Aberdeen Chile Fund, Inc. Announces Performance Data and Portfolio Composition

Jul 03, 2012, 13:05 ET from Aberdeen Chile Fund, Inc.

PHILADELPHIA, July 3, 2012 /PRNewswire/ -- Aberdeen Chile Fund, Inc. (the "Fund") (NYSE MKT: CH), a closed-end equity fund, announced today its performance data and portfolio composition as of May 31, 2012.

The Fund's total returns for various periods through May 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

(September 1989)

2,052.0

14.5

1,848.1

14.0

10-years

358.7

16.4

409.6

17.7

5-years

32.6

5.8

25.9

4.7

3-years

39.2

11.7

42.3

12.5

1-year

-18.6

-23.5

 

On May 31, 2012, the Fund's net assets amounted to US$139.0 million and the Fund's NAV per share was $14.80.

 

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

Portfolio Composition

 

Percent of 

Net Assets

 Financials

20.5

 Basic Materials

19.0

 Consumer, Cyclical

15.3

 Consumer, Non-Cyclical

14.9

 Diversified

11.7

 Utilities

9.9

 Technology

4.3

 Communications

2.6

 Cash

1.8

 

The Fund's ten largest equity holdings as of May 31, 2012, representing 73.3 % of net assets, were:

Stock

 

Percent of

Net Assets

Empresas Copec S.A.

11.7

S.A.C.I. Falabella

10.5

Banco Santander Chile

9.9

Empresas CMPC S.A.

9.8

Enersis S.A.

8.2

Embotelladora Andina S.A.

4.8

Lan Airlines S.A.

4.8

Sociedad Quimica y Minera de Chile S.A. (B Shares)

4.7

Sociedad Quimica y Minera de Chile S.A. (ADR)

4.5

Banco de Chile

4.4

 

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 Managers Limited (effective March 1, 2012, 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.

Investors should consider a fund's investment objectives, risks, charges and expenses carefully before investing. A copy of the prospectus for Aberdeen Chile Fund, Inc. that contains this and other information about the fund may be obtained by calling 866-839-5205. Please read the prospectus carefully before investing. Investing in funds involves risk, including possible loss of principal.

Closed-end funds have a one-time initial public offering and then are subsequently traded on the secondary market through one of the stock exchanges. The 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 a 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 September 27, 1989. 

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

SOURCE Aberdeen Chile Fund, Inc.



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