Please find below the links to our monthly reports that include: the latest fund managers' commentaries on their portfolios, performance summaries, up-to-date largest holdings, geographical breakdowns (where applicable), sector allocations and current gearing levels for the investment trusts managed by abrdn.Access the reports >Asia Pacific EquitiesFebruary was a weak month for most Asian shares as the benchmark MSCI AC Asia Pacific Ex Japan Index returned -5.18% in pound sterling (GBP).Global EquitiesMost global equity markets declined over the period, although Sterling weakness helped minimise capital losses for truly diversified portfolios.Indian EquitiesIndian equities were not spared from the impact of inflation as the MSCI India Index fell 2.92% in sterling terms. Japanese EquitiesJapan’s equity markets rose in February. Globally, equities fell as investors feared persistent inflation in the US would lead to higher interest rates.Multi-AssetFollowing a strong start to the year, global equities delivered a negative return over February. North American EquitiesThe market backdrop remained challenging given a combination of inflationary pressures and expected monetary tightening.Real EstateAccording to the MSCI Monthly Index, total returns for January (latest data available) were -0.2%, up from December’s -3.3%. UK Equities UK equities advanced in February as recession fears receded and inflation continued to fall. Reports
| Aberdeen Diversified Income and Growth Trust plc | Monthly Report | Website | |
| Aberdeen New India Investment Trust PLC | Monthly Report | Website | |
| abrdn Asia Focus plc | Monthly Report | Website | |
| abrdn Asian Income Fund Limited | Monthly Report | Website | |
| abrdn China Investment Company Limited | Monthly Report | Website | |
| abrdn Equity Income Trust plc | Monthly Report | Website | |
| abrdn European Logistics Income plc | Quarterly Report | Website | |
| abrdn Japan Investment Trust plc | Monthly Report | Website | |
| abrdn Latin American Income Fund Limited | Monthly Report | Website | |
| abrdn New Dawn Investment Trust plc | Monthly Report | Website | |
| abrdn Private Equity Opportunities Trust plc | Monthly Report | Website | |
| abrdn Property Income Trust Limited | Quarterly Report | Website | |
| abrdn Smaller Companies Income Trust plc | Monthly Report | Website | |
| abrdn UK Smaller Companies Growth Trust plc | Monthly Report | Website | |
| Asia Dragon Trust plc | Monthly Report | Website | |
| Dunedin Income Growth Investment Trust PLC | Monthly Report | Website | |
| Murray Income Trust PLC | Monthly Report | Website | |
| Murray International Trust PLC | Monthly Report | Website | |
| Shires Income PLC | Monthly Report | Website | |
| The North American Income Trust plc | Monthly Report | Website | |
| UK Commercial Property REIT | Quarterly Report | Website |
Protecting your portfolio from inflation: the Asia angle: Yoojeong Oh , manager of abrdn Asian Income Fund, discusses inflation in the region and how dividends can act as an effective inflation buster. Watch here.
abrdn Japan Investment Trust manager update: Hisashi Arakawa, manager of the abrdn Japan Investment Trust, gives an update on the Trust’s current positioning, recent performance and key portfolio changes. Watch here.
Asia Pacific ex Japan market review and outlook: Kristy Fong, manager of Aberdeen New India Investment Trust, considers what the future could look like for Asia, and discusses the four key focus areas for the Asian Equities team in 2023. Watch here.
For regular, timely updates on all of our investment companies, please follow us on Twitter and LinkedIn. Important informationInvestment involves risk. The value of investments, and the income from them, can go down as well as up and an investor may get back less than the amount invested. Past performance is not a guide to future results.
Kind regards, abrdn Investment Trusts
FTSE International Limited (‘FTSE’) © FTSE 2022. ‘FTSE®’ is a trade mark of the London Stock Exchange Group companies and is used by FTSE International Limited under licence. RAFI® is a registered trademark of Research Affiliates, LLC. All rights in the FTSE indices and/or FTSE ratings vest in FTSE and/or its licensors. Neither FTSE nor its licensors accept any liability for any errors or omissions in the FTSE indices and/or FTSE ratings or underlying data. No further distribution of FTSE Data is permitted without FTSE’s express written consent.
The MSCI information may only be used for your internal use, may not be reproduced or redisseminated in any form and may not be used as a basis for or a component of any financial instruments or products or indices. None of the MSCI information is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such. Historical data and analysis, should not be taken as an indication or guarantee of any future performance analysis forecast or prediction. The MSCI information is provided on an “as is” basis and the user of this information assumes the entire risk of any use made of this information. MSCI, each of its affiliates and each other person involved in or related to compiling, computing or creating any MSCI information (collectively, the “MSCI” Parties) expressly disclaims all warranties (including without limitation, any warranties of originality, accuracy, completeness, timeliness, non-infringement, merchantability and fitness for a particular purpose) with respect to this information. Without limiting any of the foregoing, in no event shall any MSCI Party have any liability for any direct, indirect, special, incidental, punitive, consequential (including, without limitation, lost profits) or any other damages (www.msci.com).
GB-210323-189740-4To ensure that you receive our communications, please add the @abrdn.com domain to your safe senders listView onlinePrivacy and Cookies PoliciesThe attention of users is drawn to our Privacy and Cookies Policies. These include details on the use of performance, identification and targeting cookies (both our own and third parties) to enhance the functionality of our website and to enable us to monitor usage and assist with future communications. Use of cookies are for these limited purposes only. By continuing to use our website, users will be deemed to have accepted these Policies.
abrdn Investments Limited is registered in Scotland (SC108419) at Queen's Terrace, Aberdeen, Scotland, AB10 1XL. Authorised and regulated in the UK by the Financial Conduct Authority.