PHILADELPHIA, Sept. 24, 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 August 31, 2018.
The Fund's total returns for various periods through August 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
08/31/18
|
Annualized as of 08/31/18
|
|
1
Month
|
3
Month
|
YTD
|
1
Year
|
3
Years
|
5
Years
|
10
Years
|
Since
Inception
|
|
NAV
|
-3.6
|
-1.5
|
-5.7
|
-6.1
|
14.1
|
0.7
|
2.0
|
9.2
|
|
Market Price
|
-3.9
|
-9.4
|
-11.9
|
-10.6
|
12.8
|
-0.2
|
1.4
|
8.5
|
|
MSCI Emerging Markets²
|
-2.7
|
-4.5
|
-6.9
|
-0.3
|
11.8
|
5.4
|
-3.8
|
7.9
|
|
MSCI Emerging Markets
Latin America³
|
-8.3
|
-2.9
|
-10.9
|
-11.5
|
9.4
|
-1.2
|
-1.7
|
9.3
|
|
Custom AEF Emerging
Markets Index4
|
-2.7
|
-4.5
|
-0.2
|
-0.9
|
13.6
|
1.0
|
-0.6
|
6.7
|
|
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.
|
On August 31, 2018, the Fund's net assets amounted to US$478.5
million and the Fund's NAV per share was US$7.98.
As of August 31, 2018, the portfolio was invested as follows:
|
Portfolio Composition
|
Percent of
Net Assets
|
|
Financials
|
25.8
|
|
Information Technology
|
20.8
|
|
Telecommunications
|
11.7
|
|
Consumer Staples
|
10.6
|
|
Materials
|
9.2
|
|
Real Estate
|
6.2
|
|
Consumer Discretionary
|
6.1
|
|
Industrials
|
4.2
|
|
Energy
|
2.4
|
|
Utilities
|
1.7
|
|
Health Care
|
0.1
|
|
Cash
|
1.2
|
|
Country
|
Geographic Exposure %
|
|
China
|
16.5
|
|
India
|
11.7
|
|
Brazil
|
10.3
|
|
South Africa
|
7.5
|
|
South Korea
|
6.9
|
|
Hong Kong
|
6.8
|
|
Thailand
|
6.5
|
|
Taiwan
|
6.3
|
|
Mexico
|
6.0
|
|
Russia
|
3.9
|
|
Indonesia
|
3.9
|
|
Poland
|
2.7
|
|
Chile
|
2.6
|
|
Kenya
|
2.0
|
|
Czech Republic
|
1.7
|
|
Romania
|
1.3
|
|
Turkey
|
1.2
|
|
United Kingdom
|
1.1
|
|
Malaysia
|
1.0
|
|
United States
|
0.2
|
|
Israel
|
0.1
|
The Fund's ten largest equity holdings as of August 31, 2018, representing 32.4% of net assets,
were:
|
Stock
|
Percent of
Net Assets
|
|
Tencent Holdings Ltd.
|
5.3
|
|
Samsung Electronics
|
5.3
|
|
Taiwan Semiconductor
|
4.2
|
|
China Mobile
|
3.2
|
|
Itausa Investimentos Itau SA
|
2.9
|
|
China Resources Enterprise
|
2.5
|
|
Firstrand Ltd.
|
2.3
|
|
ITC Ltd.
|
2.3
|
|
Aeroportuario del Centro Norte pls
|
2.3
|
|
Grupo Financiero Banorte
|
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
Standard Investments Australia Limited (formerly known as Aberdeen Asset Management Ltd.), Aberdeen Standard Investments
(Asia) Limited (formerly known as 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
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SOURCE Aberdeen Emerging Markets Equity Income Fund, Inc.