sansione
20 May 2015
Re: Fallen Angel The falling US dollar won`t have helped.
PIE-EATER
20 May 2015
Re: Fallen Angel Look at what it holds.....and also recent performance.Smaller cos which had a torrid time from spring last year.....but have been coming into fashion again over last few weeks. I did think about selling last year but held on and am happy to continue holdingPE
Dhaka John
20 May 2015
Re: Fallen Angel Agree. Just been thinking about dumping this IT as one of my worst performers. Not sure why it is so bad with most country stocks near record highs. Be glad to hear any views before I get rid.
holland44
19 May 2015
Re: Fallen Angel The same could be said of SST, which is often compared with AAS: it's YTD return is only 1.1% versus a fall of 5.6% at AAS. Both trusts are on similar 10% discounts and 1.1-1.4% yields. The difference may be partly explained by the fact that SST has about 38% invested in India and China, which have done very well over the last year, versus 14% with AAS, but of course both trusts are in the game of picking small-cap winners from a large pool of candidates, so sector allocation can only be part of the reason.Sansione - can you point to another Asia ex-Japan small-cap specialist which has done noticeably better than AAS? But I agree that its performance over the last year, or three years (it depends when you bought) has been disappointing.
sansione
18 May 2015
Fallen Angel Has anyone else noticed that the underperformance of this previous high flyer has continued for quite an extended period. Having read the half year statement and previous annual reports the holdings have hardly changed for a very long period. This was fine when the performance was good but now looks a bit like the managers are asleep at the wheel. This for fees of over £4 million per annum. Despite the influx of new directors in the past two years, we still have a chairman who has been there for twenty years, the Aberdeen CEO who has also been there for twenty years and another director who has been there for twelve years. Seven directors to supervise the managers of an investment trust is ludicrous. Looks like a cosy little ( or even " large " ) group. What happened to corporate governance?
sansione
17 Apr 2015
discount Over 12% discount!! Time to be buying in stock.
glasgowboy
20 Mar 2015
sanisone sorry not May ,July
glasgowboy
20 Mar 2015
sanisone Hi please don't be offended but in May last year you mentioned you bought at £1.50 and thought they had good management yet your last post suggests otherwise -what's changed?
II Editor
11 Mar 2015
NEW ARTICLE: Rated Funds 2015: Asia Pacific "The Asia Pacific region features some of the most dynamic countries and companies in the world today. The 10 funds and trusts to achieve our Rated Fund status have proven their ability to capture the best of the region's dynamism, whilst ..."[link]
sansione
05 Mar 2015
discount Remarkable change in status for this company. From a 5% premium some time ago to a current 11% discount. Has Hugh Young lost his reputation as the best Far East manager in the UK and has the ridiculously large board for an investment trust lead by a chairman who has been in the chair for 20 years and doesn`t own a single share, lost the plot?
sansione
26 Nov 2014
annual report Why does it take seven non executive directors to oversee the ( very successful ) managers of this trust costing a cool £171,000 per annum? Also the chairman has been around for 19 years and holds no shares in the company, the CEO of the managers has been around for 19 years with the actual manager of the trust as his alternate and another director has been around for eleven years.I thought corporate governance dictated that non executive directors were not viewed as independent after nine years. How have the institutional shareholders let them get away with this cosy little arrangement?
