Overview
Invesco Asia’s objective is to provide long-term capital growth by investing in a diversified portfolio of Asian and Australasian companies. The investment trust aims to achieve growth in its net asset value (‘NAV’) in excess of the Morgan Stanley Capital International All Countries Asia Pacific ex-Japan Index, measured in sterling.
The fund’s website can be found here.
You can view our interviews with the company’s Fund Managers below:
19th August 2022: Fiona Yang – Weekly Show
Fundamentals
Price
Research History
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14 Sep 2023 9 min read
QuotedData’s Investment Companies Roundup – September 2023
September 2023 Monthly roundup | Investment companies Kindly sponsored by abrdn Winners and losers in August 2023 Share price total returns for investment companies were generally poor over August, with the best performing sector, Debt – Structured Finance, returning just 2.1%, with only a few sectors managing to eke out a positive total return. Funds […]
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09 Feb 2023 40 min read
QuotedData’s Economic and Political Monthly Roundup February 2023
Economic and Political Monthly Roundup Investment companies | Monthly | February 2023 A collation of recent insights on markets and economies taken from the comments made by chairs and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage […]
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07 Dec 2022 8 min read
QuotedData’s Investment Companies Roundup – December 2022
Investment Companies Monthly Roundup Kindly sponsored by abrdn December 2022 Monthly | Investment companies Winners and losers in November 2022 As discussed in this month’s economic and political roundup, lower US inflation triggered a fall in the US dollar and drove equity markets higher over November. The big surprise was the resurgence of Chinese markets […]
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19 Aug 2022 1 min read
Interview with Fiona Yang from INVESCO Asia Trust
In this week’s show, James Carthew talked to Fiona Yang from INVESCO Asia Trust. If you were looking for the first part of QuotedData’s show, focused on the roundup of the week’s news, click here. If there is a guest speaker you’d particularly like to hear from, please email us. Additionally, if you would prefer to watch […]
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10 Aug 2020 4 min read
QuotedData’s Economic Roundup – August 2020
Economic & Political Roundup Kindly sponsored by Allianz A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell […]
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07 Feb 2020 6 min read
QuotedData’s Economic Roundup – February 2020
Economic & Political Roundup Kindly sponsored by Polar Capital and Allianz A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you […]
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7 min read
QuotedData’s Investment Companies Roundup – February 2020
Investment Companies Roundup Kindly sponsored by Baillie Gifford Table of contents New research In this issue Performance data Discounts and premiums Money in and out Major news stories Income Events Guide New research Here is a list of research we published over January: An annual overview note on Shires Income (SHRS) “Shires Income (SHRS) will […]
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11 Jul 2018 1 min read
QuotedData’s Economic round up – July 2018
QuotedData’s Economic round up – July 2018 is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or […]
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10 Jan 2018 1 min read
QuotedData’s economic round up – January 2018
QuotedData’s economic round up – January 2018 – is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or […]
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19 Oct 2017 1 min read
Quarterly investment companies roundup – Third quarter 2017
Quarterly investment companies roundup – Third quarter 2017 – Markets moved up a little over the course of the three months ended 30 September 2017. Regionally, emerging markets did well. The pound strengthened a bit relative to the US dollar but was flat against the euro. The oil price rose by more than 20%. In […]
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14 Sep 2017 1 min read
QuotedData investment companies roundup – September 2017
QuotedData investment companies roundup – September 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of August 2017. Kindly sponsored by Baillie Gifford. September Investment Companies Roundup Winners and losers in August Ashmore Global’s […]
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12 Jul 2017 2 min read
QuotedData’s economic round up – July 2017
QuotedData’s economic round up – July 2017 – is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or […]
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14 Jun 2017 1 min read
QuotedData investment companies roundup – June 2017
QuotedData investment companies roundup – June 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of May 2017. Kindly sponsored by Baillie Gifford. June Investment Companies Roundup Japan was one of the best places to be […]
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10 Oct 2016 1 min read
Pacific Horizon – Brave new world
Marten & Co published an update on the company entitled Pacific Horizon – Brave new world The company’s performance has started to improve over the past few months, yet Baillie Gifford’s Ewan Markson-Brown and Roderick Snell, thinks that there is still considerable potential for the portfolio. He believes that some of the themes that he […]
News
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27 Dec 2024 5 min read
QuotedData’s review of the year 2024
This is the last of our weekly emails for 2024. We hope that you have been finding them useful. 2024 has been a year of setbacks and shrinkage for the UK investment companies industry, topped by the cynical and self-serving attack on seven trusts by US corporate raider Saba Capital (there will be much more […]
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19 Dec 2024 3 min read
More details published on Invesco Asia / Asia Dragon combination
Invesco Asia and Asia Dragon have published circulars ahead of the proposed combination of the two trusts. The combination will be undertaken through a scheme of reconstruction and winding-up of Asia Dragon under section 110 of the Insolvency Act 1986. As at 12 December 2024, Invesco Asia and Asia Dragon have each received an irrevocable […]
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01 Nov 2024 1 min read
QuotedData’s weekly news show 1st November 2024
Thank you to everyone that listened in today on our YouTube channel. In this week’s show, James Carthew covered the week’s top stories: Golden Prospect Precious Metals (0:22) Asia Dragon / Invesco Asia (4:08) Ashoka WhiteOak Emerging Markets (8:49) Andrew McHattie pondered whether it was right to chase the big jump in Tetragon’s share price (10:10). Tetragon […]
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28 Oct 2024 4 min read
Asia Dragon Trust and Invesco Asia Trust to merge
The boards of Asia Dragon Trust and Invesco Asia have agreed heads of terms on a proposed combination of the two companies. The Asia Dragon board said it received interest from a large number of management groups during its strategic review but said that it believed Invesco Asia’s active core Asia (ex-Japan) investment strategy, alongside its […]
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26 Jul 2024 8 min read
Chinese stock selection and India underweight weigh on Invesco Asia
Invesco Asia (IAT) has published its annual report for the year ended 30 April 2024 during which it provided an NAV total return of 2.7% and share price total return of 2.2%, both markedly underperforming its benchmark, which returned 7.9%. The underperformance came mainly from stock selection within China and the underweight allocation to India. […]
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25 Jan 2024 2 min read
QuotedData’s morning briefing 25 January 2024 – IAT, CORD, GRIT, GABI, AEWU, WKP
In QuotedData’s morning briefing 25 January 2024: Invesco Asia (IAT) says that from 1 May 2024, its two co-portfolio managers will swap roles, with Fiona Yang taking the lead from Ian Hargreaves, but will both continue to work very closely together on the portfolio. The directors say that they have been impressed by Fiona’s contribution […]
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26 Jul 2023 2 min read
Invesco Asia delivers solid outperformance
Invesco Asia Trust (IAT) has release its annual results for the period ending 30 April 2023 IAT reported a NAV total return of 1.2% and share price total return of 1.2%, compared to the -6.0% return of its benchmark, the MSCI AC Asia ex Japan Index. IAT’s outperformance primarily came from stock selection, with noteworthy […]
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02 Aug 2022 2 min read
Invesco Asia holds up well in falling market
Invesco Asia has published results for the 12 months ended 30 April 2022. The trust beat its benchmark in a falling market, returning -6.7% against -12.9% for the MSCI Asia ex Japan Index. The discount widened from 8.2% to 11.9% and, therefore, the return to shareholders was -10.0%. The fund has continued to outperform since […]
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24 Jan 2022 3 min read
Invesco Asia hires new co-manager as it reflects on a tough six months
Invesco Asia hires new co-manager as it reflects on a tough six months – Invesco Asia (IAT) has appointed Fiona Yang as co-manager of the trust alongside Ian Hargreaves, with immediate effect. Fiona joined Invesco in August 2017 and manages Invesco’s Asian Equity Income Fund while covering the entire Asia ex-Japan region with particular expertise […]
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19 Jul 2021 3 min read
Invesco Asia posts strong results thanks to early portfolio repositioning
Invesco Asia posts strong results thanks to early portfolio repositioning – Invesco Asia (IAT) has posted its full year results for the year ended 30 April 2021, during which time its share price was up by 58.5% while its NAV was up 56.4%. This is significantly ahead of the trust’s benchmark index, MSCI AC Asia […]
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12 Jan 2021 2 min read
Why kowtow to the US? Invesco Asia makes statement on Order 13959
Why kowtow to the US? Invesco Asia makes statement on Order 13959 Today, Invesco Asia made the following announcement: “The board is aware of US Executive Order 13959 (“EO 13959”) relating to Communist Chinese Military Companies (“CCMCs”) and associated guidance issued by the US Treasury Department’s Office of Foreign Assets Control (“OFAC”), in particular relating […]
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28 Aug 2020 2 min read
QuotedData’s morning briefing 28 August 2020
In QuotedData’s morning briefing 28 August 2020: Invesco Asia (IAT) announced two measures aimed at meeting its 10% discount target. Chairman, Neil Rogan, says that they are being introduced to spark new demand for the company. Conditional tender offer: subject to approval by shareholders, the board intends to introduce a performance-related conditional tender offer. Under the […]
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07 Jul 2020 2 min read
Invesco Asia caught out by COVID
Invesco Asia caught out by COVID – Invesco Asia generated a -10.2% return on net assets for the year ended 30 April 2020 and a -10.0% return to shareholders. By contrast, the benchmark’s return was -4.1%. The dividend was raised by 22.8% to 7.0p. This was well-covered by revenue per share of 7.8p. The trust shrank […]
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11 Jul 2019 3 min read
Invesco Asia buybacks narrow discount
Invesco Asia buybacks narrow discount – A narrowing of Invesco Asia’s discount made up for underperformance in NAV terms over the year ended 30 April 2019. The NAV total return for the period was 0.8% against 1.6% for the benchmark (MSCI AC Asia ex Japan Index) but, as the discount moved from 13.0% to 8.9%, […]
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03 May 2017 1 min read
Invesco Asia plans 15% tender
Invesco Asia Trust has announced that, as its discount was wider than 10% on average over the year to 30 April 2017, a tender offer for 15% of its shares at a 2% discount has been triggered. The average discount over the measurement period was 10.9%. The record date for participation in the tender offer […]
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14 Dec 2016 4 min read
Invesco Asia Trust has a strong half year
Invesco Asia Trust has announced its interim results for the six months ended 31 October 2016. During the period, the company provided NAV and share price total returns of 33.6% and 37.1% respectively. In both cases outperforming the company’s benchmark index, the MSCI AC Asia ex Japan Index, which the company says returned 32.1%. The […]
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28 Jun 2016 4 min read
No tender offer for Invesco Asia
The year to the end of April was a difficult one for Asian funds. Invesco Asia outperformed however, returning -7.1% on net assets against -14.3% for the MSCI AC Asia ex Japan Index. The return to shareholders was -10.3% (the discount widened from 9.8% to 13.1%). The dividend is being maintained at 3.65p. At the […]
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16 Dec 2015 3 min read
Invesco Asia outperforms helped by Chinese internet exposure
In a difficult period for Asian stock markets, Invesco Asia Trust outperformed its benchmark over the six months ended 31 October 2015 returning -11.8% vs. -16.3% for the MSCI Asia ex Japan Index. The return to shareholders was -13.1% as the discount widened from 9.8% to 11.0%. The manager’s report says that the company’s holdings […]
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29 Jun 2015 1 min read
Invesco Asia buoyed by IT and materials holdings
The year to the end of April 2015 was a good one for Invesco Asia as the fund generated a return on net assets of 28.3% and a return to shareholders of 29.4%, both well ahead of the 22.7% return on the company’s outgoing benchmark – MSCI All Countries Asia Pacific ex Japan Index (to […]
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12 Dec 2014 1 min read
Management and benchmark change for Invesco Asia
Invesco Asia outperformed its benchmark by some margin over the six months that finished on 31 October 2014. The net asset value total return was 17.6% and the return to shareholders 16.6% – these compare favourably to a 10.3% return on the benchmark (MSCI All Countries Asia Pacific ex Japan Index (total return), expressed in […]
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16 Dec 2013 1 min read
Invesco Asia : IAT
Invesco Asia has released its results for the half year ended 31 October 2013. IAT outperformed over the period as the NAV returned 3.2%, the share price 2.6% and the benchmark lost 1.8%. The discount widened a little but the Board has reaffirmed its commitment to getting the fund to trade at a discount narrower […]
Upcoming Events
Videos
In The Press
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29 Nov 2024 1 min read
Boards’ focus on discounts improves corporate governance
James Carthew for Citywire Investment Trust Insider, 29 November 2024: This has been a year of radical change in investment companies. However, unlike previous periods of heightened corporate activity among listed closed-end funds, boards have mostly initiated corporate action themselves rather than having it forced upon them. Share price ratings in the sector weakened for […]
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13 Nov 2024 1 min read
Our trust income portfolios: changes for the year ahead
by Dave Baxter, Investors’ Chronicle, November 12, 2024: The past year has been an extremely strong one for markets, with many of the difficulties that emerged back in 2022 finally starting to abate for investors.. This ‘Goldilocks’ (ie, just right) backdrop has certainly worked out well for our two investment trust income portfolios. The two […]
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02 May 2024 2 min read
Are the highest-yielding equity trusts a sound investment?
By Emma Wallis, News editor, Trustnet, 01 May 2024: Income-seeking investors can find rich pickings amongst the investment trust sector, with many trusts offering yields above government bonds plus the prospect of capital gains and an extra kicker if discounts narrow. Wealth manager Stifel found that 32 trusts investing primarily in equities have a yield […]
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19 May 2023 1 min read
Looking for dividend growth can be misleading, data reveals
By Tom Aylott, Reporter, Trustnet 19 May 2023: Those investing in trusts for a source of income may consider strong dividend growth as a sign that managers have consistently upped their payouts over a long time, but the data can be misleading. QuotedData found the 10 portfolios that increased their pay-outs the most over the […]
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07 Feb 2023 1 min read
Investment trust insider on income in time of inflation
Investment trust insider on income in time of inflation – James Carthew: Choppy outlook for income folk One question I have been pondering is, how would an income investor reliant on a portfolio of investment companies be faring now? Unfortunately, it looks as though some belt-tightening would be required. For example, companies that adopted a […]
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10 Oct 2022 1 min read
‘Buying opportunities are better than ever’ for investment trusts
Eve Maddock-Jones, Investment Week, 05 October 2022: Investment trusts have been pushed to the widest discounts in years due to the abnormally high levels of market volatility and uncertainty. This includes not only closed-ended portfolios that have been running on a discount long-term, but portfolios that have historically run on significant premiums now being reduced. […]
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01 Dec 2021 2 min read
Hidden gems: 12 funds and trusts that deserve the limelight
The shiniest things come in small packages, as we discovered when we asked professional investors to unveil the sub-£300 million funds worth unwrapping. by Jennifer Hill from interactive investor 29th November 2021 Over the past couple of years, there have been various examples of big funds continuing to swell in size amid high demand from investors – […]
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16 Mar 2021 1 min read
Will China funds and trusts continue their winning streak?
Will China funds and trusts continue their winning streak? by Hannah Smith from interactive investor | 12th March 2021 09:10 Hannah Smith explains why funds and trusts investing exclusively in China are enjoying a strong run of form. China equity funds and investment trusts have been roaring ahead this year as the country’s economy powers onwards following recovery from the pandemic. […]
