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Macro factors play 'outsized role' in Asia Dragon trust's 'mixed' results
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investmentweek.co.ukIn the company's annual financial results, covering the year end 31 August, it reported a 9.3% increase in net asset value, lagging the MSCI AC Asia ex Japan benchmark index which rose 12%. This was, however, a positive shift for the trust overall versus the same period in 2023 when it reported a 16.7% decline in NAV. Regarding performance, chair James Will said there was an «initial weakness in late 2023» but this stabilised by August 2024 following a «reset» when the company merged with abrdn New Dawn trust in November 2023. abrdn and Invesco Asia-focused trusts agree merger to f...
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