Aberdeen Singapore Fund, Inc. Announces Performance Data And Portfolio Composition

July 24, 2017 16:05

PHILADELPHIA, July 24, 2017 /PRNewswire/ -- Aberdeen Singapore Fund, Inc. (the "Fund") (NYSE: SGF), a closed-end equity fund, announced today its performance data and portfolio composition as of June 30, 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 June 30, 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 06/30/17

Annualized as of 06/30/17


1 Month

3 Month

YTD

1 Year

3 Years

5 Years

10 Years

Since
Inception

NAV

0.8

4.6

21.2

16.8

0.1

4.2

1.7

5.1

Market
Price

-0.6

2.2

27.5

22.4

-0.6

3.6

1.8

4.3

MSCI
Singapore

1.2

5.3

19.5

15.0

-0.6

3.6

2.9

6.2

On June 30, 2017, the Fund's net assets amounted to US$93.7 million and the Fund's NAV per share was US$12.63.

As of June 30, 2017, the portfolio was invested as follows:

Portfolio Composition

Percent of 
Net Assets

Financials

29.9

Real Estate

23.8

Industrials

22.9

Telecommunications

7.2

Health Care

4.5

Information Technology

4.3

Consumer Discretionary

4.0

Consumer Staples

1.3

Materials

0.3

Cash

1.9

The Fund's ten largest equity holdings as of June 30, 2017, representing 62.4% of net assets, were:

Stock

Percent of

Net Assets

Oversea-Chinese Banking Corporation

11.3

DBS Group Holdings

8.7

Singapore Telecom

7.2

City Developments

7.0

United Overseas Bank

6.9

Jardine Matheson

5.7

Keppel Corporation

4.7

Venture Corporation

3.8

Raffles Medical Group

3.6

Singapore Technologies Engineering

3.4

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 Management Inc. (the Administrator), 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 Asset Management Asia Limited (the "Investment Manager") and Aberdeen Asset Management Inc. (the "Administrator") are each a subsidiary of Aberdeen Asset Management PLC ("Aberdeen PLC").  On March 6, 2017, the Boards of Standard Life plc and Aberdeen PLC announced that they had reached an agreement on the terms of a merger ("Merger"). The Boards of each of Standard Life plc and Aberdeen PLC believe that the Merger has a compelling strategic and financial rationale through combining complementary strengths to create a world-class investment group. The Merger is expected to occur in the third quarter of 2017, subject to various conditions and terms, including regulatory approvals. The portfolio management team for the Fund is not expected to change as a result of the Merger.  In addition, the agreements that the Fund has with Aberdeen PLC's subsidiary companies, the services provided by such companies, and the fees charged for those services are not expected to change as a result of the Merger.

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 July 31, 1990. 

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

 

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SOURCE Aberdeen Singapore Fund, Inc.

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