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Aberdeen Asian Smaller Cos lags index

22 April 2016 09:11

Aberdeen Asian Smaller Companies Trust's net asset value fell by 5.0% and its share price dropped by 5.7% in thje six months to the end of January on a total return basis.

The MSCI AC Asia Pacific ex Japan Small Cap Index fell by 3.0% during the period.

The company says Asia has been a difficult place in which to invest for the past three years with outflows of monies from emerging markets to more developed markets for a variety of reasons. But it says growth across the region is still strong by European and US standards and the continuing expansion in the purchasing power of the consumer makes it an ideal place for smaller companies to flourish.

At 9:11am: (LON:AAS) Aberdeen Asian Smaller Companies Investment Trust Plc share price was 0p at 830p

Story provided by StockMarketWire.com

Related Company: AAS

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