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Abrdn Asia Focus

From Wikipedia, the free encyclopedia
British investment trust

Abrdn Asia Focus
Company typePublic company
LSEAAS
IndustryInvestment management
Founded1995
HeadquartersLondon, England
Key people
Krishna Shanmuganathan (chair)
Websitewww.aberdeeninvestments.com/en-gb/aas

Abrdn Asia Focus plc (LSEAAS), is a largeBritishinvestment trust focused on investments in smaller quoted companies across Asia. The company is listed on theLondon Stock Exchange and is a constituent of theFTSE 250 Index.[1]

History

[edit]

The company was established a manager based inSingapore, Hugh Young, as part of a strategic push towards investments in the Asia Pacific Region in the early-1990s.[2] It was launched as Abtrust Asian Smaller Companies Investment Trust in September 1995, changed its name to Aberdeen Asian Smaller Companies Investment Trust in December 1997 and then changed it again to Abrdn Asian Smaller Companies Investment Trust in November 2018. It adopted its current name, Abrdn Asia Focus, in April 2022.[3]

In November 2021, the company removed the restriction, which had limited the market capitalisation of companies in which invested to US$1.5 billion. The change was intended to encourage investment in a broader range of companies, especially in the growing economy of China.[4]

Young stepped down in December 2023[5] and was replaced by Flavia Cheong. However, in May 2025, the company announced that Cheong would retire and would be replaced by Pruksa Iamthongthong in December 2025.[6][7]

It is managed byAberdeen Group and the chair is Krishna Shanmuganathan who took over that role in 2022.[8]

References

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  1. ^"FTSE UK Index Series – Annual Review June 2023". FTSE Russell. 4 June 2023. Retrieved20 June 2023.
  2. ^"Abrdn's Hugh Young to step off Asia Focus and retire after 43 years".The Association of Investment Companies. 20 October 2023. Retrieved20 June 2025.
  3. ^"Abrdn Asia Focus". Companies House. Retrieved20 June 2025.
  4. ^"Shake up for Aberdeen Standard Asia Focus".Quoted Data. 30 November 2021. Retrieved20 June 2025.
  5. ^"Abrdn Asia Focus manager Young to retire at the end of 2023".Portfolio Adviser. 22 October 2023. Retrieved20 June 2025.
  6. ^"Aberdeen's Flavia Cheong to retire after 30 years with firm".Portfolio Adviser. 29 May 2025. Retrieved20 June 2025.
  7. ^"Flavia Cheong to retire after 'putting Aberdeen on the map in Asia'".FT Adviser. 3 June 2025. Retrieved20 June 2025.
  8. ^"abrdn Asia Focus plc sees NAV rise by 7.6% at year end".Scottish Financial News. 23 October 2023. Retrieved20 June 2025.

External links

[edit]
FTSE 100FTSE 250 companies of the United Kingdom →FTSE SmallCap
Retrieved from "https://en.wikipedia.org/w/index.php?title=Abrdn_Asia_Focus&oldid=1314809815"
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