PHILADELPHIA, June 20, 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 May 31, 2016.
The Fund's total returns for various periods through May 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 05/31/16 | Annualized as of 05/31/16 |
| 1
Month | 3
Month | YTD | 1
Year | 3
Years | 5
Years | 10
Years | Since
Inception |
| NAV | -0.2 | 10.8 | 2.1 | -15.5 | -4.1 | -3.3 | 4.0 | 3.1 |
| Market Price | -1.1 | 10.7 | 0.9 | -19.1 | -6.3 | -5.0 | 2.2 | 2.0 |
| MSCI All Country
Asia ex Japan | -1.3 | 8.8 | -0.4 | -17.2 | -0.5 | -0.7 | 5.6 | n/a¹ |
On May 31, 2016, the Fund's net assets amounted to US$37.8 million and the Fund's NAV per share was US$10.84.
As of May 31, 2016, the portfolio was invested as follows:
| Portfolio Composition | Percent of
Net Assets |
| Financials | 45.2 |
| Information Technology | 12.7 |
| Industrials | 10.4 |
| Telecommunications | 9.8 |
| Consumer Staples | 7.6 |
| Materials | 6.4 |
| Consumer Discretionary | 3.0 |
| Energy | 2.0 |
| Cash | 2.9 |
| Portfolio Composition | Geographic Exposure % |
| Hong Kong | 24.1 |
| Singapore | 20.5 |
| India | 16.0 |
| South Korea | 7.3 |
| China | 7.2 |
| Taiwan | 6.9 |
| Philippines | 4.8 |
| Thailand | 3.2 |
| Malaysia | 3.0 |
| Indonesia | 2.6 |
| United Kingdom | 2.4 |
| United States | 2.1 |
The Fund's ten largest equity holdings as of May 31, 2016, representing 43.5% of net assets, were:
| Stock | Percent of Net Assets |
| Samsung Electronics | 5.3 |
| Jardine Strategic | 5.1 |
| Swire Pacific | 5.1 |
| Oversea-Chinese Banking Corporation | 4.5 |
| Housing Development Finance Corporation | 4.3 |
| Taiwan Semiconductor | 4.2 |
| AIA Group | 4.1 |
| HSBC Holdings | 4.0 |
| Singapore Telecom | 3.7 |
| City Developments | 3.4 |
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.
Logo - http://photos.prnewswire.com/prnh/20121106/NE07292LOGO
SOURCE The Asia Tigers Fund, Inc.
CONTACT: Aberdeen Asset Management Inc., Investor Relations, 800-522-5465, InvestorRelations@aberdeen-asset.com
No comments:
Post a Comment