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Invesco Asia Trust plc: September 2021 webinar recap

2 September 2021
Ian Hargreaves
Ian Hargreaves
Co-Head of Asian and Emerging Markets Equities
Portfolio Manager Ian Hargreaves

On 2 September 2021 we held a webinar with the Invesco Asia Trust plc Portfolio Manager Ian Hargreaves and Chairman Neil Rogan to provide shareholders with an update on the management of the Company over the past 12 months.

Below we have provided a helpful recap of the webinar, breaking it down into the following sections that you might find useful.

Scroll down to watch the different sections.

Watch the full webinar

1. Performance

Ian talks through the performance of the portfolio over the past 12 months.

2. Investment approach

Ian explains the concept of an investment lifecycle and his approach to managing the portfolio.

3. Market views

What are Ian’s views on the current market environment?

4. Valuations

Ian talks through the current state of valuations across Asian equities.

5. Portfolio positioning

Against this market backdrop, how is the portfolio positioned and why?

6. China

Making up the vast majority of Asian equities and being in the headlines recently for all the wrong reasons, Ian shares his current thoughts on Chinese equities.

7. Portfolio characteristics

Ian talks through some of the underlying characteristics of the portfolio.

8. ESG

Ian discusses how ESG is integrated into his role as portfolio manager, and how Asian equities in general approach ESG issues.

Whilst the fund manager considers ESG aspects they are not bound by any specific ESG criteria and have the flexibility to invest across the ESG spectrum from best to worst in class.

9. Trust proposition update

Neil provides an update on the corporate proposition of the investment trust itself.

Investment risks

  • The value of investments and any income will fluctuate (this may partly be the result of exchange rate fluctuations) and investors may not get back the full amount invested.

     

    When making an investment in an investment trust/company you are buying shares in a company that is listed on a stock exchange. The price of the shares will be determined by supply and demand. Consequently, the share price of an investment trust/company may be higher or lower than the underlying net asset value of the investments in its portfolio and there can be no certainty that there will be liquidity in the shares.

     

    The product invests in emerging and developing markets, where difficulties in relation to market liquidity, dealing, settlement and custody problems could arise.

     

    The product uses derivatives for efficient portfolio management which may result in increased volatility in the NAV.

     

    The use of borrowings may increase the volatility of the NAV and may reduce returns when asset values fall.

     

    As a result of COVID-19, markets have seen a noticeable increase in volatility as well as, in some cases, lower liquidity levels; this may continue and may increase these risks in the future. In addition, some companies are suspending, lowering or postponing their dividend payments, which may affect the income received by the product during this period and in the future.

Important information

  • Where individuals or the business have expressed opinions, they are based on current market conditions, they may differ from those of other investment professionals and are subject to change without notice.

     

    If investors are unsure if this product is suitable for them, they should seek advice from a financial adviser. For details of your nearest financial adviser, please contact IFA Promotion at www.unbiased.co.uk.

     

    For more information on our products, please refer to the relevant Key Information Document (KID), Alternative Investment Fund Managers Directive document (AIFMD), and the latest Annual or Half-Yearly Financial Reports. This information is available on our website.