Dear Denitsa,

Welcome to the Investment Matters Newsletter for June. If you missed the May edition, you can read it here.

This month, we share the new episode of the Emerging Markets Equities Podcast Spring tide: how will EM benefit from nearshoring.

Gabriel Sacks, Investment Director, Emerging Markets Equities, joins Nick Robinson, Senior Investment Director, to discuss the trend of nearshoring and how the changing structure of global supply chains is impacting the companies and economies of emerging markets.

Earlier this month, Alex Smith, Senior Investment Specialist from abrdn's Singapore office took part in the 2023 ASX Adviser Day. He spoke about Emerging Markets and why high convictions strategies are well placed to benefit from changing fundamentals.

Alex has been concentrating on Emerging Markets over the past 5 years and despite seeing the asset class struggling over the past decade, he is now sharing a positive sentiment:

"It’s no secret that 2022 was a bruising year for equities. The war in Ukraine, surging inflation, and China’s COVID lockdowns, left emerging markets as no exception. That has capped off a long period of underperformance from emerging markets. At abrdn, we’re focusing on the key issues that could see emerging markets make a comeback; such as the cracks in the US cycle and its implications for interest rates, and the dollar, China’s economic rebound and a potentially exciting decade for emerging markets in general. We think fundamentals and valuations are also now in EM’s favour."

To find out more about his observations and reasoning, watch his presentation below at the 2023 ASX Adviser Day.

We hope you enjoy the newsletter and find it informative. To learn more please don't hesitate to reach out to a member of our team via details below.

Until next time,

The SG Hiscock Team

Also this month:

The Asian century? It’s only just begun.

Asia's future looks bright. We set out 5 fundamental reasons why we believe Emerging Asia is set to deliver economic outperformance up to 2050 and beyond.

The solutions for a net zero world will come from Asia

A look at some of the leading Asian companies we believe are creating many of the net zero solutions of tomorrow.

Buy/Sell spreads for the following funds effective 15 June 2023:

• abrdn Global Corporate Bond Fund (updated to reflect the latest spreads for the underlying fund)

Target Market Determination (TMD)

Please note our TMD’s can be located on our dedicated Fund webpages by visiting the Fund Literature section of the website, alternatively you can contact client services on 1800 636 888 or [email protected]

SGH Distribution team

Igor Kolevski

Senior Business Development Manager

0406 683 537

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Daniel Shelest

Research & Consultants Manager

0432 474 254

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Arooj Younas

Marketing & Events Manager

0423 561 879



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Jessica Dalziell

Senior Client Associate

0422 738 841

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Jordan Brunt

Client Associate

0422 042 799

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For any queries or information, contact us on 1800 636 888 or [email protected]

Disclaimer

Important Information

abrdn Australia Limited ABN 59 002 123 364 AFSL No. 240263, is the Responsible Entity of the Fund. This document has been prepared with care, is based on sources believed to be reliable and opinions expressed are honestly held as at the applicable date. However it is of a general nature only and we accept no liability for any errors or omissions. This is not an offer of securities. A Product Disclosure Statement (PDS), application form, and Target Market Determination (TMD) is available for each Fund by calling Client Services on 1800 636 888, at www.abrdn.com/aus, or from your financial adviser. This document has been prepared without taking into account the particular objectives, financial situation or needs of any investor. Investments are subject to investment risk, including possible delays in payment and loss of income and principal invested. It is important that before deciding whether to acquire, hold or redeem an investment in a Fund that investors consider the Fund’s PDS, the Fund’s appropriateness to their own circumstances, objectives and financial situation and consult financial and tax advisers. Past performance is not a reliable indicator of future results. All dollars are Australian dollars unless otherwise specified. Indices are copyrighted by and proprietary to the issuer.

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