PHILADELPHIA, May 24, 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 April 30, 2019.
The Fund's total returns for various periods through
April 30, 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
04/30/19
|
Annualized as of
04/30/19
|
|
1 Month
|
3 Month
|
YTD
|
1 Year
|
3 Years
|
5 Years
|
10 Years
|
Since
Inception
|
NAV
|
2.1
|
3.4
|
12.8
|
-0.1
|
10.9
|
0.7
|
7.4
|
9.2
|
Market
Price
|
2.8
|
5.2
|
18.3
|
-2.9
|
11.6
|
0.5
|
7.1
|
8.7
|
MSCI Emerging
Markets²
|
2.1
|
3.2
|
12.3
|
-4.7
|
11.7
|
4.4
|
7.9
|
7.9
|
MSCI Emerging Markets
Latin America³
|
0.5
|
-5.7
|
8.4
|
-4.8
|
9.5
|
-0.4
|
3.9
|
9.6
|
Custom AEF Emerging
Markets Index4
|
2.1
|
3.2
|
12.3
|
-4.7
|
10.1
|
-0.1
|
4.1
|
9.6
|
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 April 30, 2019, the Fund's net
assets amounted to US$542.6 million
and the Fund's NAV per share was US$8.27.
As of April 30, 2019, the
portfolio was invested as follows:
Portfolio
Composition
|
Percent
of
Net Assets
|
Financials
|
25.0
|
Communication
Services
|
17.6
|
Information
Technology
|
16.1
|
Consumer
Staples
|
10.6
|
Materials
|
7.9
|
Real
Estate
|
6.6
|
Consumer
Discretionary
|
6.5
|
Industrials
|
3.7
|
Energy
|
3.4
|
Utilities
|
1.8
|
Cash
|
0.8
|
Country
|
Geographic
Exposure %
|
China
|
18.0
|
India
|
11.2
|
Brazil
|
8.8
|
Hong Kong
|
8.5
|
Taiwan
|
7.7
|
South
Korea
|
6.3
|
Thailand
|
5.9
|
South
Africa
|
5.2
|
Mexico
|
5.1
|
Russia
|
4.6
|
Indonesia
|
3.6
|
Poland
|
2.6
|
Chile
|
2.4
|
United
Kingdom
|
2.2
|
Kenya
|
1.8
|
Czech
Republic
|
1.5
|
Romania
|
1.1
|
Turkey
|
1.1
|
Malaysia
|
1.0
|
Argentina
|
0.9
|
United
States
|
0.2
|
Israel
|
0.1
|
The Fund's ten largest equity holdings as of April 30, 2019, representing 32.0% of net assets,
were:
Stock
|
Percent
of
Net
Assets
|
Tencent Holdings
Ltd.
|
6.1
|
Samsung
Electronics
|
4.6
|
Taiwan
Semiconductor
|
4.3
|
China
Mobile
|
2.8
|
China Resources
Land
|
2.8
|
Investimentos
ITAU
|
2.5
|
ITC Ltd.
|
2.4
|
Ping An Insurance
Group
|
2.2
|
Taiwan
Mobile
|
2.1
|
Infosys
|
2.1
|
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
View original content to download
multimedia:http://www.prnewswire.com/news-releases/aberdeen-emerging-markets-equity-income-fund-inc1-announces-performance-data-and-portfolio-composition-300856730.html
SOURCE Aberdeen Emerging Markets Equity Income Fund, Inc.