Bangkok--14 Aug--Aberdeen
In occasion of Aberdeen's 10th Year Anniversary in Thailand, Aberdeenrecommends to invest in Aberdeen Growth Fund (ABG) and Aberdeen Asia Pacific Equity Fund (ABAPAC) for opportunities for better returns.Aberdeen Growth Fund (ABG) is our first Thai equity fund launched in 1997 with a since inception return of 701.18%. Aberdeen Asia Pacific Equity Fund (ABAPAC) is our first Asian Equity fund launched in 2005 with a since inception return of 54.98%(data as of 27 July 2012 as shown in tables below)
In this occasion, we offer special promotionfor investment inAberdeen Growth Fund (ABG) and Aberdeen Asia Pacific Equity Fund (ABAPAC) during 1 — 31 Aug 2012.Every 500,000 Baht of investment amount, receive 2,500 Baht worth of Aberdeen Income Creation Fund (ABINC). Conditions Apply
For investment outlook, Miss RatanawanSaengkitikomol, Investment Manager, Aberdeen Asset Management Company Limited, said “Consumer price index rose a faster-than-expected 2.7% year-on-year on higher food and rebounding oil prices. The Bank of Thailand kept the policy rate stable at 3% as widely expected to spur economic recovery while the Commerce Ministry maintained its 15% export growth target for this year, despite June exports coming in at a worse-than-expected decline of 4.2% year-on-year. Meanwhile, June imports grew 2.6% year-on-year as the country continues to import construction materials and machinery for industrial repair and reconstruction post-floods. The Finance Minister targets the economy to grow by 7% this year as increased tourist arrivals should make up for slowing exports.We are cautiously optimistic that despite the ongoing debt crises in Europe and the US, Thailand should fare well given strong economic fundamentals and supported by the rapid post-flood rebound in economic activity. While any direct impact will be a decline to exports which is a significant part of GDP, Thailand’s exports are well-diversified both in terms of product and destination.Amidst the uncertainties, the financial health of our holdings remains strong and we expect their earnings growth to be resilient, partially from reconstruction, pent-up demand post-flooding and lower corporate tax rate.”
For Asian stock markets, Miss Ratanawan stated “Asian equities fell towards the end of July as renewed bailout fears over Spain and lacklustre US earnings outweighed hopes of further central bank action following the European Central Bank’s pledge to support the Euro. Meanwhile, China’s manufacturing activity - an important growth engine of regionaleconomy -continued to contract in July albeit at a slower pace, which soothed worries of a hard landing. As our portfolio remains committed to well-run and financially sound companies with strong cash flow generation, we maintain our strategy to take advantage of market volatility to take profit where appropriate or build positions in selective holdings at undemanding valuations for portfolio outperformance over medium to long term.”
Aberdeen Growth Fund (ABG)Registered date 18 July 1997. Aberdeen Growth will mainly invest, at least 65% of its NAV in any accounting period, in equity or equity related securities or assets of potential high growth or good fundamental companies for medium to long-term investment, and at least 50% of fund’s NAV will be invested in shares of listed companies whereby the rest will be invested in other financial instruments.
Aberdeen Growth Fund (ABG) performance as of 27 July 2012(%)
Fund performance NAV 3M 6M 12M 3 Y 5 Y YTD Since inception
as of27 July 2012
Aberdeen Growth Fund (ABG) 80.1178 -1.63 18.76 15.17 116.90 73.16 21.54 701.18
Benchmark: SET Index -2.79 9.45 3.92 88.78 36.41 14.89 80.30
Source : Aberdeen Asset Management Company Limited
Past performance is not a guarantee of future results. The fund performance document is prepared in accordance with AIMC standards.
Aberdeen Asia Pacific Equity Fund (ABAPAC) performance as of 27 July 2012 (%)
Fund performance NAV 3M 6M 12M 3 Y 5 Y YTD Since inception
as of 27 July 2012
Aberdeen Asia Pacific Equity Fund (ABAPAC) 15.4974 -0.29 3.57 0.98 31.80 9.45 11.93 54.98
BenchmarkMSCI AC AP ex Japan* -3.70 -4.27 9.48 4.98 -22.38 4.08 10.90
*The MSCI AC Asia Pacific Ex Japan Index is a capitalisation weighted index designed by Mor?gan Stanley Capital International Inc. that monitors the performance of stocks from the Asia Pacific region excluding the country of Japan.
For comparison purpose, from 4thJanuary 2012, Aberdeen restated the relevant THB translated benchmark to the Bloomberg Fixing rate (BFIX).
Source : Aberdeen Asset Management Company Limited
Past performance is not a guarantee of future results. The fund performance document is prepared in accordance with AIM C standards.
Investors who are interested in Aberdeen funds can contact for account opening with Aberdeen directly at Tel. 02-352-3388 or via our distributors.
About Aberdeen Asset Management Group
Aberdeen Asset Management manages over US$ 286.51bn* of third party assets from its offices around the world. At Aberdeen, asset management is our sole business. We operate independently and only manage assets for third parties, allowing us to focus only on their needs, without conflicts of interest. Our clients access our investment expertise across the three asset classes: equities, fixed income and property. We package our skills in the form of segregated and pooled products across borders. We invest worldwide and follow a predominantly long-only approach, based on fundamentally sound investments — we do not chase market fads.
*Data as of end June 2012
For more info, please contact
Chananthima Pinngoen Tel. 0-2352-3382, 0-2352-3388
Head of Marketing
Sakkapol Tungsongpaiboolya Tel. 0-2352-3387, 0-2352-3388
Marketing Communication Executive
For additional fund information, investor may request the prospectus from Aberdeen, Distributors or download from website. Investments contain risks. Investor should study prospectus, investment policy, risk factors and tax guide before making a decision to invest.