PHILADELPHIA, July 24, 2017 /PRNewswire/ -- Aberdeen
Greater China Fund, Inc. (the "Fund") (NYSE: GCH), a closed-end
equity fund, announced today its performance data and portfolio
composition as of June 30,
2017.
The Fund's total returns for various periods through
June 30, 2017 are provided
below. (All figures are based on distributions reinvested at
the dividend reinvestment price and are stated
net-of-fees):
|
Cumulative as of
06/30/17
|
Annualized as of
06/30/17
|
|
1 Month
|
3 Month
|
YTD
|
1 Year
|
3 Years
|
5 Years
|
10 Years
|
NAV
|
2.2
|
7.2
|
21.9
|
27.6
|
5.7
|
6.2
|
1.4
|
Market
Price
|
5.6
|
9.2
|
32.0
|
38.8
|
6.5
|
6.1
|
2.4
|
MSCI Golden
Dragon
|
2.5
|
9.5
|
23.5
|
30.9
|
8.0
|
10.5
|
5.1
|
On June 30, 2017, the Fund's net
assets amounted to US$110.8 million
and the Fund's NAV per share was US$12.56.
As of June 30, 2017, the portfolio
was invested as follows:
Portfolio
Composition
|
Percent of
Net Assets
|
Industrials
|
18.8
|
Financials
|
16.2
|
Consumer
Discretionary
|
14.1
|
Information
Technology
|
11.9
|
Real
Estate
|
11.7
|
Telecommunications
|
8.6
|
Consumer
Staples
|
5.2
|
Health
Care
|
4.0
|
Energy
|
3.5
|
Utilities
|
1.3
|
Cash
|
4.6
|
Portfolio
Composition
|
Geographic
Exposure %
|
Hong Kong
|
54.7
|
China
|
32.9
|
Taiwan
|
11.4
|
United
States
|
0.9
|
The Fund's ten largest equity holdings as of June 30, 2017, representing 44.1% of net assets,
were:
Stock
|
Percent
of
Net
Assets
|
AIA Group
|
6.3
|
Taiwan
Semiconductor
|
6.2
|
Jardine
Strategic
|
5.6
|
HSBC
Holdings
|
4.9
|
MTR
Corporation
|
4.9
|
China
Mobile
|
3.7
|
Taiwan
Mobile
|
3.3
|
Swire
Properties
|
3.3
|
Hangzhou Hikvision
Digital Technology
|
3.1
|
Hang Lung
|
2.7
|
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 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 Asset Management Asia Limited (the "Investment
Manager") and Aberdeen Asset Management Inc. (the "Administrator")
are each a subsidiary of Aberdeen Asset Management PLC ("Aberdeen
PLC"). On March 6, 2017, the
Boards of Standard Life plc and Aberdeen PLC announced that they
had reached an agreement on the terms of a merger ("Merger"). The
Boards of each of Standard Life plc and Aberdeen PLC believe that
the Merger has a compelling strategic and financial rationale
through combining complementary strengths to create a world-class
investment group. The Merger is expected to occur in the third
quarter of 2017, subject to various conditions and terms, including
regulatory approvals. The portfolio management team for the Fund is
not expected to change as a result of the Merger. In
addition, the agreements that the Fund has with Aberdeen PLC's
subsidiary companies, the services provided by such companies, and
the fees charged for those services are not expected to change as a
result of the Merger.
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 23, 1992.
If you wish to receive this information
electronically, please contact:
InvestorRelations@aberdeen-asset.com
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SOURCE Aberdeen Greater China Fund, Inc.