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 28.44%
Scottish Oriental Smaller Cos (Ordinary Share) NAV 38.68%
MSCI AC Asia Pac ex Jap 7.41%
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 924.5 -13.0% 1063.00 1056.00
17 Jan
106% 1.24%

Discrete performance % over

Fund / BenchmarkFeb '14
Jan '15
Feb '15
Jan '16
Feb '16
Jan '17
Scottish Oriental Smaller Cos (Ordinary Share) Price15.96-19.1737.03
Scottish Oriental Smaller Cos (Ordinary Share) NAV16.38-10.3932.98
MSCI AC Asia Pac ex Jap5.67-19.5126.29

Discrete performance over

Discrete Performance

Top 10 Holdings

Tong Ren Tang Technologies Co. Ltd. 3.75%
Minth Group 3.31%
Delta Electronics Inc. 3.09%
Towngas China Co. Ltd. 2.87%
Taiwan Familymart Co 2.87%
Delfi Ltd 2.76%
Godrej Industries Ltd. 2.65%
Vitasoy International Holdings Ltd. 2.65%
Raffles Medical 2.65%
Mphasis Ltd. 2.54%

Sectors weighting

Consumer Staples 16.20%
General Industrials 15.70%
Information Technology 15.20%
Net Current Assets 14.70%
Consumer Discretionary 13.30%
Finance - General 8.10%
Healthcare 7.00%
Materials 6.70%
Utilities 5.80%
Telecommunications 2.10%
Real Estate 1.50%
Debt - General -6.30%

Regional weighting

Other Countries 47.00%
China 13.00%
Cash/Cash Equivalent 13.00%
Taiwan 9.00%
Singapore 8.00%
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 924.00
  • Share Type Ordinary Share
  • ISIN GB0007836132
  • Shares Issued (M) 31
  • Market Capital (£M) 286.23
  • Gross Assets (£M) 348.98
  • Net Assets (£M) 328.98
  • TER (%) 1.01
  • Historic Dividend Yield (%) 1.24
  • Last AGM 19 Feb 2016
  • Next AGM 19 Feb 2017
  • Last Annual Report Date 31 Oct 2016
  • Next due Report Date 28 Feb 2017
  • Next due Report Type I/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
  • Scott McNab 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.