PHILADELPHIA, Sept. 24, 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 August 31, 2018.
The Fund's total returns for various periods through
August 31, 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
08/31/18
|
Annualized as of
08/31/18
|
|
1
Month
|
3
Month
|
YTD
|
1
Year
|
3
Years
|
5
Years
|
10
Years
|
Since
Inception
|
NAV
|
-3.6
|
-1.5
|
-5.7
|
-6.1
|
14.1
|
0.7
|
2.0
|
9.2
|
Market
Price
|
-3.9
|
-9.4
|
-11.9
|
-10.6
|
12.8
|
-0.2
|
1.4
|
8.5
|
MSCI Emerging
Markets²
|
-2.7
|
-4.5
|
-6.9
|
-0.3
|
11.8
|
5.4
|
-3.8
|
7.9
|
MSCI Emerging
Markets
Latin America³
|
-8.3
|
-2.9
|
-10.9
|
-11.5
|
9.4
|
-1.2
|
-1.7
|
9.3
|
Custom AEF
Emerging
Markets Index4
|
-2.7
|
-4.5
|
-0.2
|
-0.9
|
13.6
|
1.0
|
-0.6
|
6.7
|
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.
|
On August 31, 2018, the Fund's net
assets amounted to US$478.5 million
and the Fund's NAV per share was US$7.98.
As of August 31, 2018, the
portfolio was invested as follows:
Portfolio
Composition
|
Percent of
Net Assets
|
Financials
|
25.8
|
Information
Technology
|
20.8
|
Telecommunications
|
11.7
|
Consumer
Staples
|
10.6
|
Materials
|
9.2
|
Real
Estate
|
6.2
|
Consumer
Discretionary
|
6.1
|
Industrials
|
4.2
|
Energy
|
2.4
|
Utilities
|
1.7
|
Health
Care
|
0.1
|
Cash
|
1.2
|
Country
|
Geographic
Exposure %
|
China
|
16.5
|
India
|
11.7
|
Brazil
|
10.3
|
South
Africa
|
7.5
|
South
Korea
|
6.9
|
Hong Kong
|
6.8
|
Thailand
|
6.5
|
Taiwan
|
6.3
|
Mexico
|
6.0
|
Russia
|
3.9
|
Indonesia
|
3.9
|
Poland
|
2.7
|
Chile
|
2.6
|
Kenya
|
2.0
|
Czech
Republic
|
1.7
|
Romania
|
1.3
|
Turkey
|
1.2
|
United
Kingdom
|
1.1
|
Malaysia
|
1.0
|
United
States
|
0.2
|
Israel
|
0.1
|
The Fund's ten largest equity holdings as of August 31, 2018, representing 32.4% of net
assets, were:
Stock
|
Percent
of
Net
Assets
|
Tencent Holdings
Ltd.
|
5.3
|
Samsung
Electronics
|
5.3
|
Taiwan
Semiconductor
|
4.2
|
China
Mobile
|
3.2
|
Itausa Investimentos
Itau SA
|
2.9
|
China Resources
Enterprise
|
2.5
|
Firstrand
Ltd.
|
2.3
|
ITC Ltd.
|
2.3
|
Aeroportuario del
Centro Norte pls
|
2.3
|
Grupo Financiero
Banorte
|
2.2
|
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
Standard Investments Australia Limited (formerly known as Aberdeen
Asset Management Ltd.), Aberdeen Standard Investments (Asia) Limited (formerly known as 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
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SOURCE Aberdeen Emerging Markets Equity Income Fund, Inc.