PHILADELPHIA, Dec. 21, 2016 /PRNewswire/ -- The Asia
Tigers Fund, Inc. (the "Fund") (NYSE: GRR), a closed-end equity
fund, announced today its performance data and portfolio
composition as of November 30,
2016.
The Fund's total returns for various periods through
November 30, 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
11/30/16
|
Annualized as of
11/30/16
|
|
1 Month
|
3 Month
|
YTD
|
1 Year
|
3 Years
|
5 Years
|
10 Years
|
Since
Inception
|
|
NAV
|
-3.9
|
-5.3
|
5.5
|
5.5
|
-2.1
|
2.3
|
2.5
|
3.2
|
|
Market
Price
|
-4.5
|
-5.7
|
4.3
|
3.7
|
-4.8
|
-0.1
|
0.2
|
2.1
|
|
MSCI All Country Asia
ex Japan
|
-2.9
|
-2.8
|
7.9
|
7.4
|
0.7
|
5.7
|
4.6
|
n/a1
|
|
|
1 There is
no since inception figure for the MSCI All Country Asia ex Japan
Index because the inception date of the index is January 1,
2001.
|
On November 30, 2016, the Fund's
net assets amounted to US$38.3
million and the Fund's NAV per share was US$11.03.
As of November 30, 2016, the
portfolio was invested as follows:
|
Portfolio
Composition
|
Percent of Net
Assets
|
|
Financials
|
32.2
|
|
Information
Technology
|
14.7
|
|
Real
Estate
|
11.8
|
|
Industrials
|
10.4
|
|
Telecommunications
|
9.3
|
|
Consumer
Staples
|
7.7
|
|
Materials
|
6.3
|
|
Consumer
Discretionary
|
3.5
|
|
Energy
|
2.0
|
|
Cash
|
2.1
|
|
|
Portfolio
Composition
|
Geographic
Exposure %
|
|
Hong Kong
|
22.6
|
|
Singapore
|
20.8
|
|
India
|
15.3
|
|
South
Korea
|
9.9
|
|
China
|
7.2
|
|
Taiwan
|
6.8
|
|
Philippines
|
4.0
|
|
Indonesia
|
3.6
|
|
Malaysia
|
3.0
|
|
Thailand
|
3.0
|
|
United
Kingdom
|
2.4
|
|
United
States
|
1.5
|
The Fund's ten largest equity holdings as of November 30, 2016, representing 42.7% of net
assets, were:
|
Stock
|
Percent
of
Net
Assets
|
|
Samsung
Electronics
|
6.2
|
|
Jardine
Strategic
|
5.4
|
|
Oversea-Chinese
Banking Corporation
|
4.6
|
|
Swire
Pacific
|
4.4
|
|
Taiwan
Semiconductor
|
4.3
|
|
Housing Development
Finance Corporation
|
4.0
|
|
AIA Group
|
3.7
|
|
Singapore
Telecom
|
3.5
|
|
China
Mobile
|
3.4
|
|
City
Developments
|
3.3
|
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 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 November 29, 1993.
If you wish to receive this information electronically, please
contact: InvestorRelations@aberdeen-asset.com
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visit:http://www.prnewswire.com/news-releases/the-asia-tigers-fund-inc-announces-performance-data-and-portfolio-composition-300382683.html
SOURCE The Asia Tigers Fund, Inc.