Aberdeen Singapore Fund, Inc. Announces Performance Data And Portfolio Composition

Donnerstag, 22.09.2016 22:35 von

PR Newswire

PHILADELPHIA, Sept. 22, 2016 /PRNewswire/ -- Aberdeen Singapore Fund, Inc. (the "Fund")(NYSE: SGF), a closed-end equity fund, announced today its performance data and portfolio composition as of August 31, 2016.

Aberdeen Asset Management Inc. At Aberdeen, asset management is our business. We only manage assets for clients, allowing us to focus solely on their needs and deliver independent, objective investment advice. We know global markets from the local level upwards, drawing on more than 1,900 staff, across 32 offices in 23 countries. Investment teams are based in the markets or regions where they invest, delivering local perspective in a global investment environment.

The Fund's total returns for various periods through August 31, 2016 are provided below.  (All figures are based on distributions reinvested at the dividend reinvestment price and are stated net-of-fees):


Cumulative as of 08/31/16

Annualized as of 08/31/16


1 Month

3 Month

YTD

1 Year

3 Years

5 Years

10 Years

Since
Inception

NAV

-1.6

3.8

8.8

7.6

-1.3

1.1

4.9

4.7

Market Price

-1.6

3.5

6.5

5.6

-3.3

-0.9

4.2

3.7

MSCI  Singapore

-2.0

2.5

3.6

3.2

-1.9

0.0

5.8

5.8

On August 31, 2016, the Fund's net assets amounted to US$82.6 million and the Fund's NAV per share was US$10.89.

As of August 31, 2016, the portfolio was invested as follows:

 

Portfolio Composition

Percent of    
Net Assets

Financials

51.7

Industrials

25.9

Telecommunications

6.9

Consumer Discretionary

3.8

Information Technology

3.6

Health Care

3.6

Consumer Staples

0.9

Materials

0.4

Energy

0.3

Cash

2.9

 

The Fund's ten largest equity holdings as of August 31, 2016, representing 60.0% of net assets, were:

 

Stock

Percent of

Net Assets

Oversea-Chinese Banking Corporation

10.3

DBS Group Holdings

6.9

Singapore Telecom

6.9

United Overseas Bank

6.9

Jardine Matheson

6.6

City Developments

6.5

Keppel Corporation

4.7

Singapore Technologies Engineering

3.9

Jardine Cycle and Carriage

3.7

Raffles Medical Group

3.6

 

Important Information

Aberdeen Asset Management Inc. has prepared this report based on information sources believed to be accurate and reliable.  However, the figures are unaudited and neither the Fund, Aberdeen Asset Management Inc. (the Administrator), Aberdeen Asset Management Asia Limited (the Investment Manager), nor any other person guarantees their accuracy.  Investors should seek their own professional advice and should consider the investment objectives, risks, charges and expenses before acting on this information. Aberdeen is a U.S. registered service mark of Aberdeen Asset Management PLC.

Closed-end funds are traded on the secondary market through one of the stock exchanges. The Fund's investment return and principal value will fluctuate so that an investor's shares may be worth more or less than the original cost. Shares of closed-end funds may trade above (a premium) or below (a discount) the net asset value (NAV) of the fund's portfolio. There is no assurance that the Fund will achieve its investment objective.

Total return figures with distributions reinvested at the dividend reinvestment price are stated net-of-fees and represents past performance.  Past performance is not indicative of future results, current performance may be higher or lower.  Holdings are subject to change and are provided for informational purposes only and should not be deemed as a recommendation to buy or sell the securities shown.  Inception date July 31, 1990.

If you wish to receive this information electronically, please contact: InvestorRelations@aberdeen-asset.com

Logo - http://photos.prnewswire.com/prnh/20121106/NE07292LOGO

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/aberdeen-singapore-fund-inc-announces-performance-data-and-portfolio-composition-300332845.html

SOURCE Aberdeen Singapore Fund, Inc.