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 WarningPast Performance
Past performance is not a guide to future results.
See latest monthly factsheet below for performance history.
Daily Data
At close 16-May-2013
Ord| Price | 299.00p |
| NAV** | 321.87p |
| Prem/-Disc** | -7.11% |
3.5% CULS 2018
| Price | 109.38 |
| NAV** | 100.00 |
| Prem/-Disc** | 9.38% |
* Debt at market value
** Debt at par
Source: Morningstar, NAV = Net Asset Value, excluding income.
Literature
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
The objective of Edinburgh Dragon Trust plc is 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 end 31 August 2012 Andrew Gillan, Senior Investment Manager
In this webcast, Andrew Gillan gives an update on a wide range of subjects including the Trust's performance, the geographic and sectoral positioning of the portfolio and an outlook for the Trust.
Edinburgh Dragon Trust plc: A positive outlook for Asian companies and economies
October 2012
Manager's Monthly Report
April 2013
Market Review
Asian stock markets ended mixed in March, with benchmarks touching a seven-month low at one point, as Cyprus’ troubled banking sector reignited fears over sovereign risks in the eurozone.
This was despite generally positive economic news from the US and Asia. However, industrial production fell across the region in February, as weak exports affected the more open economies.
Inflation edged higher, led by China where prices accelerated to a 10-month high. India also raised fuel prices. Most central banks held interest rates steady but India cut policy rates by 25 basis points.
In politics, uncertainty heightened in India, where the Dravida Munnetra Kazhagam party, one of the key partners in the ruling coalition, withdrew because of political differences.
Portfolio Review
There were no major changes to the portfolio in March.
In portfolio-related news, Standard Chartered posted better profits, underpinned by stringent cost controls and buoyant earnings by its wholesale banking business. ST Engineering unit ST Electronics set up a subsidiary in Wuxi, China, to support its customers there with software development and IT training services.
Outlook
The weakness in early March serves as a timely reminder that structural issues in Europe remain unresolved and that market sentiment can change quickly. While economic fundamentals in Asia are more robust and corporate profits are generally on a growth trajectory, we cannot count on similar levels of capital inflows in the coming months to buttress asset prices. Within the region, worsening tensions on the Korean peninsula and India’s messy coalition politics will also weigh on investors’ minds. However, valuations are still reasonable and optimism prevails among the companies that we hold.
Source: Monthly Factsheet Aberdeen Asset Managers Limited