Aberdeen Singapore Fund, Inc.(1) Announces Performance Data And Portfolio
PHILADELPHIA, April 1, 2014
PHILADELPHIA, April 1, 2014 /PRNewswire/ --Aberdeen Singapore Fund, Inc.^1
(the "Fund") (NYSE: SGF), a closed-end equity fund, announced today its
performance data and portfolio composition as of February 28, 2014.
Aberdeen Asset Management Inc. At Aberdeen, asset management is our business.
We only manage assets for clients, allowing us to focus solely on their needs
and deliver independent, objective investment advice. We know global markets
from the local level upwards, drawing on more than 1,900 staff, across 32
offices in 23 countries. Investment teams are based in the markets or regions
where they invest, delivering local perspective in a global investment
The Fund's total returns for various periods through February 28, 2014 are
provided below. (All figures are based on distributions reinvested at the
dividend reinvestment price and are stated net-of-fees):
Cumulative as of Annualized as of 02/28/14
1 Month 3 Month YTD 1 Year 3 Years 5 10 Since
Years Years Inception
NAV 3.3 -3.7 -3.5 -5.7 3.5 20.6 9.2 5.4
Market Price 2.9 -4.5 -3.8 -6.9 2.0 21.3 9.4 4.6
MSCI 3.4 -4.6 -3.4 -3.3 3.7 21.8 11.4 6.9
On February 28, 2014, the Fund's net assets amounted to US$105.9 million and
the Fund's NAV per share was $13.84.
As of February 28, 2014, the portfolio was invested as follows:
Health Care 4.2
Information Technology 4.1
Consumer Discretionary 2.2
The Fund's ten largest equity holdings as of February 28, 2014, representing
61.8% of net assets, were:
Oversea-Chinese Banking Corporation 9.7
Keppel Corporation 8.6
United Overseas Bank 8.5
Jardine Matheson 7.6
DBS Group Holdings 6.4
City Developments 5.4
SembCorp Marine 4.3
Singapore Telecom 4.3
Singapore Technologies Engineering 4.1
Singapore Exchange Ltd 2.9
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 Inc. (the current
Administrator), Daiwa Securities Trust Company (the former 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. 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.
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 31, 1990.
If you wish to receive this information electronically, please contact:
¹ As of 11/01/2013, Fund name changed from The Singapore Fund, Inc.
SOURCE Aberdeen Singapore Fund, Inc.
Contact: Aberdeen Asset Management Inc., Investor Relations, 866-839-5205,
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