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
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.