INVESCO Asia Trust PLC Edison issues review on Invesco Asia Trust (IAT)
March 29 2022 - 2:01AM
RNS Non-Regulatory
TIDMIAT
INVESCO Asia Trust PLC
29 March 2022
London, UK, 29 March 2022
Edison issues review on Invesco Asia Trust (IAT)
Despite the notable setback in Asian markets during Q122,
Invesco Asia Trust (IAT) continues to generate a double-digit
annualised NAV total return (c 11% over the past 10 years),
supported by consistent income. It has continued to pay a regular
six-monthly dividend equivalent to 2% of NAV (4% per year). In
January 2022, the fund management team was enhanced when Fiona Yang
was appointed co-manager alongside Ian Hargreaves, who has run the
portfolio since 2011 (from 2015 as a sole manager). IAT's team
targets double-digit annualised returns from each portfolio holding
over a rolling three-year period.
2021 portfolio performance (54 holdings at 28 February 2022)
benefited considerably from blending growth and value styles. The
team has achieved solid absolute and relative performance over the
long term, since Hargreaves began co-managing IAT.
We believe that dividend enhancement, introduced by the board in
2020 brings additional stability to the fund's performance and
underlines the board's focus on total return.
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