%
2Money Market1.7%
Individual holdings
1HOUSING DEVELOPMENT FINANCE CORP9.6%
2HOUSING DEVELOPMENT FINANCE CORP9.6%
3TATA CONSULTANCY SERVICES7.3%
4TATA CONSULTANCY SERVICES7.3%
5ITC CORP4.5%
6KOTAK MAHINDRA BANK4.5%
7KOTAK MAHINDRA BANK4.5%
8PIRAMAL ENTERPRISES LTD4.3%
9PIRAMAL ENTERPRISES LTD4.3%
Management
Fund manager group
Aberdeen Standard Investments
Fund manager company
Aberdeen Fund Managers Ltd
Fund type
Investment Trust
Fund objective
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.
Benchmark
  • MSCI India
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Asian Equities Team09/12/2004
Compliance
AIC Member, Transparent for Swiss Tax
Domicile
No data available.
Fund for sale in
United Kingdom
Aberdeen New India Investment Trust PLC Ord
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price520.94
CurrencyGBX
Price updated18/05/2018
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeNJPW
Aberdeen New India Investment Trust PLC Ord 25P
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISAYes
Ongoing charge (OCF)1.31%
Total expense ratio (TER)-
Bid price440
Offer price444
Mid price442
CurrencyGBX
Price updated21/05/2018
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeQT57
Aberdeen New India Investment Trust PLC Ord NAV
Initial charge-
Annual charge1%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price520.94
CurrencyGBX
Price updated18/05/2018
Type-
Institutional or retail classRetail
Domicile-
Citi codeEV25
Data provided by

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