Times have changed.
Comparing today’s price-to-book ratio for Asian and emerging markets with that of 15 years ago is not a like-for-like comparison.
The price-to-book ratio compares a company's market value (its stock price) to its book value (the value of all its assets minus its liabilities).
A disciplined approach.
The Invesco Asia Dragon Trust takes a disciplined approach to identifying companies trading for less than their fair value.
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Investment risks
The value of investments and any income will fluctuate (this may partly be the result of exchange rate fluctuations) and investors may not get back the full amount invested.
The use of borrowings may increase the volatility of the NAV and may reduce returns when asset values fall.
The Invesco Asia Dragon Trust plc uses derivatives for efficient portfolio management which may result in increased volatility in the NAV.
The Invesco Asia Dragon Trust plc invests in emerging and developing markets, where difficulties in relation to market liquidity, dealing, settlement and custody problems could arise.
Important information
Data as at 31.10.25, unless otherwise stated.
If investors are unsure whether this product is suitable for them, they should seek advice from a financial advisor.
For more information on our products, please refer to the relevant Key Information Document (KID), Alternative Investment Fund Managers Directive document (AIFMD), and the latest Annual or Half-Yearly Financial Reports. This information is available using the contact details shown.
Further details of the Company’s Investment Policy and Risk and Investment Limits can be found in the Report of the Directors contained within the Company’s Annual Financial Report.
This is marketing material and not financial advice. It is not intended as a recommendation to buy or sell any particular asset class, security or strategy. Regulatory requirements that require impartiality of investment/investment strategy recommendations are therefore not applicable nor are any prohibitions to trade before publication. Views and opinions are based on current market conditions and are subject to change.
Issued by Invesco Fund Managers Limited, Perpetual Park, Perpetual Park Drive, Henley-on-Thames, Oxfordshire, RG9 1HH, UK. Authorised and regulated by the Financial Conduct Authority.
