PHILADELPHIA, Aug. 21, 2017 /PRNewswire/ -- Aberdeen Greater China Fund, Inc. (the "Fund") (NYSE: GCH), a
closed-end equity fund, announced today its performance data and portfolio composition as of July
31, 2017.
The Fund's total returns for various periods through July 31, 2017 are provided below.
(All figures are based on distributions reinvested at the dividend reinvestment price and are stated net-of-fees):
|
Cumulative as of 07/31/17
|
Annualized as of 07/31/17
|
|
1 Month
|
3 Month
|
YTD
|
1 Year
|
3 Years
|
5 Years
|
10 Years
|
|
NAV
|
1.1
|
6.4
|
23.3
|
23.7
|
5.2
|
6.3
|
0.3
|
|
Market Price
|
3.6
|
11.7
|
36.7
|
37.3
|
6.7
|
7.0
|
1.0
|
|
MSCI Golden
Dragon
|
6.5
|
13.6
|
31.5
|
32.6
|
8.4
|
11.4
|
5.1
|
On July 31, 2017, the Fund's net assets amounted to US$112.0
million and the Fund's NAV per share was US$12.70.
As of July 31, 2017, the portfolio was invested as follows:
|
Portfolio Composition
|
Percent of
Net Assets
|
|
Financials
|
18.1
|
|
Industrials
|
17.9
|
|
Consumer Discretionary
|
12.6
|
|
Information Technology
|
12.2
|
|
Real Estate
|
11.9
|
|
Telecommunications
|
8.5
|
|
Consumer Staples
|
5.2
|
|
Health Care
|
4.3
|
|
Energy
|
3.5
|
|
Utilities
|
1.5
|
|
Cash
|
4.3
|
|
Portfolio Composition
|
Geographic Exposure %
|
|
Hong Kong
|
52.5
|
|
China
|
35.1
|
|
Taiwan
|
11.5
|
|
United States
|
0.9
|
The Fund's ten largest equity holdings as of July 31, 2017, representing 43.5% of net assets,
were:
|
Stock
|
Percent of
Net Assets
|
|
Taiwan Semiconductor
|
6.3
|
|
AIA Group
|
6.3
|
|
HSBC Holdings
|
5.3
|
|
Jardine Strategic
|
5.2
|
|
MTR Corporation
|
4.6
|
|
China Mobile
|
3.7
|
|
Swire Properties
|
3.4
|
|
Taiwan Mobile
|
3.1
|
|
Hangzhou Hikvision Digital Technology
|
2.9
|
|
Hang Lung
|
2.7
|
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").
The merger of Standard Life plc and Aberdeen PLC, announced on March 6, 2017 ("Merger"), closed on
August 14, 2017. Aberdeen PLC became a direct subsidiary of Standard Life plc as a result of
the Merger and the combined company changed its name to Standard Life Aberdeen plc. Shareholders of the Fund are not required to
take any action as a result of the Merger. Following the Merger, the Fund's Investment Manager and Administrator are each an
indirect subsidiary of Standard Life Aberdeen plc, but otherwise did not change. The investment management and administration
agreements for the Fund, the services provided under the agreements, and the fees charged for services did not change as a result
of the Merger. The portfolio management team for the Fund did not change as a result of the Merger.
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 July 23, 1992.
If you wish to receive this information electronically, please contact: InvestorRelations@aberdeen-asset.com
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SOURCE Aberdeen Greater China Fund, Inc.