fbpx
Register Log-in Investor Type

Research

Edinburgh Dragon – Returning to form

Edinburgh Dragon Trust (EFM) is the largest and one of the most liquid investment companies focused on the Asia ex Japan region. Its strong focus on quality has served it well over the long term. EFM’s manager says that an environment of very low interest rates has distorted markets, with the result that EFM’s focus on quality has not been rewarded. The manager believes that China is stabilising and that the outlook for Asia appears to be improving. In recent months, there has been a noticeable improvement in EFM’s net asset value (NAV) performance relative to its peers and its benchmark. Over six months to the end of July, EFM was 1.6% ahead of its peers and 2.7% ahead of its benchmark. However, in the short term, the share price has not kept pace and EFM’s discount has widened.

160809 EFM Update QD

Click below to open the
full research notes
Read Research Note

Please review our cookie, privacy & data protection and terms and conditions policies and, if you accept, please select your place of residence and whether you are a private or professional investor.

You live in…

You are a…