PHILADELPHIA, Dec. 22, 2017 /PRNewswire/ -- Aberdeen
Emerging Markets Smaller Company Opportunities Fund,
Inc.1 (the "Fund") (NYSE American: ABE2),
a closed-end equity fund, announced today its performance data and
portfolio composition as of November 30,
2017.
The Fund's total returns for various periods through
November 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
11/30/17
|
Annualized as of
11/30/17
|
|
1
Month
|
3
Month
|
YTD
|
1
Year
|
3
Years
|
5
Years
|
10
Years
|
Since
Inception
|
|
NAV
|
-1.3
|
-1.8
|
19.7
|
17.9
|
1.3
|
0.6
|
-0.7
|
6.6
|
|
Market
Price
|
-1.9
|
-0.1
|
26.9
|
25.8
|
0.8
|
1.2
|
-0.7
|
6.1
|
|
MSCI Emerging
Markets
Small Cap
|
1.8
|
5.4
|
29.4
|
29.2
|
6.4
|
5.9
|
2.8
|
n/a³
|
On November 30, 2017, the Fund's
net assets amounted to US$147.5
million and the Fund's NAV per share was US$15.56.
As of November 30, 2017, the
portfolio was invested as follows:
|
Portfolio
Composition
|
Percent
of
Net Assets
|
|
Industrials
|
17.7
|
|
Consumer
Staples
|
16.9
|
|
Consumer
Discretionary
|
15.6
|
|
Materials
|
11.6
|
|
Information
Technology
|
10.1
|
|
Real
Estate
|
9.5
|
|
Financials
|
9.1
|
|
Health
Care
|
8.0
|
|
Energy
|
1.3
|
|
Cash
|
0.1
|
|
Portfolio
Composition
|
Geographic
Exposure %
|
|
India
|
15.9
|
|
Brazil
|
9.9
|
|
Indonesia
|
7.8
|
|
Turkey
|
6.4
|
|
Thailand
|
6.0
|
|
South
Africa
|
5.7
|
|
China
|
5.0
|
|
Malaysia
|
4.7
|
|
Philippines
|
4.3
|
|
United
States
|
4.2
|
|
South
Korea
|
3.4
|
|
Chile
|
3.0
|
|
Mexico
|
3.0
|
|
Hong Kong
|
2.9
|
|
Netherlands
|
2.8
|
|
Poland
|
1.9
|
|
Sri Lanka
|
1.8
|
|
Nigeria
|
1.8
|
|
Romania
|
1.8
|
|
Taiwan
|
1.8
|
|
Egypt
|
1.2
|
|
Kenya
|
1.1
|
|
Russia
|
1.0
|
|
Pakistan
|
0.9
|
|
United
Kingdom
|
0.7
|
|
Peru
|
0.6
|
|
Israel
|
0.3
|
|
Luxembourg
|
0.1
|
The Fund's ten largest equity holdings as of November 30, 2017, representing 28.4% of net
assets, were:
|
Stock
|
Percent
of
Net
Assets
|
|
Godrej Consumer
Products
|
3.6
|
|
Parque
Arauco
|
3.0
|
|
Grupo Aeroportuario
del Centro Norte
|
3.0
|
|
Jollibee
Foods
|
3.0
|
|
Pacific Basin
Shipping
|
2.9
|
|
ASM
International
|
2.8
|
|
ACE Hardware
Indonesia
|
2.7
|
|
Ramco Cements
Ltd.
|
2.5
|
|
Container Corp of
India Ltd.
|
2.5
|
|
Piramal
Enterprises
|
2.4
|
Important Information
Aberdeen Asset Management Inc.
(the "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 Managers 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.
The Investment Adviser and the Administrator are each a
subsidiary of Aberdeen Asset Management PLC ("Aberdeen PLC").
The merger of Standard Life plc and Aberdeen PLC, announced on
March 6, 2017 ("Merger"), closed on
August 14, 2017. Aberdeen PLC
became a direct subsidiary of Standard Life plc as a result of the
Merger and the combined company changed its name to Standard Life
Aberdeen plc. Shareholders of the Fund are not required to take any
action as a result of the Merger. Following the Merger, the Fund's
Investment Adviser and Administrator are each an indirect
subsidiary of Standard Life Aberdeen plc, but otherwise did not
change. The investment advisory and administration agreements for
the Fund, the services provided under the agreements, and the fees
charged for services did not change as a result of the Merger. The
portfolio management team for the Fund did not 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 June 17, 1992.
If you wish to receive this information electronically, please
contact: InvestorRelations@aberdeen-asset.com
1 The Fund changed its name, benchmark,
investment objective and strategy effective March 15, 2013. Performance information for
periods prior to March 15, 2013 does
not reflect the current investment strategy. The MSCI Emerging
Markets Small Cap Index is the Fund's benchmark. Please refer to
the Fund's January 14, 2013 proxy
statement at aberdeenABE.com for additional information.
2 The Fund's ticker symbol changed from ETF to
ABE at market close on July 31,
2015.
3 There is no since inception figure for the
MSCI EM Small Cap Index because the inception date of the Index is
June 1, 2007. The inception date of
the Fund is June 17, 1992.
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SOURCE Aberdeen Emerging Markets Smaller Company Opportunities
Fund, Inc.