PHILADELPHIA, July 30, 2018 /PRNewswire/ -- Aberdeen
Emerging Markets Equity Income Fund, Inc.1 (the "Fund") (NYSE
American: AEF), a closed-end equity fund, announced today its
performance data and portfolio composition as of June 30, 2018.
The Fund's total returns for various periods through
June 30, 2018 are provided
below. (All figures are based on distributions reinvested at
the dividend reinvestment price and are stated
net-of-fees):
|
Cumulative as of
06/30/18
|
Annualized as of
06/30/18
|
|
1
Month
|
3
Month
|
YTD
|
1
Year
|
3
Years
|
5
Years
|
10
Years
|
Since
Inception
|
NAV
|
-1.8
|
-7.6
|
-6.0
|
6.3
|
7.9
|
-0.2
|
0.3
|
9.2
|
Market
Price
|
-8.2
|
-12.9
|
-10.7
|
4.6
|
6.4
|
-1.1
|
0.0
|
8.6
|
MSCI Emerging
Markets²
|
-4.1
|
-7.9
|
-6.5
|
8.6
|
6.0
|
5.4
|
2.6
|
8.0
|
MSCI Emerging Markets
Latin America³
|
-3.0
|
-17.7
|
-11.0
|
0.2
|
2.3
|
-2.1
|
-3.4
|
9.3
|
Custom AEF Emerging
Markets Index4
|
-4.1
|
-7.3
|
0.3
|
12.0
|
6.2
|
0.1
|
-2.3
|
9.8
|
On June 30, 2018, the Fund's net
assets amounted to US$480.9 million
and the Fund's NAV per share was US$7.95.
As of June 30, 2018, the portfolio
was invested as follows:
Portfolio
Composition
|
Percent of
Net Assets
|
Financials
|
26.8
|
Information
Technology
|
21.2
|
Telecommunications
|
12.0
|
Materials
|
9.9
|
Consumer
Staples
|
9.6
|
Real
Estate
|
6.3
|
Consumer
Discretionary
|
6.2
|
Industrials
|
2.9
|
Energy
|
2.6
|
Utilities
|
2.2
|
Health
Care
|
0.2
|
Country
|
Geographic
Exposure %
|
China
|
17.0
|
India
|
11.3
|
Brazil
|
8.7
|
South
Africa
|
7.3
|
Hong Kong
|
7.0
|
Thailand
|
6.3
|
South
Korea
|
5.8
|
Taiwan
|
5.6
|
United
States
|
5.3
|
Mexico
|
5.1
|
Indonesia
|
3.4
|
Russia
|
3.2
|
Turkey
|
2.9
|
Chile
|
2.6
|
Poland
|
2.5
|
Kenya
|
1.8
|
Czech
Republic
|
1.7
|
Romania
|
1.1
|
United
Kingdom
|
1.1
|
Malaysia
|
0.1
|
Israel
|
0.1
|
The Fund's ten largest equity holdings as of June 30, 2018, representing 29.2% of net assets,
were:
Stock
|
Percent
of
Net
Assets
|
Tencent Holdings
Ltd.
|
6.1
|
Taiwan
Semiconductor
|
3.7
|
Samsung
Electronics
|
3.5
|
China
Mobile
|
2.9
|
China Resources
Enterprise
|
2.4
|
Saic Motor
Corp.
|
2.3
|
Firstrand
Ltd.
|
2.2
|
Taiwan
Mobile
|
2.1
|
Housing Development
Finance Corporation
|
2.0
|
ITC Ltd.
|
2.0
|
Important Information
Aberdeen Asset Management Inc. has prepared this report based on
information sources believed to be accurate and reliable. All
reasonable care has been taken to ensure accuracy. However, the
figures are unaudited and neither the Fund, 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 is a subsidiary of
Aberdeen Asset Management PLC ("Aberdeen PLC").
Aberdeen Standard Investments is a brand of the investment
businesses of Aberdeen Asset Management and Standard Life
Investments. In the United States,
Aberdeen Standard Investments is the marketing name for the
following affiliated, registered investment advisers: Aberdeen
Asset Management Inc., Aberdeen Asset Managers Ltd., Aberdeen Asset
Management Ltd., Aberdeen Asset Management Asia Ltd., Aberdeen
Asset Capital Management, LLC, Standard Life Investments (Corporate
Funds) Ltd., and Standard Life Investments (USA) Ltd.
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.
Past performance is no guarantee of future results.
Investment returns and principle value will fluctuate and shares,
when sold, may be worth more or less than original cost. Current
performance may be lower or higher than the performance quoted. NAV
return data includes investment management fees, custodial charges
and administrative fees (such as Director and legal fees) and
assumes the reinvestment of all distributions. Returns for periods
less than one year are not annualized. 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 October 30,
1991.
If you wish to receive this information
electronically, please contact:
Investor.Relations@aberdeenstandard.com
1 Prior to April 30,
2018, the Fund was named Aberdeen Chile Fund, Inc. (the
"Acquiring Fund"). Seven closed-end equity funds managed by
Aberdeen entities reorganized into the Acquiring Fund on
April 30, 2018. Aberdeen Latin
America Equity Fund, Inc. is the performance and accounting
survivor for the Fund. Performance information for periods prior to
April 30, 2018 will not reflect the
current investment strategy.
² Effective April 30, 2018, the
MSCI Emerging Markets Index became the Fund's benchmark index in
connection with the change to the Fund's investment objective and
strategy.
³ For the MSCI Emerging Markets Latin America Index benchmark,
the returns provided for since inception are based on month-end
level valuations as of October 31,
1991.
4 The Custom Index reflects the returns of the MSCI
Emerging Markets Latin America Index for periods prior to
April 27, 2018 and the returns of the
MSCI Emerging Markets Index for periods subsequent to April 30, 2018. The indices and time periods for
the Custom Index align with the strategies utilized and benchmark
for the Fund during the same time periods.
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SOURCE Aberdeen Emerging Markets Equity Income Fund, Inc.