Investment Trusts

Ashoka WhiteOak Emerging Markets Trust plc

AWEM:LSE

Ashoka WhiteOak Emerging Markets Trust plc

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  • Price (GBX)163.50
  • Today's Change-1.00 / -0.61%
  • Shares traded58.06k
  • 1 Year change+28.74%
  • Beta--
Data delayed at least 20 minutes, as of Feb 19 2026 12:44 GMT.
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About the company

Ashoka WhiteOak Emerging Markets Trust PLC is an investment trust. The Company’s investment objective 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. The Company shall invest primarily in securities admitted to trading on any stock exchange (which may include stock exchanges in developed markets) that provide exposure to companies that are domiciled in Global Emerging Markets (EMs), or that are domiciled in developed markets but at the time of investment, derive a majority of their economic value, revenues or profits from, or whose assets or cost base are mainly located in EMs. The Company invests in various sectors, including information technology, consumer discretionary, financials, industrials, materials, utilities, healthcare, consumer staples, and real estate, among others. The Company’s investment manager is Acorn Asset Management Ltd.

  • Revenue in GBP (TTM)11.01m
  • Net income in GBP9.19m
  • Incorporated2023
  • Employees0.00
  • Location
    Ashoka WhiteOak Emerging Markets Trust plc18th Floor, The Scalpel, 52 Lime StreetLONDON EC3M 7AFUnited KingdomGBR
  • Websitehttps://awemtrust.com/
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Profile

Management group(s)Ashoka WhiteOak Capital Pte. Ltd.
AIC sectorGlobal Emerging Markets
ISINGB00BMZR7D19
Launch date03 May 2023
Share typeOrdinary Share
StructureInvestment Trust
Base currencyGBP

Objective

The investment objective of the Company is to achieve long-term capital appreciation, primarily through investment in securities admitted to trading on any stock exchange that provide exposure to Global Emerging Markets. The Company shall invest primarily in securities admitted to trading on any stock exchange that provide exposure to companies that are domiciled in Global Emerging Markets, or that are domiciled in Developed Markets but, at the time of investment, derive a majority of their economic value, revenues or profits from, or whose assets or cost base are mainly located in, Global Emerging Markets

Managed by

Wen Loong Lim, Fadrique Balmaseda, Prashant R. Khemka

Management & contract fees

The Investment Manger is entitled to receive an Alpha Fee, payable in Ordinary Shares subject to meeting the relevant performance criteria. The first Performance Period will start on the earlier of (i) 30 Business Days following Initial Admission and (ii) the date on which more than 70 per cent. of the Net Issue Proceeds have been invested, and will end on the balance sheet date of the Company’s third annual financial results in 2026 (being 31 March 2026).

Peer analysis

Key Information
CompanyRevenue (TTM)Net income (TTM)Market capEmployeesPrice/earnings (TTM)Price/book value (MRQ)Price/cash flow (TTM)Price/sales (TTM)EPS (excl. extraordinary items, TTM)EPS (incl. extraordinary items, TTM)Revenue per share (TTM)Book value per share (MRQ)Asset turnover (TTM)Inventory turnover (TTM)Receivables turnover (TTM)Revenues per employee (TTM)Return on avg assets (TTM)Return on avg assets (5 yr avg)Return on investment (TTM)Return on investment (5 yr avg)Gross margin (TTM)Gross margin
(5 yr avg)
Net profit margin (TTM)Net Profit margin
(5 yr avg)
Quick ratio (MRQ)Interest coverage (TTM)Total debt to capital (MRQ)Payout ratio
(5 yr avg)
Revenue
(YOY change %)
Revenue
(5 yr growth rate)
Net income
(YOY change %)
Net income
(5 yr growth rate)
Capital expenditure
(5 yr growth rate)
Dividend
(5 yr growth rate)
TMT Investments PLC5.21m4.29m60.03m7.0014.280.3868--11.520.18420.18420.22356.800.0332--240.161,004,389.002.738.062.758.25----82.3978.30----0.00---114.33---134.46------
River Global PLC13.35m-1.27m60.28m83.00--0.1078212.244.51-0.0088-0.00750.09290.35940.2221--2.96160,843.40-2.12-0.6611-2.35-0.752193.8597.11-9.54-5.85----0.0229---7.5720.9783.27------
Frenkel Topping Group Plc40.46m4.05m62.09m416.0026.941.4212.071.530.0180.0180.31610.34170.6631--1.8897,259.626.954.988.185.8637.1843.6310.488.44----0.0087.1314.0034.3168.2726.547.000.3677
Logistics Development Group PLC0.0032.57m62.69m3.002.340.5669----0.06470.06470.000.26730.00----0.0030.8513.5431.0817.02------------0.000.00----285.97------
Maven Income and Growth VCT PLC1.03m-691.00k64.81m0.00--0.9461--63.16-0.004-0.0040.0060.36360.0156--1.90---1.052.44-1.052.45-29.2462.15-67.3545.96----0.00235.811,282.8125.79267.4045.46---9.71
Agronomics Ltd-12.14m-16.18m64.98m0.00--0.4464-----0.016-0.016-0.0120.1378-0.0834-------11.12-1.85-11.13-1.87-------89.78---5.100.00---200.91---198.01------
Ashoka WhiteOak Emerging Mrkts Trust PLC11.01m9.19m65.54m0.006.791.15--5.950.24240.24240.30081.430.2264--49.72--18.90--19.05--91.45--83.48------0.00---1.49---16.34------
Blackfinch Spring VCT PLC2.35m524.00k65.58m0.0045.430.893--27.950.01950.01950.04610.9910.0437--293.25--0.9749--0.9932--42.92--22.34------0.00--19.14--1.86------
Maven Income and Growth VCT 3 PLC2.14m127.00k65.91m0.00292.110.8821--30.740.00150.00150.0170.50340.0328--3.40--0.19412.340.1952.3525.5651.315.9238.70----0.00254.75638.0422.38188.3857.59---4.67
Migo Opportunities Trust PLC8.67m6.84m67.74m0.0010.110.9865--7.810.38860.38860.4333.980.103--37.61--8.137.759.378.0488.1790.8778.9581.53----0.002.81-120.05---147.86------
Us Solar Fund PLC-14.54m-17.07m73.00m0.00--0.4914-----0.0749-0.0749-0.06380.6512-0.09-------10.57-3.43-10.69-3.47-----------23,039.000.00--13.49--18.98----9.80
Octopus Aim VCT 2 PLC-5.36m-7.23m73.45m0.00--0.9366-----0.038-0.038-0.02730.3801-0.0612-------8.26-3.33-8.81-3.36------------0.00--112.193.3897.46-----3.04
Premier Miton Group PLC63.32m1.22m73.48m157.0059.450.653210.291.160.00760.00760.39240.68890.2835--0.6749403,312.100.54672.381.014.6797.4092.091.937.85----0.0162195.82-1.13-4.02-35.19-27.0054.55-3.04
Maven Income and Growth VCT 5 PLC5.32m2.90m73.56m0.0021.150.9216--13.830.01370.01370.02460.31470.0751--7.79--4.093.614.113.6462.5965.4954.4954.81----0.00181.45534.4332.09233.6751.46--4.56
Crystal Amber Fund Limited4.87m-1.43m74.48m0.00--0.6979--15.28-0.0226-0.02260.06961.780.04--30.13---1.1816.58-1.1816.8781.2093.96-29.4386.61--0.67080.0053.40-91.72---102.50------
VietNam Holding Ltd756.69k-2.11m75.67m0.00--1.07--100.00-0.097-0.0970.03053.710.0079--0.7772---2.2015.26-2.2115.40-135.5590.14-279.2484.70----0.000.00-96.68---110.75------
Data as of Feb 19 2026. Currency figures normalised to Ashoka WhiteOak Emerging Markets Trust plc's reporting currency: UK Pound GBX

Institutional shareholders

33.97%Per cent of shares held by top holders
HolderShares% Held
Evelyn Partners Investment Management LLPas of 02 Feb 20268.75m22.96%
Quilter Cheviot Ltd.as of 02 Feb 20262.51m6.58%
J. M. Finn & Co. Ltd.as of 02 Feb 20261.01m2.64%
Hargreaves Lansdown Fund Managers Ltd.as of 02 Feb 2026513.00k1.35%
Evelyn Partners Investment Management Services Ltd.as of 02 Feb 202690.00k0.24%
Pilling & Co. Stockbrokers Ltd.as of 02 Feb 202630.00k0.08%
Rathbones Investment Management Ltd.as of 02 Feb 202627.00k0.07%
abrdn Investment Management Ltd.as of 02 Feb 202611.00k0.03%
UOB Kay Hian Pte Ltd.as of 02 Feb 202610.00k0.03%
Winterflood Securities Ltd (Market-Maker)as of 02 Feb 20266.00k0.02%
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Data from 30 Sep 2025 - 11 Feb 2026Source: FactSet Research Systems Inc.
Data Provided by LSEG
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