abrdn China Investment Company Ltd (ACIC.L)
abrdn China Investment Company Limited is a close-ended equity fund of funds launched and managed by Aberdeen Emerging Capital Limited. The fund invests both directly and through other funds in public equity markets of emerging market countries across the globe, with a focus on Asia, Eastern Europe, the Middle East, Africa, and Latin America. It seeks to invest in stocks of companies operating across diversified sectors. The fund employs quantitative, qualitative, and fundamental analysis with both bottom-up and top-down approaches to create its portfolio. It benchmarks the performance of its portfolio against the MSCI Emerging Markets Net Total Return Index. The fund was formerly known as Aberdeen Emerging Markets Investment Company Limited. abrdn China Investment Company Limited was formed on June 21, 1998 and is domiciled in Guernsey, Channel Islands.
Company Info
Highlights
£175.30M
-£0.54
Share Price Chart
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Performance
Performance Chart
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Returns By Period
ACIC.L
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^GSPC (Benchmark)
-3.77%
7.44%
-5.60%
8.37%
14.12%
10.46%
Monthly Returns
The table below presents the monthly returns of ACIC.L, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -7.28% | 3.54% | 6.09% | 1.85% | |||||||||
| 2023 | 11.55% | -9.22% | -2.15% | -8.97% | -7.65% | -1.31% | 5.30% | -6.50% | -1.68% | -10.60% | 12.76% | -3.62% | -22.69% |
| 2022 | -5.85% | -4.44% | -6.81% | -10.96% | 3.73% | 13.31% | -5.71% | -3.70% | -6.99% | -15.79% | 19.20% | 3.75% | -22.84% |
| 2021 | 0.71% | -0.61% | -0.36% | 2.73% | 0.10% | 2.12% | 1.93% | -1.24% | -0.97% | -2.93% | -3.60% | 8.05% | 5.58% |
| 2020 | -2.34% | -4.39% | -16.70% | 7.80% | 2.63% | 7.92% | -0.92% | 4.26% | 2.24% | 6.14% | 8.78% | 7.66% | 21.92% |
| 2019 | 4.25% | 2.82% | 1.45% | 4.84% | -3.03% | 5.69% | 3.03% | -5.51% | 1.22% | -3.28% | 4.68% | 2.92% | 20.00% |
| 2018 | 4.75% | -3.38% | -3.17% | 0.17% | 0.87% | -3.64% | -0.69% | -2.73% | -1.80% | -5.85% | 2.39% | -0.77% | -13.42% |
| 2017 | 2.92% | 1.52% | 1.21% | 0.65% | 4.40% | 0.57% | 3.10% | 4.44% | -1.84% | 5.24% | -1.27% | 0.16% | 22.92% |
| 2016 | -4.05% | -1.69% | 8.99% | -0.24% | -2.74% | 11.76% | 4.98% | 1.28% | 5.05% | 9.22% | -8.30% | 2.65% | 28.01% |
| 2015 | 4.18% | -0.62% | 2.45% | 4.56% | -0.61% | -7.94% | -0.90% | -11.90% | 0.20% | 5.41% | 0.94% | 0.00% | -5.54% |
| 2014 | -8.56% | 3.96% | 1.00% | 0.99% | 4.60% | -0.64% | 3.18% | 4.00% | -3.63% | 0.23% | 0.46% | -3.91% | 0.83% |
Risk-Adjusted Performance
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for abrdn China Investment Company Ltd (ACIC.L) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
| Period | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|
| Dividend | £0.03 | £0.00 | £0.23 | £0.22 | £0.21 | £0.21 | £0.10 |
Dividend yield | 0.75% | 0.00% | 3.20% | 3.13% | 3.51% | 4.05% | 1.61% |
Monthly Dividends
The table displays the monthly dividend distributions for abrdn China Investment Company Ltd. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | £0.00 | £0.00 | £0.00 | £0.00 | |||||||||
| 2023 | £0.00 | £0.03 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.03 |
| 2022 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 |
| 2021 | £0.00 | £0.06 | £0.00 | £0.00 | £0.06 | £0.00 | £0.00 | £0.06 | £0.00 | £0.00 | £0.00 | £0.06 | £0.23 |
| 2020 | £0.00 | £0.06 | £0.00 | £0.00 | £0.06 | £0.00 | £0.00 | £0.06 | £0.00 | £0.00 | £0.06 | £0.00 | £0.22 |
| 2019 | £0.00 | £0.05 | £0.00 | £0.00 | £0.05 | £0.00 | £0.00 | £0.05 | £0.00 | £0.00 | £0.05 | £0.00 | £0.21 |
| 2018 | £0.00 | £0.00 | £0.05 | £0.00 | £0.05 | £0.00 | £0.00 | £0.05 | £0.00 | £0.00 | £0.05 | £0.00 | £0.21 |
| 2017 | £0.05 | £0.00 | £0.00 | £0.05 | £0.00 | £0.10 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the abrdn China Investment Company Ltd. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the abrdn China Investment Company Ltd was 46.84%, occurring on Feb 5, 2024. The portfolio has not yet recovered.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -46.84% | Dec 17, 2021 | 535 | Feb 5, 2024 | — | — | — |
| -31.52% | Jan 7, 2011 | 1165 | Aug 24, 2015 | 282 | Oct 4, 2016 | 1447 |
| -30.65% | Jan 21, 2020 | 43 | Mar 19, 2020 | 159 | Nov 4, 2020 | 202 |
| -21.74% | Jan 30, 2018 | 189 | Oct 26, 2018 | 303 | Jan 9, 2020 | 492 |
| -11.19% | Oct 27, 2016 | 21 | Nov 24, 2016 | 90 | Apr 5, 2017 | 111 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Financials
Financial Performance
The chart below illustrates the trends in the financial health of abrdn China Investment Company Ltd over time, highlighting three key metrics: Total Revenue, Earnings Before Interest and Taxes (EBIT), and Net Income.
Earnings Per Share
The chart presents the Earnings Per Share (EPS) performance of abrdn China Investment Company Ltd, comparing actual results with analytics estimates.
Valuation
The Valuation section provides an overview of how abrdn China Investment Company Ltd is priced in the market compared to other companies in the Collective Investments industry. It includes key financial ratios that help investors assess whether the stock is undervalued or overvalued.
PS Ratio
This chart shows the Price-to-Sales (P/S) ratio for ACIC.L relative to other companies in the Collective Investments industry. Currently, ACIC.L has a P/S ratio of 4.4. This P/S ratio is low compared to the industry average. It may indicate that the stock is undervalued relative to its revenue, or that the market expects slower growth or lower margins.
PB Ratio
The chart illustrates the Price-to-Book (P/B) ratio for ACIC.L in comparison with other companies in the Collective Investments industry. Currently, ACIC.L has a P/B value of 0.8. This P/B ratio is in line with the industry average, suggesting the stock is valued fairly in relation to its book value.
Income Statement
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