Investment Policy
Investment Objective
Ashoka WhiteOak Emerging Markets Trust Plc is a high conviction long-only equity investment trust. The investment objective of the Company is to achieve long-term capital appreciation through investment in securities which derive the majority of the economic values, revenues, profits, or cost base from Global Emerging Markets.
Investment Objective
Ashoka India Equity Investment Trust plc (“the Company”) is a high conviction long-only equity investment trust.
The investment objective of the Company is to achieve long-term capital appreciation, mainly through investment in securities listed in India and listed securities of companies with a significant presence in India.
Summary of Investment Policy
In pursuance of its objective, the Company also abides by following rules:
01.
Invest no more than 50% of Gross Assets in companies that are domiciled in, or derive a majority of their economic value, revenues or profits from a single emerging market jurisdiction.
02.
Invest no more than 40% of Gross Assets in any single sector.
03.
Invest no more than 15% of Gross Assets in any single holding or securities of any one issuer.
04.
Investment in unlisted securities of any one issuer will be limited to 5% of Gross Assets.
05.
Investment in unlisted securities of any one issuer will be limited to 10% of Gross Assets.
06.
No more than 15% of their Gross Assets in other listed investment companies or investment trusts.
07.
The Company may deploy gearing, which will not exceed 25% of NAV.
08.
The Company may invest up to 10% of Gross Assets in Companies domiciled in Frontier and Developed Markets that derive a majority of their economic value, revenues, profits, assets or cost base from Global Emerging Markets.
This is the summary of the Company’s investment policy. For the full investment policy please refer to our Prospectus
For a full set of risk factors relating to an investment in the company, please refer to the latest Prospectus