PHILADELPHIA, March 22, 2019 /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 February 28, 2019.
The Fund's total returns for various periods through
February 28, 2019 are provided
below. (All figures are based on distributions reinvested at
the dividend reinvestment price and are stated
net-of-fees):
|
Cumulative as of
02/28/19
|
Annualized as of
02/28/19
|
|
1 Month
|
3 Month
|
YTD
|
1 Year
|
3 Years
|
5 Years
|
10 Years
|
Since
Inception
|
NAV
|
-0.2
|
6.9
|
8.8
|
-7.5
|
19.6
|
2.3
|
9.7
|
9.1
|
Market
Price
|
0.8
|
10.5
|
13.4
|
-11.5
|
20.1
|
1.8
|
9.9
|
8.6
|
MSCI Emerging
Markets²
|
0.2
|
6.2
|
9.0
|
-9.5
|
15.5
|
4.5
|
10.7
|
7.8
|
MSCI Emerging Markets
Latin America³
|
-3.7
|
9.9
|
10.7
|
-4.9
|
21.0
|
2.3
|
6.9
|
9.7
|
Custom AEF Emerging
Markets Index4
|
0.2
|
6.2
|
9.0
|
-8.1
|
18.8
|
1.6
|
6.6
|
9.3
|
On February 28, 2019, the Fund's
net assets amounted to US$479.1
million and the Fund's NAV per share was US$8.02.
As of February 28, 2019, the
portfolio was invested as follows:
Portfolio
Composition
|
Percent of
Net Assets
|
Financials
|
24.9
|
Communication
Services
|
18.0
|
Information
Technology
|
16.3
|
Consumer
Staples
|
10.2
|
Materials
|
8.7
|
Real
Estate
|
6.3
|
Consumer
Discretionary
|
5.4
|
Energy
|
3.6
|
Industrials
|
3.5
|
Utilities
|
2.0
|
Cash
|
0.9
|
Country
|
Geographic
Exposure %
|
China
|
16.6
|
India
|
10.7
|
Brazil
|
10.4
|
Hong Kong
|
8.2
|
Taiwan
|
7.7
|
South
Korea
|
6.7
|
Thailand
|
6.1
|
South
Africa
|
5.4
|
Mexico
|
4.7
|
Russia
|
4.3
|
Indonesia
|
3.7
|
Chile
|
2.7
|
Poland
|
2.6
|
United
Kingdom
|
2.3
|
Kenya
|
1.8
|
Czech
Republic
|
1.7
|
Turkey
|
1.3
|
Romania
|
1.0
|
Malaysia
|
1.0
|
Argentina
|
0.8
|
United
States
|
0.2
|
Israel
|
0.1
|
The Fund's ten largest equity holdings as of February 28, 2019, representing 31.1% of net
assets, were:
Stock
|
Percent
of
Net
Assets
|
Tencent Holdings
Ltd.
|
5.7
|
Samsung
Electronics
|
4.7
|
Taiwan
Semiconductor
|
4.3
|
China
Mobile
|
2.8
|
Investimentos
ITAU
|
2.8
|
China Resources
Land
|
2.5
|
ITC Ltd.
|
2.2
|
Taiwan
Mobile
|
2.1
|
Infosys
|
2.1
|
Lukoil
|
2.0
|
Important Information
Aberdeen Standard Investments
Inc. has prepared this report based on information sources believed
to be accurate and reliable. However, the figures are unaudited and
neither the Fund, its 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.
Aberdeen is a U.S. registered service mark of Aberdeen Asset
Management PLC.
Aberdeen Standard Investments is a brand of the investment
businesses of Standard Life Aberdeen plc, its affiliates and
subsidiaries. In the United
States, Aberdeen Standard Investments is the marketing name
for the following affiliated, registered investment advisers:
Aberdeen Standard Investments Inc., Aberdeen Asset Managers Ltd.,
Aberdeen Standard Investments Australia Ltd., Aberdeen Standard
Investments (Asia) Ltd., Aberdeen
Capital Management, LLC, Aberdeen Standard Investments ETFs
Advisors LLC and Standard Life Investments (Corporate Funds)
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
|
aberdeenaef.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.