Aberdeen Standard Asia Focus PLC

The Company aims to maximise total return to shareholders over the long term from a portfolio made up predominantly of smaller quoted companies (with a market capitalisation of up to approximately US$1.5 billion at the time of investment) in the economies of Asia and Australasia, excluding Japan by following the investment policy described below. When it is in shareholders’ interests to do so, the Company reserves the right to participate in the rights issue of an investee company notwithstanding that the market capitalisation of that investee may exceed the stated ceiling.

Morningstar rating:

A fundamental, high conviction portfolio of well-researched Asian small caps.

Daily prices as of {{asOfDate}}

Key literature

Morningstar Daily Factsheet

Monthly factsheet

Annual Report

Interim Report

Savings Plan/ISA Brochure

Circular to CULS Holders – April 2018

CULS 2025 Prospectus

CULS Prospectus dated 23 April 2012

Notice of AGM

Pre-investment Disclosure Document (PIDD)

Alternative Investment Fund Managers Directive (AIFMD) Remuneration Disclosure 31 December 2018

Twenty years of transformation

Key Information Document

Citywire Interview Read all literature

Key people

Nigel Cayzer

Chairman

Chairman of Oryx International Growth Fund Limited and a director of a number of other investment companies.

Charlotte Black

Independent Non-Executive Director

Ms Black is a Fellow of the Chartered Institute for Securities & Investment and an independent public affairs consultant. She was until 2015 director, Corporate Affairs at Brewin Dolphin Holdings PLC, having previously served within that company as Marketing Director and in investment management roles. Charlotte has served on the boards of a number of industry related entities including The Wealth Management Association, The Chartered Institute for Securities & Investment and Euroclear PLC.

Randal Dunluce

Independent Non-Executive Director

A Partner of Sarasin & Partners LLP responsible for the management of private client and charity portfolios as well as selfinvested personal pension schemes. He is chairman of Sarasin’s London partnership. He is also a non–executive director of a number of other private companies.

Haruko Fukuda

Independent Non-Executive Director

Previously chief executive of the World Gold Council. She was vice chairman of Nikko Europe PLC and a Partner of James Capel & Co. She was a non-executive director of the Foreign & Colonial Investment Trust PLC for seventeen years until May 2005 and has been a director of several other investment trust companies.

Martin Gilbert

Non-Executive Director

Martin Gilbert is Co-Chief Executive Officer of Standard Life Aberdeen plc following the merger in August 2017 between Aberdeen Asset Management plc and Standard Life plc. Prior to the merger, Martin was co-founder and Chief Executive of Aberdeen Asset Management plc, established in 1983. Under Martin’s leadership, Aberdeen became one of the world’s leading independent asset managers through a combination of organic growth and acquisition, joining the FTSE 100 in March 2012. The Group’s core expertise is in equities, fixed income, alternatives and property and it manages assets for national and corporate pension funds, central banks, financial institutions, charities, foundations and private individuals around the world. Martin was appointed Chairman of the Prudential Regulation Authority's Practitioner Panel in December 2013. He sits on the UK Treasury’s Financial Services Trade and Investment Board and the Scottish Government’s Financial Services Advisory Board. He is also a member of the International Advisory Panel of the Monetary Authority of Singapore and the International Advisory Board of British American Business. Martin is also a non-executive director of Sky PLC. In 2008, Martin was named European Personality of the Year at the Funds Europe Awards. In 2009, he was awarded the honorary degree of Doctor of Laws by the University of Aberdeen for services to business and entrepreneurship as well as an honorary degree from Heriot Watt University. In 2011, he was named Scotland PLC CEO of the Year at the Business Insider/PwC Scotland PLC Awards. Martin is Adjunct Professor of Finance at Imperial College Business School. Martin, who was born in Malaysia, was educated in Aberdeen and has an MA in Accountancy and an LLB. He divides his time between Aberdeen, Edinburgh and London, as well as overseeing the international operations of the Group.

Debby Guthrie

Independent Non-Executive Director

Ms Guthrie is an experienced Japanese equity research salesman at Pelham Smithers Associates, having formerly been director, Yen Equity Sales at Bank of America Merrill Lynch and prior to that director, Japan Equity Sales at Smith New Court. As a first career, Debby worked in the Finance and Environment branches of the Hong Kong Government, as an Administrative Officer. Ms Guthrie is also a director of JP Morgan Japan Smaller Companies Investment Trust PLC.

Philip Yea

Independent Non-Executive Director

Chief executive of 3i Group plc until 2009 and prior to that served as a managing director at Investcorp Bank the Bahrain listed private equity firm and was group finance director at Diageo plc. He is currently chairman of Greene King plc and Equiniti Group Plc. He is also a director of Marshall of Cambridge (Holdings) Limited and Computacenter Plc was formerly a trustee director of the Francis Crick Institute.

Nigel Cayzer

Chairman
Chairman of Oryx International Growth Fund Limited and a director of a number of other investment companies.
Charlotte Black

Independent Non-Executive Director
Ms Black is a Fellow of the Chartered Institute for Securities & Investment and an independent public affairs consultant. She was until 2015 director, Corporate Affairs at Brewin Dolphin Holdings PLC, having previously served within that company as Marketing Director and in investment management roles. Charlotte has served on the boards of a number of industry related entities including The Wealth Management Association, The Chartered Institute for Securities & Investment and Euroclear PLC.
Randal Dunluce

Independent Non-Executive Director
A Partner of Sarasin & Partners LLP responsible for the management of private client and charity portfolios as well as selfinvested personal pension schemes. He is chairman of Sarasin’s London partnership. He is also a non–executive director of a number of other private companies.
Haruko Fukuda

Independent Non-Executive Director
Previously chief executive of the World Gold Council. She was vice chairman of Nikko Europe PLC and a Partner of James Capel & Co. She was a non-executive director of the Foreign & Colonial Investment Trust PLC for seventeen years until May 2005 and has been a director of several other investment trust companies.
Martin Gilbert

Non-Executive Director
Martin Gilbert is Co-Chief Executive Officer of Standard Life Aberdeen plc following the merger in August 2017 between Aberdeen Asset Management plc and Standard Life plc. Prior to the merger, Martin was co-founder and Chief Executive of Aberdeen Asset Management plc, established in 1983. Under Martin’s leadership, Aberdeen became one of the world’s leading independent asset managers through a combination of organic growth and acquisition, joining the FTSE 100 in March 2012. The Group’s core expertise is in equities, fixed income, alternatives and property and it manages assets for national and corporate pension funds, central banks, financial institutions, charities, foundations and private individuals around the world. Martin was appointed Chairman of the Prudential Regulation Authority's Practitioner Panel in December 2013. He sits on the UK Treasury’s Financial Services Trade and Investment Board and the Scottish Government’s Financial Services Advisory Board. He is also a member of the International Advisory Panel of the Monetary Authority of Singapore and the International Advisory Board of British American Business. Martin is also a non-executive director of Sky PLC. In 2008, Martin was named European Personality of the Year at the Funds Europe Awards. In 2009, he was awarded the honorary degree of Doctor of Laws by the University of Aberdeen for services to business and entrepreneurship as well as an honorary degree from Heriot Watt University. In 2011, he was named Scotland PLC CEO of the Year at the Business Insider/PwC Scotland PLC Awards. Martin is Adjunct Professor of Finance at Imperial College Business School. Martin, who was born in Malaysia, was educated in Aberdeen and has an MA in Accountancy and an LLB. He divides his time between Aberdeen, Edinburgh and London, as well as overseeing the international operations of the Group.
Debby Guthrie

Independent Non-Executive Director
Ms Guthrie is an experienced Japanese equity research salesman at Pelham Smithers Associates, having formerly been director, Yen Equity Sales at Bank of America Merrill Lynch and prior to that director, Japan Equity Sales at Smith New Court. As a first career, Debby worked in the Finance and Environment branches of the Hong Kong Government, as an Administrative Officer. Ms Guthrie is also a director of JP Morgan Japan Smaller Companies Investment Trust PLC.
Philip Yea

Independent Non-Executive Director
Chief executive of 3i Group plc until 2009 and prior to that served as a managing director at Investcorp Bank the Bahrain listed private equity firm and was group finance director at Diageo plc. He is currently chairman of Greene King plc and Equiniti Group Plc. He is also a director of Marshall of Cambridge (Holdings) Limited and Computacenter Plc was formerly a trustee director of the Francis Crick Institute.

Hugh Young

Managing Director, Aberdeen Asset Management Asia

Hugh Young is a Director of Aberdeen Asset Management PLC and Managing Director of the Group's Asian business. He has overall responsibility for the Group’s active equity, fixed income and property capabilities. Hugh joined Aberdeen in 1985 to manage Asian equities from London, having previously held posts at Fidelity International and MGM Assurance. He founded Singapore-based Aberdeen Asia in 1992 and since then he has built the company into one of the largest and most well-respected managers of such assets globally.

Flavia Cheong

Head of Equities - Asia Pacific ex Japan, Aberdeen Asset Management Asia

Flavia Cheong is Head of Asia Pacific ex Japan Equity on the Asian Equities team, where, as well as sharing responsibility for company research, she oversees regional portfolio construction. Before joining Aberdeen in 1996, she was an economist with the Investment Company of the People’s Republic of China, and earlier with the Development Bank of Singapore. Flavia graduated with a BA in Economics and an MA (Hons) in Economics from the University of Auckland. She is a CFA charterholder.

CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute

Pruksa Iamthongthong

Investment Director, Equities Asia

Chartered Financial Analyst, BA in Business Administration from Chulalongkorn University, Thailand joined ASI Asia in 2007.

Adrian Lim

Senior Investment Manager

Adrian Lim is a senior investment manager on the Asia Pacific (ex Japan) equity team. Adrian originally joined Aberdeen in 2000 as a manager in private equity, on the acquisition of Murray Johnstone, but transferred to his current post soon afterwards. Previously, Adrian worked for Arthur Andersen LLP as an associate director advising clients on mergers & acquisitions in the region.

Adrian graduated with a BAcc from Nanyang Technological University, Singapore. He is a CFA Charterholder.

CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute

Gabriel Sacks

Investment Director

Chartered Financial Analyst, MA in Land Economy from Cambridge University. Joined ASI in 2008 as part of the London-based Global Emerging Markets Equities team and transferred to Asian Equities in 2018.

Hugh Young

Managing Director, Aberdeen Asset Management Asia
Hugh Young is a Director of Aberdeen Asset Management PLC and Managing Director of the Group's Asian business. He has overall responsibility for the Group’s active equity, fixed income and property capabilities. Hugh joined Aberdeen in 1985 to manage Asian equities from London, having previously held posts at Fidelity International and MGM Assurance. He founded Singapore-based Aberdeen Asia in 1992 and since then he has built the company into one of the largest and most well-respected managers of such assets globally.
Flavia Cheong

Head of Equities - Asia Pacific ex Japan, Aberdeen Asset Management Asia
Flavia Cheong is Head of Asia Pacific ex Japan Equity on the Asian Equities team, where, as well as sharing responsibility for company research, she oversees regional portfolio construction. Before joining Aberdeen in 1996, she was an economist with the Investment Company of the People’s Republic of China, and earlier with the Development Bank of Singapore. Flavia graduated with a BA in Economics and an MA (Hons) in Economics from the University of Auckland. She is a CFA charterholder.

CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute
Pruksa Iamthongthong

Investment Director, Equities Asia
Chartered Financial Analyst, BA in Business Administration from Chulalongkorn University, Thailand joined ASI Asia in 2007.
Adrian Lim

Senior Investment Manager
Adrian Lim is a senior investment manager on the Asia Pacific (ex Japan) equity team. Adrian originally joined Aberdeen in 2000 as a manager in private equity, on the acquisition of Murray Johnstone, but transferred to his current post soon afterwards. Previously, Adrian worked for Arthur Andersen LLP as an associate director advising clients on mergers & acquisitions in the region.

Adrian graduated with a BAcc from Nanyang Technological University, Singapore. He is a CFA Charterholder.

CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute
Gabriel Sacks

Investment Director
Chartered Financial Analyst, MA in Land Economy from Cambridge University. Joined ASI in 2008 as part of the London-based Global Emerging Markets Equities team and transferred to Asian Equities in 2018.

Financial calendar

Event	Date
Year End	31 July
Accounts Published	October
Annual General Meeting	December
Dividend Paid	December

Trust details

Aberdeen Standard Asia Focus PLC

Registered Office:
Bow Bells House
One Bread Street
London
EC4M 9HH

Registered in England and Wales as an Investment Company Number 3106339

Launch Date: October 1995

Risk Warning

Risk warning
The value of investments and the income from them can go down as well as up and you may get back less than the amount invested. The tax benefits relating to ISA investments may not be maintained. Investors should review the relevant Key Information Document (KID) brochure prior to making an investment decision.
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