Stifel downgrades 'uninspiring' Asia Dragon trust rating to negative

Following its merger with abrdn New Dawn, the trust saw its total assets grow by £214.7m last month, putting its total assets at £736.4m and making it one of the largest trusts in the Asia sector despite a recent dip in net assets to just over £700m.  In a research note, analysts William Crighton, Iain Scouller and Sachin Saggar noted the trust's performance has struggled over the past two years, as its quality focus has been out of favour. Asia Dragon assets swell by over £200m following abrdn New Dawn merger Five-year net asset value total return, which had previously looked much...