Find out more about our investment objective, approach, portfolio and performance.
Our articles, podcasts and videos offer the latest perspectives from our managers on the evolving investment landscape.
On Tuesday 24th August, Aberdeen New India Investment Trust PLC hosted an online presentation for shareholders to raise questions ahead of the AGM. This online event took the form of a short introduction from the Chairman, followed by a more detailed presentation from the manager, Kristy Fong. The post-event recording is available to watch below.
An update from our investment manager, Kristy Fong - 29 April 2022
As the Russia-Ukraine conflict becomes more entrenched, elevated oil and commodity prices will weigh on India’s economic growth in the near term, while keeping inflation sticky. The country’s strategic and historical ties with Russia, as well as its growing trading relationship with the United States, requires Prime Minister Narendra Modi’s government to tread carefully in its stance over the conflict in Ukraine. Foreign investors will observe New Delhi’s next steps carefully. We will continue to keep an eye on inflation, particularly in view of the spike in the oil prices, as well as rising commodity prices. We are confident that the portfolio holdings’ pricing power and ability to sustain margins provide a measure of comfort. Over the longer term, we believe India remains alluring to investors. It is home to many of Asia’s most successful companies that have been tested by prior economic, as well as geopolitical crises. We remain highly selective in our portfolio positioning, preferring high-quality companies with robust balance sheets and led by good management that helps them weather storms better than most. We believe these companies will deliver sustainable returns over time.
Kristy Fong is an investment manager on the Asian equities team. Kristy joined abrdn in 2004 from UOB KayHian Pte Ltd where she was an analyst.
Kristy graduated with a BA (Hons) in Accountancy from Nanyang Technological University, Singapore. She is a CFA Charterholder.
CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.
Joined the company: August 2010
Nationality: British
Location: Singapore
James Thom is an investment manager on the Asian Equities Team. James joined the company in 2010 from Actis, the emerging markets Private Equity firm, based in Singapore and covering Southeast Asia.
James graduated with an MBA from INSEAD, an MA from Johns Hopkins University and a BSc from University College London.
Investment Director
Kristy Fong is an investment manager on the Asian equities team. Kristy joined abrdn in 2004 from UOB KayHian Pte Ltd where she was an analyst.
Kristy graduated with a BA (Hons) in Accountancy from Nanyang Technological University, Singapore. She is a CFA Charterholder.
CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.
Investment Director
Joined the company: August 2010
Nationality: British
Location: Singapore
James Thom is an investment manager on the Asian Equities Team. James joined the company in 2010 from Actis, the emerging markets Private Equity firm, based in Singapore and covering Southeast Asia.
James graduated with an MBA from INSEAD, an MA from Johns Hopkins University and a BSc from University College London.
Appointed a Director on 7 September 2016, Michael Hughes became Senior Independent Director on 23 September 2020. He is a Director of T. Bailey Asset Management Limited and acting investment consultant to various family offices and charities. He was a Director of Baring Asset Management Limited from 1998, and Chief Investment Officer from 2000, until his retirement in 2007. Prior to this, he was Managing Director of Barclays Capital (previously BZW) and Chairman of the Board of pension trustees. Before ‘Big Bang’ he was a Partner at stockbrokers de Zoete and Bevan.
Michael Hughes is chairman of JPMorgan Mid Cap Investment Trust plc.
Appointed a Director on 26 September 2013, Stephen became Chairman of the Audit Committee on 11 September 2014. He qualified as a Chartered Accountant at PwC before starting a career in investment management. He has more than 35 years' experience of managing investment portfolios, most notably twenty years as Head of European Equities at F&C Asset Management and ten years as Head of European and US Equities at British Steel Pension Fund. He is a non-executive Director and chairman of the audit committee of Blackrock Frontiers Investment Trust plc and a non-executive director of JP Morgan European Smaller Companies Investment Trust plc and Polar Capital Technology Trust plc.
Rebecca Donaldson was appointed as a Director of the Company on 1 September 2020. She has led the development of global marketing, communications and investor relations solutions for a broad range of investment companies, most recently as Head of Channel Marketing, EMEA at BMO Global Asset Management, and previously with Fidelity Worldwide Investments, Dexion Capital plc (now Fidante Partners) and UBS Global Asset Management AG.
Appointed a Director on 1 November 2021, David initially qualified as a solicitor before following a career in corporate finance, which included seven years with Barclays de Zoete Wedd and 15 years with KPMG, latterly as global head of mergers and acquisitions. David has worked with numerous major corporates, listed companies, private equity, charitable and public bodies. David is currently chairman both of Ecofin Global Utilities and Infrastructure Trust plc and of M&G Credit Income Investment Trust plc.
Chairman
Senior Independent Director
Appointed a Director on 7 September 2016, Michael Hughes became Senior Independent Director on 23 September 2020. He is a Director of T. Bailey Asset Management Limited and acting investment consultant to various family offices and charities. He was a Director of Baring Asset Management Limited from 1998, and Chief Investment Officer from 2000, until his retirement in 2007. Prior to this, he was Managing Director of Barclays Capital (previously BZW) and Chairman of the Board of pension trustees. Before ‘Big Bang’ he was a Partner at stockbrokers de Zoete and Bevan.
Michael Hughes is chairman of JPMorgan Mid Cap Investment Trust plc.
Chairman of Audit Committee
Appointed a Director on 26 September 2013, Stephen became Chairman of the Audit Committee on 11 September 2014. He qualified as a Chartered Accountant at PwC before starting a career in investment management. He has more than 35 years' experience of managing investment portfolios, most notably twenty years as Head of European Equities at F&C Asset Management and ten years as Head of European and US Equities at British Steel Pension Fund. He is a non-executive Director and chairman of the audit committee of Blackrock Frontiers Investment Trust plc and a non-executive director of JP Morgan European Smaller Companies Investment Trust plc and Polar Capital Technology Trust plc.
Non-Executive Director
Rebecca Donaldson was appointed as a Director of the Company on 1 September 2020. She has led the development of global marketing, communications and investor relations solutions for a broad range of investment companies, most recently as Head of Channel Marketing, EMEA at BMO Global Asset Management, and previously with Fidelity Worldwide Investments, Dexion Capital plc (now Fidante Partners) and UBS Global Asset Management AG.
Non-Executive Director
Appointed a Director on 1 November 2021, David initially qualified as a solicitor before following a career in corporate finance, which included seven years with Barclays de Zoete Wedd and 15 years with KPMG, latterly as global head of mergers and acquisitions. David has worked with numerous major corporates, listed companies, private equity, charitable and public bodies. David is currently chairman both of Ecofin Global Utilities and Infrastructure Trust plc and of M&G Credit Income Investment Trust plc.
| Year End | 31 March |
| Accounts Published | July |
| Annual General Meeting | September |
| Dividend Paid | n/a |
