(MENAFNEditorial) PHILADELPHIA, Feb. 23, 2018 /PRNewswire/ -- (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:
1There 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.
MENAFN2402201800701241ID1096508731
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