PR Newswire: news distribution, targeting and monitoring
2014
See more news releases in Banking & Financial Services  | Mutual Funds

The Asia Tigers Fund, Inc. Announces Performance Data And Portfolio Composition

Share with Twitter Share with LinkedIn

PHILADELPHIA, Dec. 5, 2012 /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 October 31, 2012.

(Logo:  http://photos.prnewswire.com/prnh/20121106/NE07292LOGO)

The Fund's total returns for various periods through October 31, 2012 are provided below.  (All figures are based on distributions reinvested at the dividend reinvestment price and are stated net-of-fees):    

Period

NAV Total Return %

Market Price Total Return %


Cumulative

Annualized

Cumulative

Annualized

Since inception

(November 1993)

112.1

4.1

80.1

3.2

10-years

259.3

13.6

270.1

14.0

5-years

-23.5

-5.2

-24.2

-5.4

3-years

17.8

5.6

13.9

4.4

1-year

7.0

5.9

On October 31, 2012, the Fund's net assets amounted to US$54.6 million and the Fund's NAV per share was $15.28.

As of October 31, 2012, the portfolio was invested as follows:

Portfolio Composition

Percent of
Net Assets

Financials

41.7

Technology

15.2

Industrials

12.8

Communications

9.3

Energy

6.0

Consumer, Non-Cyclical

5.8

Basic Materials

5.1

Consumer, Cyclical

3.2

Health Care

0.9

The Fund's ten largest equity holdings as of October 31, 2012, representing 42.6% of net assets, were:

Stock

Percent of
Net Assets

Oversea-Chinese Banking Corporation, Ltd.

5.8

Jardine Strategic Holdings, Ltd.

5.3

Taiwan Semiconductor Manufacturing Company, Ltd.

5.0

Swire Pacific, Ltd.

4.3

Housing Development Finance Corporation, Ltd.

4.2

China Mobile, Ltd.

3.9

Singapore Technologies Engineering, Ltd.

3.7

Standard Chartered PLC

3.7

HSBC Holdings

3.4

City Developments, Ltd.

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. Past performance does not guarantee future results.

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

SOURCE The Asia Tigers Fund, Inc.



RELATED LINKS
http://www.aberdeengrr.com

Featured Video

Journalists and Bloggers

Visit PR Newswire for Journalists for releases, photos, ProfNet experts, and customized feeds just for Media.

View and download archived video content distributed by MultiVu on The Digital Center.

Share with Twitter Share with LinkedIn
 

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

 

 
 

PR Newswire Membership

Fill out a PR Newswire membership form or contact us at (888) 776-0942.

 
 

Learn about PR Newswire services

Request more information about PR Newswire products and services or call us at (888) 776-0942.

 

Online Member Center

Not a Member?
Click Here to Join
Login
Search News Releases
Advanced Search
Search
  1. PR Newswire Services
  2. Knowledge Center
  3. Browse News Releases
  4. Contact PR Newswire
  5. Send a News Release