To maximise total return to Shareholders over the long term from a portfolio of smaller quoted companies (with a market capitalisation of up to approximately USD 1.5bn at time of investment) in the economies of Asia and Australasia, excluding Japan. The Company's assets may be invested in a diversified portfolio of securities predominantly in quoted smaller companies spread across a range of industries and economies in the investment region including Australia, Bangladesh, Cambodia, China, Hong Kong, India, Indonesia, Korea, Laos, Malaysia, Myanmar, New Zealand, Pakistan, The Philippines, Singapore, Sri Lanka, Taiwan, Thailand and Vietnam, together with such other economies in Asia as the Directors may from time to time determine. Investments may also be made through collective investment schemes, in unquoted equities and in companies traded on stock markets outside the Investment Region.
Annual management fee of 0.96% of the Companys market capitalisation. Contract terminable on notice period of 12 months.
Dividends are not expected to be significant and will mainly be derived from shares and securities. It is intended that, in the absence of unforeseen circumstances, a single dividend will be paid in or around November of each year.