Edinburgh Dragon Trust plc
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Investor Warning

Please be aware of scams that can affect investors.

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NMPI Status

The Company currently conducts its affairs so that securities issued by Edinburgh Dragon Trust plc can be recommended by financial advisers to ordinary retail investors in accordance with the FCA’s rules in relation to non-mainstream pooled investment products (NMPIs) and intends to continue to do so for the foreseeable future.

The Company’s securities are excluded from the FCA’s restrictions which apply to non-mainstream investment products because the company would qualify as an investment trust if the company were based in the UK.

 

Pre-investment Disclosure Document (PIDD)

The Alternative Investment Fund Manager Directive (“AIFMD”) requires Aberdeen Fund Managers Limited, as the alternative investment fund manager of Edinburgh Dragon Trust plc, to make available to investors certain information prior to such investors’ investment in the Company.

The AIFMD is intended to offer increased protection to investors in investment products that do not fall under the existing European Union regime for regulation of investment products known as “UCITS”.

Read the PIDD for Edinburgh Dragon Trust

 
 

Morningstar Ratings

Analyst Rating

Gold Rating

Fund Rating

4 Star Rating
 
 

Risk Warning

The value of investments and the income from them may go down as well as up and investors may get back less than the amount invested. The tax benefits relating to ISA investments may not be maintained. Please refer to the Key Facts documents contained in the ISA/Share Plan Brochure & Application form for general and specific investment risks attaching to the individual trusts.

Read the detailed Risk Warning
 

Past Performance

Past performance is not a guide to future results.
See latest monthly factsheet below for performance history.

 
 

Daily Data

At close 02-Jul-2015

Ord
Price272.00p
NAV**303.53p
Prem/-Disc**-10.39%

3.5% CULS 2018
Price105.50
NAV**100.00
Prem/-Disc**5.50%


* Debt at market value
** Debt at par
Source: Morningstar, NAV = Net Asset Value, excluding income.

 
 
 
 
 

Portfolio Holdings Disclaimer

Holdings are subject to change at any time. Holdings should not be relied upon in making investment decisions and should not be construed as research or investment advice regarding specific securities. By accessing the portfolio holdings, you agree not to reproduce, distribute or disseminate the portfolio holdings, in whole or in part.

 
 

Trust Details

Edinburgh Dragon Trust PLC

Registered Office:
40 Princes Street,
Edinburgh
EH2 2BY

Registered in Scotland as an Investment Company Number 106049

 

Edinburgh Dragon Trust plc

Objective

To achieve long term capital growth through investment in the Far East. The company’s benchmark index is the MSCI All Country Asia (ex Japan) Index. Investments are made in stock markets in the region, with the exception of Japan and Australasia, principally in large companies. When appropriate, the trust will utilise gearing to maximise long term returns.

 

Edinburgh Dragon Trust plc Annual Report for the year ended 31 August 2014
Adrian Lim, Senior Investment Manager

In this webcast, Adrian Lim, gives an update on a wide range of subjects including performance, a sector breakdown, the twenty largest investments and an outlook for the Trust.

Click here to listen to the presentation.

 

 

Manager's Monthly Report

May 2015

Market Review

interest rates and announced fresh initiatives to liberalise its capital markets. India and Indonesia also advanced. Conversely, Singapore was hurt by investors’ concerns over the banking, property and energy sectors, while Malaysia also fell.

Portfolio Review

In first-quarter results news, HSBC’s solid earnings were driven by a rebound in the global banking arm and steady performances in its retail and commercial units.

In Singapore, City Developments’ earnings were flat as higher contributions from property development and hotels were counterbalanced by an increase in administrative expenses and operating costs. ST Engineering aims to keep 2015 sales and profits stable from the previous year. This was despite continued sluggishness in its US marine division and lower earnings from its land systems unit. The company’s order book remains resilient and cash flows are healthy.

Thailand’s PTT Exploration and Production contained losses through effective cost controls and a lower tax rate mitigated weaker selling prices.

In May, we added to Indian conglomerate ITC on share price weakness, after quarterly results revealed sluggish sales following the hike in excise duties on cigarettes. Nevertheless, we believe the company’s long-term fundamentals remain intact.

Outlook

Continued loose monetary policy alone is insufficient to revive economic growth or counter deflationary threats, as long as structural weaknesses persist. Instead, such measures have merely served to inflate global asset prices. While some of our holdings have benefited from the run-up, markets are starting to appear frothy. Unless corporate earnings recover, share prices could be due for a correction in light of the Federal Reserve’s anticipated hike in interest rates. That said, Asian markets have priced in a Fed tightening to some extent and corporates are well financed with healthy balance sheets and manageable debt levels. Regional policymakers have taken steps to improve the financial position of their economies, by increasing taxes, reducing subsidies and boosting foreign currency reserves.


Source: Monthly Factsheet Aberdeen Asset Managers Limited

 
 
 
 
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