PHILADELPHIA, Feb. 23, 2018 /PRNewswire/ -- The Asia
Tigers Fund, Inc. (the "Fund") (NYSE: GRR), a closed-end equity
fund, announced today its performance data and portfolio
composition as of January 31,
2018.
The Fund's total returns for various periods through
January 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
01/31/18
|
Annualized as of
01/31/18
|
|
1
Month
|
3
Month
|
YTD
|
1
Year
|
3
Years
|
5
Years
|
10
Years
|
Since
Inception
|
NAV
|
7.3
|
9.2
|
7.3
|
28.2
|
7.1
|
4.4
|
2.9
|
4.4
|
Market
Price
|
9.3
|
7.0
|
9.3
|
41.3
|
8.1
|
4.3
|
2.3
|
3.7
|
MSCI All Country
Asia ex Japan
|
7.6
|
11.2
|
7.6
|
43.9
|
12.8
|
9.5
|
6.4
|
n/a1
|
On January 31, 2018, the Fund's
net assets amounted to US$50.7
million and the Fund's NAV per share was US$14.63.
As of January 31, 2018, the
portfolio was invested as follows:
Portfolio
Composition
|
Percent of Net
Assets
|
Financials
|
29.7
|
Information
Technology
|
19.6
|
Real
Estate
|
11.8
|
Industrials
|
9.7
|
Materials
|
7.6
|
Consumer
Staples
|
6.4
|
Telecommunications
|
6.3
|
Consumer
Discretionary
|
3.9
|
Energy
|
1.7
|
Health
Care
|
0.7
|
Cash
|
2.6
|
Portfolio
Composition
|
Geographic
Exposure %
|
Hong Kong
|
18.9
|
China
|
18.5
|
Singapore
|
14.5
|
India
|
13.9
|
South
Korea
|
10.6
|
Taiwan
|
6.3
|
Indonesia
|
4.9
|
Philippines
|
4.4
|
Thailand
|
3.3
|
United
States
|
2.1
|
United
Kingdom
|
1.5
|
Malaysia
|
1.2
|
The Fund's ten largest equity holdings as of January 31, 2018, representing 37.8% of net
assets, were:
Stock
|
Percent
of
Net
Assets
|
Samsung
Electronics
|
6.1
|
Taiwan
Semiconductor
|
4.7
|
Jardine
Strategic
|
4.3
|
Tencent Holdings
Ltd.
|
4.0
|
Housing Development
Finance Corporation
|
3.6
|
China
Mobile
|
3.3
|
Oversea-Chinese
Banking Corporation
|
3.3
|
Swire
Pacific
|
2.9
|
AIA Group
|
2.9
|
City
Developments
|
2.8
|
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 Management Asia Limited (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 and the
Administrator are each a subsidiary of Aberdeen Asset Management
PLC ("Aberdeen PLC").
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 November 29, 1993.
If you wish to receive this information
electronically, please contact:
InvestorRelations@aberdeenstandard.com
1 There is no since inception figure for the
MSCI All Country Asia ex Japan Index because the inception date of
the index is January 1,
2001.
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SOURCE The Asia Tigers Fund, Inc.