Scottish Oriental Smaller Cos (Ordinary Share) SST

Asia Pacific - Excluding Japan

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Estimated NAV


Share Price


Total Returns on £1000 over 

Fund / Benchmark Total returns(%)
Scottish Oriental Smaller Cos (Ordinary Share) Price 19.41%
Scottish Oriental Smaller Cos (Ordinary Share) NAV 34.89%
MSCI AC Asia Pac ex Jap 13.78%
Total Returns on £1000

Discount / Premium Movement

Discount / Premium Movement


Share Type Yesterday's
Closing Price
Discount / Premium Diluted NAV Gearing Dividend
Est Last
Ordinary Share 895.0 -12.6% 1024.00 1026.00
22 Aug
106% 1.28%

Discrete performance % over

Fund / BenchmarkSep '13
Aug '14
Sep '14
Aug '15
Sep '15
Aug '16
Scottish Oriental Smaller Cos (Ordinary Share) Price8.63-15.5530.16
Scottish Oriental Smaller Cos (Ordinary Share) NAV13.31-9.0130.84
MSCI AC Asia Pac ex Jap22.00-18.0513.80

Discrete performance over

Discrete Performance

Top 10 Holdings

Minth Group 3.69%
Raffles Medical 2.93%
Tong Ren Tang Technologies Co. Ltd. 2.93%
Towngas China Co. Ltd. 2.82%
Delfi Ltd 2.82%
Taiwan Familymart Co 2.71%
Standard Foods Corporation 2.71%
Amorepacific Corp 2.71%
Kansai Nerolac Paints Ltd. 2.39%
Delta Electronics Inc. 2.28%

Sectors weighting

Consumer Staples 18.00%
Consumer Discretionary 15.10%
General Industrials 14.20%
Net Current Assets 13.70%
Information Technology 13.10%
Finance - General 11.60%
Healthcare 6.80%
Materials 6.00%
Utilities 4.00%
Telecommunications 3.70%
Energy 0.20%
Debt - General -6.40%

Regional weighting

Other Countries 39.00%
China 15.00%
Cash/Cash Equivalent 13.00%
Taiwan 12.00%
Singapore 12.00%
Hong Kong 6.00%
South Korea 3.00%
  • Investment trust info:

  • Sector Asia Pacific - Excluding Japan
  • Launch Date 29 Mar 1995
  • Currency GBX
  • Domicile UK
  • Share Price 897.20
  • Share Type Ordinary Share
  • ISIN GB0007836132
  • Shares Issued (M) 31
  • Market Capital (£M) 277.63
  • Gross Assets (£M) 337.65
  • Net Assets (£M) 317.65
  • TER (%) 1.02
  • Historic Dividend Yield (%) 1.28
  • Last AGM 19 Feb 2016
  • Next AGM 19 Feb 2017
  • Last Annual Report Date 23 Dec 2015
  • Next due Report Date 31 Aug 2016
  • Next due Report Type A/R
  • Objective:

  • To achieve long-term capital growth through mainly smaller Asian, ex Japan & Australasia quoted companies with a market capitalisation less than US$1,500m.
  • Management Group(s):

  • First State Investment Management (UK) Ltd
  • Managed by:

  • Martin Lau Start: 01 Jul 2015
  • Richard Jones Start: 01 Jul 2015
  • Vinay Agarwal Start: 20 Jul 2016
  • Wee-Li Hee Start: 01 Jul 2014
  • Management Contract & Fees:

    Management agreement with First State Investments terminable on one years notice. Management fee includes a base fee and a performance fee. The base fee should be 0.75% per annum of its net assets payable quarterly in arrears. In addition an annual performance fee may be payable to the Investment Manager. The total fee payable to the Investment Manager is capped at 1.5 per cent per annum of the Company's net assets. The performance fee is based on the Company's Share Price Total Return (SPTR), taking the change in share price and dividend together, over a three year period. If the Company's SPTR exceeds the SPTR of the Company's benchmark index (the MSCI AC Asia ex Japan Index) over the three years' period plus 10% points then a performance fee is payable to the Investment Manager. The objective of the performance fee is to give the Investment Manager 10% of the additional value generated for shareholders by such outperformance. On 16-Apr-15, the Company announced that in the event that the Company is able to make a substantial return of capital earlier than anticipated, the exit fee payable to the Manager will apply as it would have done if funds had been returned after five and a half years in line with the Company's investment strategy, provided that such exit fee will not exceed the sum of £300,000 in respect of amounts returned to the Company's shareholders prior to 1 October 2015.