Aberdeen New Dawn
May 2021: An update from fund manager James Thom
In an environment of rising inflation and input costs, companies with stronger pricing power, such as those that we hold, should fare better. They will likely be able to pass costs through to customers and protect margins. We are watchful of macroeconomic developments and monitor their potential impact on the portfolio through earnings and company guidance. Nonetheless, we invest based on a long-term horizon. We believe many of the changes sparked by the pandemic are here to stay, including faster adoption of cloud computing and e-commerce. In addition, Asia’s burgeoning middle class will fuel rising demand for healthcare services and wealth management, while the region’s urbanisation and infrastructure needs remain vast. We remain focused on quality Asian companies that are best-placed to capitalise on these structural growth opportunities.
Investing in locally chosen, high quality, Asia-Pacific companies