To achieve long-term capital growth through investment in selected companies in the Asia Pacific region and the Indian Subcontinent, but excluding Japan, Australia and New Zealand (the Asia Pacific Region).The Company invests principally in listed equities although it is able to invest in other securities, including preference shares, debt instruments, convertible securities and warrants. In addition, the Company may invest in open and closed-ended investment funds and companies.
A management fee of 0.85% p.a. of NAV. The Agreement can be terminated by either party by giving six months notice.
It is the Company’s policy to pursue capital growth for shareholders with income being a secondary consideration. This means that the Portfolio Manager is frequently drawn to companies whose future growth profile is more important than the generation of dividend income for shareholders. The Company complies with the United Kingdom’s investment trust rules which require investment trusts to retain no more than 15% of their distributable income each year. The Company’s dividend policy is that the Company will pay a dividend as a minimum to maintain investment trust status.