PHILADELPHIA, Aug. 23, 2018 /PRNewswire/ -- Aberdeen Emerging Markets Equity Income Fund, Inc.1 (the
"Fund") (NYSE American: AEF), a closed-end equity fund, announced today its performance data and portfolio composition as
of July 31, 2018.
The Fund's total returns for various periods through July 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
07/31/18
|
Annualized as of 07/31/18
|
|
1 Month
|
3
Month
|
YTD
|
1
Year
|
3
Years
|
5
Years
|
10
Years
|
Since
Inception
|
|
NAV
|
4.2
|
-3.3
|
-2.1
|
2.3
|
12.2
|
0.7
|
1.5
|
9.3
|
|
Market Price
|
2.7
|
-9.6
|
-8.3
|
-0.6
|
10.2
|
-0.3
|
1.0
|
8.7
|
|
MSCI Emerging Markets²
|
2.3
|
-5.3
|
-4.4
|
4.7
|
9.3
|
5.6
|
3.2
|
8.1
|
|
MSCI Emerging Markets
Latin America³
|
9.2
|
-8.9
|
-2.8
|
1.0
|
8.5
|
-0.1
|
-1.7
|
9.7
|
|
Custom AEF Emerging
Markets Index4
|
2.3
|
-5.3
|
2.6
|
6.6
|
10.5
|
0.9
|
-1.2
|
3.4
|
On July 31, 2018, the Fund's net assets amounted to US$498.4
million and the Fund's NAV per share was US$8.28.
As of July 31, 2018, the portfolio was invested as follows:
|
Portfolio Composition
|
Percent of
Net Assets
|
|
Financials
|
26.8
|
|
Information Technology
|
19.7
|
|
Telecommunications
|
11.7
|
|
Consumer Staples
|
10.4
|
|
Materials
|
9.4
|
|
Real Estate
|
6.2
|
|
Consumer Discretionary
|
5.7
|
|
Industrials
|
4.0
|
|
Energy
|
2.5
|
|
Utilities
|
2.0
|
|
Health Care
|
0.1
|
|
Cash
|
1.5
|
|
Country
|
Geographic Exposure %
|
|
China
|
16.3
|
|
India
|
11.6
|
|
Brazil
|
11.4
|
|
South Africa
|
7.8
|
|
Hong Kong
|
6.8
|
|
South Korea
|
6.4
|
|
Taiwan
|
6.1
|
|
Thailand
|
6.0
|
|
Mexico
|
5.7
|
|
Russia
|
4.2
|
|
Indonesia
|
3.5
|
|
Chile
|
2.7
|
|
Poland
|
2.6
|
|
Kenya
|
2.0
|
|
Czech Republic
|
1.8
|
|
Turkey
|
1.6
|
|
Romania
|
1.2
|
|
United Kingdom
|
1.0
|
|
Malaysia
|
1.0
|
|
United States
|
0.2
|
|
Israel
|
0.1
|
The Fund's ten largest equity holdings as of July 31, 2018, representing 32.0% of net assets,
were:
|
Stock
|
Percent of
Net Assets
|
|
Tencent Holdings Ltd.
|
5.3
|
|
Samsung Electronics
|
4.9
|
|
Taiwan Semiconductor
|
4.1
|
|
Itausa Investimentos Itau SA
|
3.4
|
|
China Mobile
|
2.9
|
|
China Resources Enterprise
|
2.5
|
|
Firstrand Ltd.
|
2.5
|
|
Vale
|
2.2
|
|
Saic Motor Corp.
|
2.2
|
|
ITC Ltd.
|
2.2
|
Important Information
Aberdeen Asset Management Inc. has prepared this report based on information sources believed to be accurate and
reliable. All reasonable care has been taken to ensure accuracy. However, the figures are unaudited and neither the Fund, 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
is a subsidiary of Aberdeen Asset Management PLC ("Aberdeen PLC").
Aberdeen Standard Investments is a brand of the investment businesses of Aberdeen Asset Management and Standard Life
Investments. In the United States, Aberdeen Standard Investments is the marketing name for the
following affiliated, registered investment advisers: Aberdeen Asset Management Inc., Aberdeen Asset Managers Ltd., Aberdeen
Asset Management Ltd., Aberdeen Asset Management Asia Ltd., Aberdeen Asset Capital Management, LLC, Standard Life Investments
(Corporate Funds) Ltd., and Standard Life Investments (USA) Ltd.
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 is no guarantee of future results. Investment returns and principle value will fluctuate and shares,
when sold, may be worth more or less than original cost. Current performance may be lower or higher than the performance quoted.
NAV return data includes investment management fees, custodial charges and administrative fees (such as Director and legal fees)
and assumes the reinvestment of all distributions. Returns for periods less than one year are not annualized. 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 October 30, 1991.
If you wish to receive this information electronically, please contact: Investor.Relations@aberdeenstandard.com
1 Prior to April 30, 2018, the Fund was named Aberdeen Chile Fund, Inc. (the
"Acquiring Fund"). Seven closed-end equity funds managed by Aberdeen entities reorganized into the Acquiring Fund on April 30, 2018. Aberdeen Latin America Equity Fund, Inc. is the performance and accounting survivor for the
Fund. Performance information for periods prior to April 30, 2018 will not reflect the current
investment strategy.
² Effective April 30, 2018, the MSCI Emerging Markets Index became the Fund's benchmark index in
connection with the change to the Fund's investment objective and strategy.
³ For the MSCI Emerging Markets Latin America Index benchmark, the returns provided for since inception are based on month-end
level valuations as of October 31, 1991.
4 The Custom Index reflects the returns of the MSCI Emerging Markets Latin America Index for periods prior to
April 27, 2018 and the returns of the MSCI Emerging Markets Index for periods subsequent to
April 30, 2018.
The indices and time periods for the Custom Index align with the strategies utilized and benchmark for the Fund during the same
time periods.
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SOURCE Aberdeen Emerging Markets Equity Income Fund, Inc.