PHILADELPHIA, July 24, 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 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
|
Since
Inception
|
NAV
|
0.5
|
5.3
|
20.3
|
18.2
|
1.8
|
4.5
|
1.7
|
3.8
|
Market
Price
|
-1.7
|
4.4
|
29.8
|
26.2
|
2.1
|
4.6
|
1.5
|
3.1
|
MSCI All Country
Asia ex Japan
|
1.7
|
8.4
|
22.9
|
27.1
|
5.3
|
8.3
|
4.5
|
n/a¹
|
On June 30, 2017, the Fund's net
assets amounted to US$45.4 million
and the Fund's NAV per share was US$13.09.
As of June 30, 2017, the portfolio
was invested as follows:
Portfolio
Composition
|
Percent of Net
Assets
|
Financials
|
31.7
|
Information
Technology
|
13.8
|
Real
Estate
|
11.7
|
Industrials
|
10.9
|
Telecommunications
|
8.4
|
Consumer
Staples
|
8.1
|
Materials
|
6.5
|
Consumer
Discretionary
|
4.0
|
Energy
|
1.5
|
Health
Care
|
0.4
|
Cash
|
2.9
|
Portfolio
Composition
|
Geographic
Exposure %
|
Hong Kong
|
20.9
|
Singapore
|
18.2
|
India
|
16.9
|
South
Korea
|
9.7
|
China
|
9.4
|
Taiwan
|
5.9
|
Philippines
|
4.5
|
Indonesia
|
4.4
|
Thailand
|
3.1
|
Malaysia
|
2.7
|
United
Kingdom
|
2.3
|
United
States
|
2.1
|
The Fund's ten largest equity holdings as of June 30, 2017, representing 40.9% of net assets,
were:
Stock
|
Percent
of
Net
Assets
|
Jardine
Strategic
|
5.7
|
Samsung
Electronics
|
5.6
|
Housing Development
Finance Corporation
|
4.6
|
Oversea-Chinese
Banking Corporation
|
4.2
|
Taiwan
Semiconductor
|
4.1
|
Swire
Pacific
|
3.6
|
Singapore
Telecom
|
3.5
|
AIA Group
|
3.3
|
City
Developments
|
3.2
|
China
Mobile
|
3.2
|
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 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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SOURCE The Asia Tigers Fund, Inc.