Abrdn Asian Income Share Discussion Threads

[gateside] 17/11/2020 21:49

AAIF pay their dividend of 2.25p tomorrow

[essentialinvestor] 17/11/2020 18:58

Gil, may be a reflection of some past underperformance v benchmark,

You can usually check performance v benchmark on a site like Morningstar.


Not holding either Tencent or Alibaba perhaps a large factor in that re AAIF.

[gilston] 17/11/2020 17:49

Why the 11.3% discount to NAV ?

[essentialinvestor] 17/11/2020 16:20

Managed to get 2,600 @ 2.01.

Attempting to add this afternoon, but no online quote available,
kept reducing the order size and finally got a small fill or kill order taken.

[goldpiguk] 17/11/2020 13:25

Hi pj fozzie,

I have held HFEL for a few years. At the moment I am not buying more. In part this is because I really don't want to pay above NAV. (Some investors would argue the company deserves a premium rating because of the very high dividend.) In part it is also because the HFEL dividend seems so out of kilter with the rest of the sector. Although this is not a red flag, it sends me a strong message - approach with caution.

I would not read too much into the rise in dividend reserves in the HFEL accounts. Their year end is 31st August so the latest accounts do not reflect twelve months of the pandemic.

Off topic, I have been wondering if you are peterjohn from the old and much missed Motley Fool boards? They were much more civilised, although the IT boards here have very positive discussions.

Goldpig

[pj fozzie] 17/11/2020 11:19

I'm enjoying this discussion. My exposure to the FE is through AAIF and HEFL. HFEL is by far my larger holding - due to the higher income. I retired early and am living on the income from my portfolio. I'm currently still adding to HFEL. It's worth noting that while many ITs are drawing on their reserves this year to maintain dividend pay outs, HFEL actually added to their reserves. This suggests to me that the current price is undervalued and has scope for significant recovery still.

Cheers,
PJ

[speedsgh] 17/11/2020 10:42

Hi Goldpig. Thanks for sharing. My exposure is currently confined to HFEL but am tracking AAIF & SOI. Also, for a slightly different angle, I am looking at UEM which has over 50% exposure to infrastructure & utility investments in Asia. ATB

[goldpiguk] 16/11/2020 13:43

Hi speedsgh,

Of course I don't mind you asking.

It is still very early days in my decision making progress. Should I consider a country specific trust, like Fidelity China Special Situations (FCSS), or another Asian Pacific trust such as Schroder Asian Pacific Fund (SDP)or the Oriental Income Fund (SOI)? At the moment I have not found an obvious answer or stand out buy.

This year I have been much slower funding my ISA (largely because of the pandemic). Being self employed,I have been keeping larger amounts in cash than normal.

I expect to continue dribbling money into my ISA, adding to AAIF and possibly a few more HFEL, so it will not be until the summer of 2021 when I need to make a final decision on my third asian trust. I now hold 7,000 AAIF, with a target holding of 10,000-12,000 shares.

My normal book value is up to about £50,000 for the UK IT sector. (Due to the pandemic I exceeded this with my EDIN investment.) For IT's in the Asian sector I currently have a £25,000 investment ceiling in any one comapany. This is in part because I know less about Asian markets and don't follow them as closely, so want to spread the risk a little more. In any decision my criteria will be far less about income and much more about growth.

Goldpig

[speedsgh] 16/11/2020 10:52

Hi Goldpig. What other ITs are you looking to add to your existing Asian orientated ITs? Hope you don't mind me asking.

[goldpiguk] 16/11/2020 02:42

Hi EssentialInvestor,

I have been quietly adding to these over the last few months. I am becoming increasingly convinced that Asia will emerge from the coronavirus pandemic, in rather better shape than many western economies. Asia still offers enormous growth prospects over the next decade, but of course is not without risk. My intention is to build holdings in several Asian orientated IT's. I currently hold HFEL and AAIF.

I decided not to add to HFEL: the dividend seems almost too good to be true!
AAIF has a couple of very large holdings in the portfolio, which could hold performance back if Taiwan Semiconductor, for instance, does not live up to expectations. However if the projections I have seen for Taiwan Semiconductor turn out to be accurate those shares have a long way to go; so there is the potential for AAIF to outperform its peers.

Although I feel a little uncertain about AAIF maintaining its current dividend payments in 2021, I have my eye more on 2030 and the potential overall return. AAIF should do well, taking a ten year view.

Goldpig

[essentialinvestor] 16/11/2020 00:15

This should be nicely Up Monday.

[essentialinvestor] 12/11/2020 20:49

Adden a few today.

[davebowler] 05/11/2020 12:01

NAV 4/11/20



Aberdeen Asian Income Fund Including Income 218.48p Ordinary

[mbu69] 13/8/2020 11:21

Slow any steady. Hopefully steadily upwards from here. I'm around break even in capital terms now which is a lot better then some of the other trusts i'm holding ·⌢•

I'm surprised the discount is so stubbornly high, reasonable yield. aic div hero. asia focus.

[gateside] 13/8/2020 06:34

Good set of results yesterday. Dividend looks safe and should be some capital gain too. A good part of the world to be invested in.

[davebowler] 24/7/2020 14:54

hTTWps://aberdeen-asset.kulu.net/view/RT8h7jXEFIf?opendocument&utm_campaign=InvTrusts%20-%20Factsheet%20email%20-%20July%202020&utm_medium=email&utm_source=Eloqua&utm_content=CAAML000001527664&utm_company=Standard%20Life%20Trustee%20Company%20Ltd&cn=&elqTrackId=e48f766047594b90afd3f7cab8ea5831&elq=666290d968574cc1b8afc3021eee139e&elqaid=26830&elqat=1&elqCampaignId=#/

[exel] 17/6/2020 10:22

Thanks ALL, very helpful! ex

[kenmitch] 14/6/2020 12:39

I also use AIC now instead of a Trustnet as find it quicker and easier to use.

[dragonsteeth] 14/6/2020 12:28

excel, I use the AIC website to look up ITs. Under their Asia Pacific Income Sector they have AAIF, HFEL, SOI , Schroeder’s Oriental Income , and JAGI (JAI previously )JP Morgan Asia Growth and Income.
They also have 6 ITs in their Global Equity Income.
At the Home page go to Find and compare investment companies , then it’s AIC Sectors.

[gateside] 13/6/2020 23:42

SOI is similar, though I only hold AAIF

[davebowler] 13/6/2020 16:40

Excel, try trustnet, under Investment Trusts. It's a useful source of research.

[exel] 13/6/2020 11:18

thanks dave, excellent find, useful presentation. do you know of other stocks comparable to AAIF & HFEL. thanks.

[davebowler] 05/6/2020 15:18

Bang up to date Fund manager presentation -

[davebowler] 04/6/2020 09:24

2 June NAV Aberdeen Asian Income Fund Undiluted Including Inc. 199.21p