ABRDN AUSTRALIA EQUITY FUND INC PHILADELPHIA, Jan. 5, 2015 /PRNewswire/ -- Aberdeen Australia Equity Fund, Inc. (the "Fund") (NYSE MKT: IAF), a closed-end equity fund, announced today performance data and portfolio composition information as of November 30, 2014.
http://photos.prnewswire.com/prnvar/20121106/NE07292LOGO
The Fund's total returns for various periods through November 30, 2014 are provided below. (All figures are based on distributions reinvested at the dividend reinvestment price and are stated net-of-fees):
Cumulative as of
11/30/14 Annualized as of 11/30/14
(%) (%)
--- ---
1 Month 3 Month YTD 1 Year 3 Years 5 Years 10 Years Since
Inception
---------
NAV -5.9 -12.0 -2.3 -4.2 2.0 1.9 6.9 7.6
--- ---- ----- ---- ---- --- --- --- ---
Market
Price -7.2 -15.6 -5.6 -17.9 0.9 -0.9 6.4 7.4
------ ---- ----- ---- ----- --- ---- --- ---
S&P/ASX -6.1 -12.8 -1.3 -2.6 7.0 5.6 8.7 11.2
200
---
The Fund's returns, which are denominated in U.S. dollars, are affected by the performance of the U.S. dollar against the Australian dollar.
On November 30, 2014, the Fund's net assets amounted to US$178.4 million and the Fund's NAV per share was $7.78.
As of November 30, 2014, the portfolio was invested as follows:
Portfolio Composition Percent of
Net Assets
--- ----------
Financials 36.1
---------- ----
Materials 17.8
--------- ----
Health Care 11.3
----------- ----
Utilities 8.6
--------- ---
Consumer Staples 7.8
---------------- ---
Energy 6.0
------ ---
Telecommunications 5.5
------------------ ---
Information Technology 2.0
---------------------- ---
Consumer Discretionary 1.7
---------------------- ---
Other Assets in Excess of Liabilities 3.2
------------------------------------- ---
The Fund's ten largest equity holdings as of November 30, 2014, representing 59.5% of total assets, were:
Stock Percent of
Total Assets
--- ------------
BHP Billiton PLC 9.7
---------------- ---
Australia & New Zealand Banking Group Ltd. 6.8
------------------------------------------ ---
Commonwealth Bank of Australia 6.7
------------------------------ ---
Rio Tinto PLC 5.6
------------- ---
CSL Ltd. 5.6
-------- ---
Singapore Telecommunications Ltd. 5.5
--------------------------------- ---
AusNet Services 5.0
--------------- ---
AMP Ltd. 4.9
-------- ---
ASX Ltd. 4.9
-------- ---
Woolworths Ltd. 4.8
--------------- ---
Important Information
Aberdeen Asset Management Inc., the Fund's 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), Aberdeen Asset Management Limited (the 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.
Investors should consider a fund's investment objectives, risks, charges and expenses carefully before investing. A copy of the prospectus for Aberdeen Australia Equity Fund, Inc. that contains this and other information about the fund may be obtained by calling 866-839-5205. Please read the prospectus carefully before investing. Investing in funds involves risk, including possible loss of principal.
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 December 12, 1985.
If you wish to receive this information electronically, please contact: InvestorRelations@aberdeen-asset.com
Logo - http://photos.prnewswire.com/prnh/20121106/NE07292LOGO
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/aberdeen-australia-equity-fund-inc-announces-performance-data-and-portfolio-composition-300015810.html
SOURCE Aberdeen Australia Equity Fund, Inc.
