Dunedin Income, Aberdeen Asian Smaller Both Outperform Benchmarks

LONDON (Alliance News) - Dunedin Income Growth Investment Trust PLC and Aberdeen Asian Smaller Companies Investment Trust PLC, both managed by Aberdeen Asset Management PLC, on Monday said they both outperformed their benchmarks in their most recent reporting periods.

Dunedin Income Growth Investment Trust said its net asset value per share total return for the year to the end of January was 11.1%, outperforming its benchmark FTSE All-Share Index, which increased 7.1%.

The trust is recommending a final dividend of 3.525 pence per share, giving it a total dividend for the year of 11.25 pence, up from 11.10 pence a year earlier.

Aberdeen Asian Smaller Companies Investment Trust broadly outperformed its benchmark in the six months to the end of January, with its net asset value total return at 5.9%. That compares with a 5.9% return for the MSCI AC Asia Pacific ex-Japan Index and a 3.8% return for the MSCI Asia Pacific ex-Japan Small Cap Index benchmarks.

It said performance was boosted by its Indian holdings, particularly industrial and auto paints maker Kansai Nerolac Paints and lubricants producer Castrol India.

Dunedin shares were up 0.2% to 262.75 pence, while Aberdeen Asian shares were down 0.2% to 867.675 pence.

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance

Copyright 2015 Alliance News Limited. All Rights Reserved.