Aberdeen Australia Equity Fund, Inc. Announces Performance Data and Portfolio Composition

Jan 05, 2010, 14:35 ET from Aberdeen Australia Equity Fund, Inc.

PHILADELPHIA, Jan. 5 /PRNewswire-FirstCall/ -- Aberdeen Australia Equity Fund, Inc. (the "Fund") (Amex: IAF), a closed-end equity fund, announced today its performance data and portfolio composition as of November 30, 2009.

The Fund's total returns for various periods through November 30, 2009 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       665.5          8.9         733.8              9.3
    (December 1985)
    10-years              223.8         12.5         323.9             15.5
    5-years                77.4         12.2          93.6             14.1
    3-years                25.6          7.9          26.3              8.1
    1-year                        74.5                          110.1


The Fund's returns, which are denominated in U.S. dollars, are affected by the performance of the U.S. dollar against the Australian dollar.

On November 30, 2009, the Fund's net assets amounted to US$222.3 million and the Fund's NAV per share was $11.55.

As of November 30, 2009, the portfolio was invested as follows:



    Portfolio Composition                                 Percent of
                                                          Net Assets
    Consumer Discretionary                                     6.0
    Consumer Staples                                          10.0
    Energy                                                     4.1
    Finance                                                   30.5
    HealthCare                                                 3.5
    Industrials                                                3.9
    Information Technology                                     1.8
    Materials                                                 23.7
    Other                                                      4.0
    Property                                                   3.8
    Telecommunications                                         3.6
    Utilities                                                  5.1


The Fund's ten largest equity holdings as of November 30, 2009, representing 64.9% of total assets, were:



    Stock                                                 Percent of
                                                         Total Assets
    BHP Billiton Limited                                      13.8
    QBE Insurance Group Limited                                7.6
    Rio Tinto Limited                                          7.5
    Westpac Banking Corporation Limited                        7.2
    Woolworths Limited                                         5.7
    Commonwealth Bank of Australia Limited                     5.5
    Australia & New Zealand Banking Group
     Limited                                                   5.2
    ASX Limited                                                4.2
    Woodside Petroleum Limited                                 4.2
    Westfield Group Limited                                    4.0


Important Information

Aberdeen Asset Management Inc., the Fund's Administrator, has prepared this report based on information sources believed to be accurate and reliable. However, the figures are unaudited and neither the Fund, the Administrator, Aberdeen Asset Management Asia Limited (the Investment Manager), Aberdeen Asset Management Limited (the Investment Adviser), 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.

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 December 12, 1985.

If you wish to receive this information electronically, please contact: InvestorRelations@aberdeen-asset.com

SOURCE Aberdeen Australia Equity Fund, Inc.