PHILADELPHIA, Jan. 7, 2013 /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 November 30, 2012.
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The Fund's total returns for various periods through November 30, 2012 are provided below. (All figures are based on distributions reinvested at the dividend reinvestment price and are stated net-of-fees):
Period NAV Total Return % Market Price Total Return % ------ ----------------- ------------------ Cumulative Annualized Cumulative Annualized ---------- ---------- ---------- ---------- Since inception 115.9 4.1 82.2 3.2 (November 1993) --------- 10-years 246.6 13.2 262.0 13.7 -------- ----- ---- ----- ---- 5-years -14.1 -3.0 -11.1 -2.3 ------- ----- ---- ----- ---- 3-years 15.2 4.8 12.1 3.9 ------- ---- --- ---- --- 1-year 17.8 12.7 ------ ---- ----
On November 30, 2012, the Fund's net assets amounted to US$55.6 million and the Fund's NAV per share was $15.55.
As of November 30, 2012, the portfolio was invested as follows:
Portfolio Composition Percent of Net Assets --- ---------- Financials 42.3 ---------- ---- Technology 16.0 ---------- ---- Industrials 12.5 ----------- ---- Communications 9.4 -------------- --- Energy 5.8 ------ --- Consumer, Non-Cyclical 5.1 ---------------------- --- Basic Materials 4.9 --------------- --- Consumer, Cyclical 3.1 ------------------ --- Health Care 0.9 ----------- ---
The Fund's ten largest equity holdings as of November 30, 2012, representing 43.3% of net assets, were:
Stock Percent of Net Assets --- ---------- Oversea-Chinese Banking Corporation, Ltd. 5.9 ------------------------------------ --- Taiwan Semiconductor Manufacturing Co., Ltd. 5.4 ---------------------------------- --- Jardine Strategic Holdings, Ltd. 4.9 -------------------------------- --- Housing Development Finance Corporation, Ltd. 4.6 --------------------------- --- Swire Pacific, Ltd. B 4.3 --------------------- --- China Mobile, Ltd. 4.0 ------------------ --- Singapore Technologies Engineering, Ltd. 3.8 ----------------------------------- --- Standard Chartered PLC 3.6 ---------------------- --- HSBC Holdings 3.5 ------------- --- City Developments, Ltd. 3.3 ----------------------- ---
Important Information
Aberdeen Asset Management Inc. has prepared this report based on information sources believed to be accurate and reliable. However, the figures are unaudited and neither the Fund, 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. Aberdeen is a U.S. registered service mark of Aberdeen Asset Management 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. Past performance does not guarantee future results.
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@aberdeen-asset.com
SOURCE The Asia Tigers Fund, Inc.