Aberdeen’s Asian equities investment trust cuts fees

The fees on the fund, which invests in Asia ex-Japan and Australasia companies that have a market cap below $1 billion, will drop from 1.2 per cent to 1 per cent and effective from 1 August 2016, the firm announced in a regulatory notice.

The investment trust has seen returns of 19.5 per cent on its net asset value over the last six months compared to the benchmark’s 23.9 per cent, however, over a five year period the NAV has risen 79.5 per cent compared to the benchmark’s 57 per cent.

Its largest holdings are in Malaysian, Hong Kong and Thai equities.

Last month the asset manager announced it was cutting investment fees on its Asian Income trust, following a period of underperformance.

Hugh Young’s £372.6 million Aberdeen Asian Income trust has cut management fees on the fund from 1 per cent to 0.85 per cent.

Over the five years to the end of June, the trust’s net-asset-value total return was 46.2 per cent compared to the MSCI AC Asia Pacific ex-Japan Index return of 58.4 per cent.