The managers of a Thailand-focused investment trust are looking to tap into a growing interest in home DIY in the South East Asian country to continue the fund’s stellar long term performance.
The Aberdeen New Thai Investment Trust said the latest companies it has backed include Siam Global House, a retail chain that sells home-related products for construction, repair, decoration and renovation.
The purchase was revealed in the Aberdeen Standard Investments-managed trust’s report for the first half of the year during which it marginally undershot its benchmark. Thanks to a strong performance from Thai equities, the country’s stock market delivered total returns of 15.2% in the period. By comparison, the trust delivered returns of 14.6% with the underperformance blamed on factors including the the portfolio being underweight to the services and technology sectors.
Earlier this year the trust was named as the only one which would have been able to produce an ISA millionaire in the 20 years since the introduction of the tax-free savings accounts. If an investor had placed each year’s maximum tax-free investment allowance from 1999 to 2018 – a total of £206,560 – in the trust, their ISA pot would now be worth £1,070,583.
The trust highlighted its long term focus on quality companies invested in a market that has demonstrated resilience through varying economic cycles.
“Many Thai companies have access to the varied regional opportunities that now exist and which continue to grow unabated including, but not limited to, those in Cambodia, Laos, Myanmar and Vietnam,” it added.