Annual results 2018 announced

Martin Currie Asia Unconstrained Trust has announced positive results for the 12-month period ending 30 March 2018.

7 June 2018

Harry Wells, Chairman, commented:

“Since the ALTU mandate was adopted by the Company on 1 August 2014, the NAV has risen by 47.1% and the share price by 51%, exactly matching the rise of nominal Asian GDP over that period.  

The Board does not think the wider market has fully appreciated the change in dividend policy, although there has been some narrowing of the discount. The Board believes that this change is of broad benefit to existing shareholders, while making the shares more appealing to new buyers and retail investors, particularly those making use of tax-free wrappers (ISAs and SIPPS), who will be able to participate in the potential for capital growth, as well as receiving an attractive level of income.”

 

Asia Unconstrained Trust annual report 2018

Full results are available in the Martin Currie Asia Unconstrained Trust annual report 2018.

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Important information:
Source: Martin Currie, for the six months period to 30 September 2018. The net asset value is inclusive of income with dividends re-invested. The yield reflects dividends declared over the past 12 months as a percentage of the mid-market share price, as at 30 March 2018. Investors may be subject to tax on their dividends.

Risk warnings:
Past performance is not a guide to future returns.
The value of investments and the income from them may go down as well as up and is not guaranteed. An investor may not get back the amount originally invested.
The majority of charges will be deducted from the capital of the company. This will constrain capital growth of the company in order to maintain the income streams.