Co-Head of Asian and Emerging Markets Equities Ian Hargreaves
Invesco Asia Dragon Trust
Access Asia’s future, with conviction.
Unable to load data.
Overview
Notice
The registered Trust name is pending confirmation from Companies House.
Why consider the Invesco Asia Dragon Trust?
- A contrarian 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.
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.
ESG and responsible investing
For more than 30 years Invesco has been associated with responsible investing, and today delivers this through equity, fixed income and multi-asset strategies. Learn more about our commitment to ESG.
Key facts
Unable to load data.
Financial calendar
| Announcements | Dividend payable | Annual General Meeting |
|---|---|---|
| Half-yearly unaudited results January | First Interim November | September |
| Annual financial results August | Second Interim April | |
| Year End 30 April |
Need more information?
If you have any questions or need assistance with anything related to this trust, our specialist team is here to help.
Performance
Standardised rolling 12-month performance (% growth)
| Category | 31.12.19 31.12.20 |
31.12.20 31.12.21 |
31.12.21 31.12.22 |
31.12.22 31.12.23 |
31.12.23 31.12.24 |
|---|---|---|---|---|---|
| Ordinary Share Price | 26.1 | 3.6 | -1.1 | -3.4 | 15.8 |
| Net Asset Value | 23.4 | 3.1 | 1.5 | -2.6 | 12.4 |
| MSCI AC Asia ex Japan Index* | 21.2 | -3.8 | -9.6 | 0.0 | 14.0 |
Past performance is not a guide to future returns. 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.
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 Equities
Invesco Asia Dragon: Gateway to untapped investment opportunities
Discover untapped investment opportunities with Invesco Asia Dragon Trust. Access Asia’s market potential with a proven, high-conviction investment team.
Transcript
Asian Equities
Why ignoring Asian markets might be risky?
Fiona Yang & Ian Hargreaves explore the growth potential, valuation benefits, and resilience of Asian markets.
Transcript
Asian Equities
A disciplined approach to valuation can pay dividends in Asian markets
Explore why Fiona Yang & Ian Hargreaves, fund managers within our Asian and emerging markets Equities team employ a valuation-driven strategy for investing, as well as where they see opportunities in Asian Equities in 2025
Transcript
Managers & directors
Fund managers
Company directors
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.
Literature
Kepler Trust Intellingence Research Note (View on Kepler website)
Edison group – Research Note (view on Edison website)
Current Articles of Association
Schedule of Matters Reserved for the Board
Audit Committee Terms of Reference
Nomination Committee Terms of Reference
Management Engagement Committee Terms of Reference
Remuneration Committee Terms of Reference
Proposed Cancellation of the Share Premium Account 2017
Annual General Meeting documents
General Meeting
General Meeting Poll Results – 16 January 2025
Merger
Invesco Asia Trust plc announcement dated 28 October 2024
Circular to Invesco Asia Trust shareholders dated 18 December 2024
Mr N Rogan (Chairman)
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
-
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. Invesco’s Investment Trust Preference Centre is managed by IR InTouch, an online investor contact management platform from RDIR.
-
Footnotes
The registered Trust name change is pending confirmation from Companies House.
Total Assets: The value of all assets held, less current liabilities, including income for the current year.
Dividend Yield: The total declared and prospective dividends for the current financial year, expressed as a percentage of the trust’s value calculated at the last close price. The yield is indicative only and is not guaranteed.
Estimated NAV: The net asset value is the value of the company’s assets, less any liabilities.
Discount: The amount, expressed as a percentage by which the share price is less than the net asset value per share. Premium: The amount, expressed as a percentage, by which the share price is more than the net asset value per share.
Figures are subject to rounding.
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.
The Invesco Asia Dragon Trust invests in emerging and developing markets, where difficulties in relation to market liquidity, dealing, settlement and custody problems could arise.
The use of borrowings may increase the volatility of the NAV and may reduce returns when asset values fall.
The Invesco Asia Dragon Trust uses derivatives for efficient portfolio management which may result in increased volatility in the NAV.
Important information
This is marketing material and not financial advice. It is not intended as a recommendation to buy or sell any particular asset class, security or strategy. Regulatory requirements that require impartiality of investment/investment strategy recommendations are therefore not applicable nor are any prohibitions to trade before publication.
Views and opinions are based on current market conditions and are subject to change.
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 in the literature section.
Further details of the Company’s Investment Policy and Risk and Investment Limits can be found in the Report of the Directors contained within the Company’s Annual Financial Report.
