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

PHILADELPHIA, June 22, 2017 /PRNewswire/ -- The Asia Tigers Fund, Inc. (the "Fund") (GRR), a closed-end equity fund, announced today its performance data and portfolio composition as of May 31, 2017.

Aberdeen Asset Management Inc. At Aberdeen, asset management is our business. We only manage assets for clients, allowing us to focus solely on their needs and deliver independent, objective investment advice. We know global markets from the local level upwards, drawing on more than 1,900 staff, across 32 offices in 23 countries. Investment teams are based in the markets or regions where they invest, delivering local perspective in a global investment environment. (PRNewsFoto/Aberdeen Asset Management Inc.)

The Fund's total returns for various periods through May 31, 2017 are provided below.  (All figures are based on distributions reinvested at the dividend reinvestment price and are stated net-of-fees): 


Cumulative as of
05/31/17

Annualized as of 05/31/17


1
Month

3
Month

YTD

1
Year

3
Years

5
Years

10
Years

Since
Inception

NAV

2.9

9.2

19.8

22.1

1.9

5.4

2.2

3.8

Market Price

4.3

19.2

32.0

34.4

3.4

5.4

2.6

3.2

MSCI All Country
Asia ex Japan

4.4

10.1

20.9

28.5

5.6

8.6

4.8

n/a¹

 

On May 31, 2017, the Fund's net assets amounted to US$45.2 million and the Fund's NAV per share was US$13.03.

As of May 31, 2017, the portfolio was invested as follows:

Portfolio Composition

Percent of Net Assets

Financials

31.0

Information Technology

14.4

Real Estate

11.9

Industrials

11.1

Consumer Staples

8.6

Telecommunications

8.4

Materials

6.7

Consumer Discretionary                    

4.0

Energy

1.6

Health Care

0.4

Cash

1.8

 

 

Portfolio Composition                    

Geographic Exposure %

Hong Kong

20.9

Singapore

18.0

India

17.0

South Korea

10.1

China

9.6

Taiwan

6.0

Philippines

4.6

Indonesia

4.2

Thailand

3.2

Malaysia

2.9

United Kingdom

2.2

United States

1.3

 

The Fund's ten largest equity holdings as of May 31, 2017, representing 41.0% of net assets, were:

Stock

Percent of

Net Assets

Jardine Strategic

5.8

Samsung Electronics

5.6

Housing Development Finance Corporation               

4.5

Taiwan Semiconductor

4.3

Oversea-Chinese Banking Corporation

4.1

Swire Pacific

3.7

Singapore Telecom

3.4

China Mobile

3.3

AIA Group

3.2

City Developments

3.1

 

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. The Investment Manager and Aberdeen Asset Management Inc. are each a wholly owned subsidiary of Aberdeen Asset Management PLC.  Aberdeen Asset Management PLC announced on March 6, 2017 that it entered into an agreement with Standard Life plc to carry out an all-share merger, subject to regulatory and other approvals.  More information about the potential merger can be found on Aberdeen's website at www.aberdeen-asset.com. 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. 

 

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