Co-Head of Asian and Emerging Markets Equities Ian Hargreaves
IAD
Invesco Asia Dragon Trust plc
Please read the Investment risks and Footnotes at the bottom of the page.
Overview
Unable to load data.
Why consider the Invesco Asia Dragon Trust plc?
- A valuation-driven approach to identifying undervalued Asian franchises
- A total return mindset with the aim of enhanced dividends*
- A disciplined approach to gearing that aims to enhance returns
* Enhanced dividends to be paid from revenues and distributable reserves as required.
Investment objective
The Company’s objective is to provide long-term capital growth and income by investing in a diversified portfolio of Asian and Australasian companies. The Company aims to achieve growth in its net asset value (NAV) total return in excess of the Benchmark Index, the MSCI AC Asia ex Japan Index (total return, net of withholding tax, in sterling terms).
Further details of the investment trust’s Investment Policy and Risk and Investment Limits can be found in the Directors' Report contained within the investment trust’s Annual Financial Report.
Monthly factsheet
Transcript
Annual financial report 2025
Transcript
Quarterly update
Transcript
Half yearly financial report 2025
Transcript
How we invest
Asia is home to some of the world’s largest, most competitive and exciting companies. The Trust’s unconstrained approach allows the portfolio manager the flexibility to pick the best ideas from across this vast geographic region and react to changing market conditions.
By combining fundamental analysis and a focus on valuation, these experienced investors have been successful at identifying undervalued Asian franchises. The team’s ability to form different views from the market and patiently allow their investment theses to play out has been key to meeting the Trust’s objectives over the long term.
Key information
Unable to load data.
Financial calendar
Unable to load data.
Learn more about this Trust
Sign up for alerts or contact our specialist team if you have any questions or need assistance with anything related to this trust. When you interact with us, we may collect information about you which constitutes personal data under applicable laws and regulations. The Trust privacy notice (PDF) explains how we use and protect your personal data.
Performance
Standardised rolling 12-month performance (% growth)
| Category | 31.03.21 31.03.22 |
31.03.22 31.03.23 |
31.03.23 31.03.24 |
31.03.24 31.03.25 |
31.03.25 31.03.26 |
|---|---|---|---|---|---|
| Ordinary Share Price | -6.1 | 2.6 | -5.4 | 15.3 | 28.5 |
| Net Asset Value | -6.3 | 6.7 | -4.3 | 10.8 | 24.9 |
| MSCI AC Asia ex Japan Index* | -10.6 | -3.0 | 1.8 | 9.0 | 25.6 |
Cumulative performance (% growth)
Ordinary share price performance figures have been calculated using daily closing prices with dividends reinvested. NAV performance figures have been calculated using daily NAV with dividends reinvested. The NAV used includes current period revenue and values debt at fair. The Benchmark performance shown is total return. The Benchmark performance figures are in sterling as at %%asAt%% unless otherwise stated. Standardised past performance figures are updated on a quarterly basis. Source: Morningstar. The benchmark index for this Investment Trust changed on 1 May 2015 from the MSCI AC Asia Pacific ex Japan to the MSCI AC Asia ex Japan (both indices total return in sterling terms). The benchmark performance in the chart shows the returns for the current index only. Index returns are shown on a total return basis, with income reinvested net of withholding taxes. Before December 2020 Index returns were shown with income reinvested gross of withholding taxes.
Related insights
Asian and emerging market equities
Emerging markets: The forces shaping a potential multi year trend
After a strong 2025, can emerging market stocks continue to outperform developed markets in the coming years? We believe they can, thanks to several structural reasons and cyclical factors.
Transcript
Equities
Invesco Asia Dragon: Gateway to untapped investment opportunities
Explore the growth potential of Asian markets and discover how Asia Dragon Trust seeks long term opportunities through active, research driven investing.
Transcript
Managers & Directors
Fund managers
Directors
Chairman Neil Rogan
Senior Independent Director Vanessa Donegan
Audit Committee Chair Myriam Madden
Independent Non-executive Director Matthew Dobbs
Independent Non-executive Director Susan Sternglass Noble
Independent Non-executive Director Sonya Rogerson
Independent Non-executive Director James Will
Independent Non-executive Director Nicole Yuen
Should you wish to contact a member of the Board of Directors, please email the Company Secretary. When you interact with us, we may collect information about you which constitutes personal data under applicable laws and regulations. Our Trust privacy notice (PDF) explains how we use and protect your personal data.
Documents
Annual reports
Half year reports
Kepler Trust Intellingence Research Note (View on Kepler website)
Edison group – Research Note (view on Edison website)
Portfolio disclosure
Corporate governance
Terms of reference of the audit committee
Terms of reference of the nomination committee
Terms of reference of the management engagement committee
Terms of reference of the remuneration committee
Schedule of matters reserved for the board
Letter of appointment - Mr N Rogan (Chairman)
Letter of appointment - Mr M Dobbs
Letter of appointment - Ms V Donegan
Letter of appointment - Ms M Madden
Letter of appointment - Ms Sternglass Noble
Letter of appointment - Ms Rogerson
Annual General Meeting
General Meeting
Next best actions
Register
Sign up for alerts about this trust
Receive periodic updates on this investment trust and invites to future AGMs.
Transcript
Strategies
See more investment trusts
Find out how investment trusts work and benefit from Invesco's large and diverse range of strategies to find an investment opportunity for you.
Transcript
Anything you need help with?
Complete this form and one of our specialist team will be in touch.
