Invesco Asia Dragon Trust

Invesco Asia Dragon Trust is a British investment trust dedicated to investing in companies in the Far East. It is listed on the London Stock Exchange under the ticker IAD and is described as a constituent of the FTSE 250 Index. The trust provides a listed vehicle through which investors can obtain exposure to publicly traded Asian businesses rather than investing directly in individual securities or maintaining their own regional portfolio. The trust was established in 1995 as Invesco Asia Trust. Its mandate has centered on Asian equity markets, with particular emphasis on companies operating across the Far East. The available reference material does not specify a detailed country allocation, sector allocation, investment-management team, fee structure, or performance record, so those characteristics are not stated here. Its positioning is therefore best understood as regional equity exposure delivered through a closed-end investment-trust structure. A major change occurred in 2024 and 2025. In October 2024, Invesco Asia Trust announced plans to combine with Asia Dragon Trust, another London-listed investment trust focused on the Far East. The proposed transaction involved transferring Asia Dragon Trust's assets to Invesco Asia Trust and then placing Asia Dragon Trust into voluntary liquidation. After completion, the enlarged portfolio would operate under the Invesco Asia Dragon Trust name. The transaction was intended to create a larger investment trust in the Far East-focused sector. Asia Dragon Trust had a separate history dating back to 1987, when it was established as the EFM Dragon Trust. It became Edinburgh Dragon Trust in 1994 and adopted the name Asia Dragon Trust in November 2019. Shareholders approved the proposed scheme on 13 February 2025, enabling completion of the combination. The enlarged Invesco Asia Dragon Trust was admitted to the London Stock Exchange on 14 February 2025. The merger consequently forms an important part of the trust's current identity and explains the inclusion of "Dragon" in its post-transaction name. The trust operates within the Invesco investment-management group. The available source identifies Neil Rogan as chairman. No additional current or former executives, portfolio managers, financial figures, official website address, or detailed present-day portfolio information are supplied by the reference material. Invesco Asia Dragon Trust should not be confused with Invesco's broader range of investment funds or with other Asian investment products that use similar regional terminology.

Invesco Asia Trust was established in 1995 as a United Kingdom investment trust focused on companies and equity markets in the Far East. Its investment-trust structure gave investors access to a listed vehicle rather than an open-ended fund, while its regional mandate positioned it within the Asian equity segment of the London market. The available historical material does not provide the original sponsor details, initial portfolio size, investment manager, or early performance record. The trust's later development was shaped by its combination with Asia Dragon Trust. Asia Dragon Trust originated in 1987 as the EFM Dragon Trust. It changed its name to Edinburgh Dragon Trust in 1994 and subsequently became Asia Dragon Trust in November 2019. Like Invesco Asia Trust, it was focused on companies in the Far East, making the two vehicles strategically adjacent and suitable for consolidation. In October 2024, the proposed merger was announced. The structure involved the transfer of Asia Dragon Trust's assets to Invesco Asia Trust, followed by the voluntary liquidation of Asia Dragon Trust. The combined portfolio was intended to operate under the new name Invesco Asia Dragon Trust and to become the largest investment trust in its Far East-focused sector. This was an asset combination and corporate restructuring rather than a simple brand-name change, because it involved the separate trust's assets, shareholder approval, and liquidation process. Asia Dragon Trust shareholders approved the scheme on 13 February 2025. The transaction was then completed, and Invesco Asia Dragon Trust was welcomed to the London Stock Exchange on 14 February 2025. The post-transaction entity retained the Invesco identity while incorporating the Dragon name associated with the acquired trust's history. It continued to represent a listed investment vehicle focused on Asian and Far East companies. The reference material identifies Neil Rogan as chairman. It does not provide a complete chronology of chairmen, portfolio managers, directors, investment mandates, or changes in the trust's capital structure. It also does not supply detailed information about current holdings, returns, dividends, fees, or assets under management. Those matters require confirmation from the trust's current regulatory filings and official investor materials.

• 2025

  Shareholder approval and London Stock Exchange admission

  [1]Invesco Asia Dragon Trusten.wikipedia.org

  Asia Dragon Trust shareholders approved the scheme on 13 February, and the enlarged Invesco Asia Dragon Trust was welcomed to the London Stock Exchange on 14 February.

• 2024

  Combination with Asia Dragon Trust announced

  [1]Invesco Asia Dragon Trusten.wikipedia.org

  A plan was announced to transfer Asia Dragon Trust's assets to Invesco Asia Trust, liquidate Asia Dragon Trust voluntarily, and operate the enlarged portfolio as Invesco Asia Dragon Trust.

• 1995

  Invesco Asia Trust established

  [1]Invesco Asia Dragon Trusten.wikipedia.org

  Invesco Asia Trust was established as a United Kingdom investment trust focused on companies in the Far East.

A London-listed, Far East-focused investment trust offering diversified exposure to Asian public companies through the Invesco group.

• Listed investment trust · 1995

  Invesco Asia Dragon Trust

  The trust is a London-listed investment vehicle focused on companies in the Far East and wider Asian markets. Following the 2025 combination with Asia Dragon Trust, it represents the enlarged portfolio created by bringing together two regionally focused investment trusts. Its shares trade on the London Stock Exchange under the ticker IAD. The available sources do not provide a detailed breakdown of holdings, sectors, countries, fees, dividends, or investment performance.

• 2024

  Proposed merger with Asia Dragon TrustM&A

  Background

  Invesco Asia Trust and Asia Dragon Trust were both focused on Far East companies. The proposed combination was presented as a way to create a larger investment trust in the sector.

  Action taken

  The transaction was structured as a transfer of Asia Dragon Trust's assets to Invesco Asia Trust, followed by the voluntary liquidation of Asia Dragon Trust. The combined portfolio would operate under the Invesco Asia Dragon Trust name.

  Aftermath

  Shareholders approved the scheme on 13 February 2025. The enlarged trust was admitted to the London Stock Exchange on 14 February 2025.

  Source

1. 1Invesco Asia Dragon Trusten.wikipedia.org