The Company's Annual Report and Financial Statements for the year ended 30 September 2024 is being published in hard copy format and an electronic copy will shortly be available to view and download from the Company's web pages: www.schroders.co.uk/asiapacific.
Key highlights
- The Company made a positive return over the period, with a NAV total return of 16.5% though this lagged the benchmark return of 17.3%.
- The share price produced a total return of 15.6% over the year.
- The Company continues its commendable long term record of NAV total return outperformance of the benchmark which sits at an annualised 2.2% over ten years.
- The biggest driver of relative performance was stock selection, which was significantly positive in Taiwan, the Philippines, Indonesia and Hong Kong, but negative in China, Korea and India.
- The Directors are recommending a final dividend of 12.50 pence per share for the year ended 30 September 2024, representing an increase of 4.2% over the amount paid in respect of the previous financial year.
- A total of 8,209,500 shares were bought back for cancellation at a cost of £41.5 million (2023: 6,000,000 shares were bought back and cancelled at a cost of £29.8 million), adding 0.6% to the NAV.
James Williams, Chairman, Schroder AsiaPacific Fund plc commented:
"Asia Pacific remains an engine of global growth, with robust domestic consumption, technological innovation, and an increasingly affluent population. Our focus remains on identifying high-quality companies that can navigate this evolving landscape, while positioning the portfolio to manage risk through prudent diversification and active engagement with companies."
The Company has submitted a copy of its Annual Report and Financial Statements to the National Storage Mechanism and it will shortly be available for inspection at: National Storage Mechanism | FCA.
Enquiries:
Schroder Investment Management Limited
Charlotte Banks/Kirsty Preston (Press) | 020 7658 2106 |
Kerry Higgins | 020 7658 6000 |