Invesco Asia Trust plc (LSE: IAD) today celebrated its combination with Asia Dragon Trust with the market opening at the London Stock Exchange. The combination will create an investment trust with approximately £790 million in net assets and is expected to result in substantial benefits for shareholders. Invesco, a global asset manager with US$1.8 trillion of AUM, including US$15.2 billion in Asia and EM Equities (as at 31 December 2024), will remain as the investment manager of the Company, with Co-Portfolio Managers, Fiona Yang and Ian Hargreaves, supported by the depth of resource and experience offered by the wider Invesco Asian & Emerging Markets Equities Team. Invesco Asia Trust will shortly be renamed Invesco Asia Dragon Trust plc and the ticker has changed from IAT to IAD

Neil Rogan, Chairman of Invesco Asia Trust, said:

“We are excited to embark on this new chapter as Invesco Asia Dragon. This combination has created a stronger, larger and more liquid Company with reduced costs and an enhanced ability to deliver value for our shareholders. It also brings the scale to add to our existing buy ratings that will spur future growth. Existing and new investors will benefit from Invesco's expertise targeting undervalued opportunities in Asian markets. Our ambition is to be the go-to Asian equity trust, and we have been clear we want to grow both organically and through acquisitions where attractive opportunities present themselves.”