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20 Apr 2021

Aberdeen Standard Asia Foucs

Company Notes

Increased exposure to growth-oriented companies

Aberdeen Standard Asia Focus is managed by Hugh Young and Gabriel Sacks of Aberdeen Standard Investments, who are both based in Singapore. The fund invests in Asian smaller companies, being those with a market capitalisation of less than US$1.5bn at initiation. The managers take a high conviction approach with a focus on bottom-up stock selection. The aim is to create a high quality portfolio of profitable companies with strong balance sheets.

At the end of February the fund’s portfolio contained 64 holdings and the top ten accounted for 34% of net assets. The active share relative to the MSCI AC Asia Pacific ex Japan Small Cap Index was 98.6%. Over the last two to three years, the managers have reduced the number of holdings and repositioned the portfolio, with the addition of a number of growth-oriented companies, particularly in the Information Technology and E-commerce sectors. Approximately 40% of the portfolio is estimated to now be exposed to these ‘new economy’ stocks, which complement the fund’s long-held traditional businesses.