Aberdeen Asia Focus (AAS · LSE)
Finding Asia’s Hidden Gems
Thirty years of hunting the next generation of Asian market leaders, long before the rest of the market catches on.
Bull case for Aberdeen Asia Focus
Access to the part of Asia most funds miss
Reach into smaller listed companies that index trackers and large-cap funds rarely touch
Structural growth themes amplified at the small-cap level
Direct small-cap exposure to AI hardware, Asian consumption and supply chain reshoring
A 30-year proven process backed by on-the-ground research
Long-running investment process, involving 39 analysts, with a strong inception-to-date track record.
Bear case for Aberdeen Asia Focus
Liquidity constraints in smaller holdings
Asian smaller companies trade in thinner markets, so building or exiting positions can take time and move prices
Discount volatility
Investment trusts trade at a market-set price that can drift meaningfully from underlying NAV, regardless of how the portfolio performs.
Geopolitical and currency headwinds
Tariffs, US-China tensions and emerging-market currency moves can weigh on returns.