OREANDA-NEWS. July 24, 2015. Aberdeen New Dawn Investment Trust (ABD) is a diversified Asia-Pacific fund investing in companies across the Asian region, including Australia but excluding Japan.

The team-based, bottom-up approach looks to identify good quality companies with attractive valuations to buy and hold for the long-term. While aiming for capital growth, the quality bias results in the fund having an above-average yield relative to peers. Short term, it may suffer in more momentum driven markets but long-term relative performance remains strong.

The cum-income discount of 13.5% is at the upper end of its three-year range, perhaps in part reflecting China-related underperformance as that market ran up. Following the Chinese market's recent correction, improved relative performance could prompt some tightening of the discount.