PHILADELPHIA, Jan. 26, 2017 /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 December 31, 2016.
The Fund's total returns for various periods through
December 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
12/31/16
|
Annualized as of
12/31/16
|
|
1
Month
|
3
Month
|
YTD
|
1
Year
|
3
Years
|
5
Years
|
10
Years
|
Since
Inception
|
NAV
|
-1.4
|
-7.2
|
4.1
|
4.1
|
-2.1
|
2.1
|
2.1
|
3.1
|
Market
Price
|
-1.5
|
-8.9
|
2.7
|
2.7
|
-4.2
|
0.4
|
0.4
|
2.0
|
MSCI All Country
Asia ex Japan
|
-2.0
|
-6.2
|
5.8
|
5.8
|
0.4
|
5.1
|
4.0
|
n/a1
|
On December 31, 2016, the Fund's
net assets amounted to US$37.7
million and the Fund's NAV per share was US$10.88.
As of December 31, 2016, the
portfolio was invested as follows:
Portfolio
Composition
|
Percent of Net
Assets
|
Financials
|
31.8
|
Information
Technology
|
14.2
|
Real
Estate
|
11.7
|
Industrials
|
10.5
|
Telecommunications
|
9.3
|
Consumer
Staples
|
7.9
|
Materials
|
6.1
|
Consumer
Discretionary
|
3.5
|
Energy
|
2.2
|
Cash
|
2.8
|
Portfolio
Composition
|
Geographic
Exposure %
|
Hong Kong
|
22.3
|
Singapore
|
19.5
|
India
|
15.5
|
South
Korea
|
9.4
|
China
|
7.4
|
Taiwan
|
6.7
|
Philippines
|
4.5
|
Indonesia
|
4.4
|
Thailand
|
3.1
|
Malaysia
|
3.0
|
United
Kingdom
|
2.3
|
United
States
|
1.9
|
The Fund's ten largest equity holdings as of December 31, 2016, representing 41.7% of net
assets, were:
Stock
|
Percent
of
Net
Assets
|
Samsung
Electronics
|
5.7
|
Jardine
Strategic
|
5.5
|
Swire
Pacific
|
4.4
|
Taiwan
Semiconductor
|
4.2
|
Oversea-Chinese
Banking Corporation
|
4.1
|
Housing Development
Finance Corporation
|
4.1
|
China
Mobile
|
3.5
|
AIA Group
|
3.4
|
Singapore
Telecom
|
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
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.
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visit:http://www.prnewswire.com/news-releases/the-asia-tigers-fund-inc-announces-performance-data-and-portfolio-composition-300397602.html
SOURCE The Asia Tigers Fund, Inc.