Money Makers

abrdn Asia Focus (ticker: AAS) was launched in 1995 to invest in Asian smaller companies and it was managed up until last year by Hugh Young. It is now led by the team of Flavia Cheong, Gabriel Sacks, and Ng Xin Yao. The trust holds around 50 stocks that it believes are well-governed, have sustainable profitability, and strong balance sheets while also being under-researched by mainstream analysts. Portfolio turnover has been on the low side at around 20% a year with AAS preferring to be a long-term partner of the businesses it invests in rather than trading in and out. The trust has returned ...