The Singapore Fund, Inc. Announces Performance Data And Portfolio Composition
PHILADELPHIA, Oct. 4, 2012 /PRNewswire/ -- The Singapore Fund, Inc. (the "Fund") (NYSE: SGF), a closed-end equity fund, announced today its performance data and portfolio composition as of August 31, 2012.
The Fund's total returns for various periods through August 31, 2012 are provided below. (All figures are based on distributions reinvested at the dividend reinvestment price and are stated net-of-fees):
| Period |
Net Asset Value % |
Market Price % |
| Fiscal Year-to-Date |
14.2 |
10.5 |
| 1 Month |
0.1 |
-0.7 |
| 3 Months |
14.3 |
13.2 |
| 12 Months |
8.4 |
3.5 |
On August 31, 2012, the Fund's net assets amounted to US$113.6 million and the Fund's NAV per share was $15.15.
As of August 31, 2012, the portfolio was invested as follows:
| Portfolio Composition |
Percent of |
| Financials |
45.0 |
| Industrials |
18.5 |
| Diversified |
16.1 |
| Consumer, Cyclical |
11.3 |
| Communications |
4.9 |
| Consumer, Non-Cyclical |
3.2 |
| Cash |
1.0 |
The Fund's ten largest equity holdings as of August 31, 2012, representing 63.0% of net assets, were:
| Stock |
Percent of Net Assets |
| Oversea-Chinese Banking Corporation Ltd. |
9.8 |
| United Overseas Bank Ltd. |
9.3 |
| Jardine Matheson Holdings Ltd. |
7.1 |
| Keppel Corporation Ltd. |
7.0 |
| Fraser and Neave Ltd. |
6.2 |
| City Developments Ltd. |
6.0 |
| DBS Group Holdings Ltd. |
5.0 |
| Singapore Technologies Engineering |
4.7 |
| SembCorp Marine Ltd. |
4.0 |
| Singapore Telecommunications Ltd. |
3.9 |
Important Information
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, Daiwa Securities Trust Company (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. Aberdeen is a U.S. registered service mark of Aberdeen Asset Management PLC.
Closed-end funds have a one-time initial public offering and then are subsequently traded on the secondary market through one of the stock exchanges. The 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 a fund will achieve its investment objective. Past performance does not guarantee future results.
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 August 31, 1990.
If you wish to receive this information electronically, please contact: [email protected]
SOURCE The Singapore Fund, Inc.
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