The Singapore Fund, Inc. Announces Performance Data And Portfolio Composition
PHILADELPHIA, April 8, 2013 /PRNewswire/ -- The Singapore Fund, Inc. (the "Fund") (NYSE: SGF), a closed-end equity fund, announced today its performance data and portfolio composition as of February 28, 2013.
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The Fund's total returns for various periods through February 28, 2013 are provided below. (All figures are based on distributions reinvested at the dividend reinvestment price and are stated net-of-fees):
| Period |
NAV Total Return % |
Market Price Total Return % |
||
| Cumulative |
Annualized |
Cumulative |
Annualized |
|
| Since inception (July 1990) |
267.7 |
5.9 |
209.1 |
5.1 |
| 10-years |
321.0 |
15.5 |
372.4 |
16.8 |
| 5-years |
26.9 |
4.9 |
27.5 |
5.0 |
| 3-years |
38.0 |
11.3 |
39.7 |
11.8 |
| 1-year |
16.2 |
12.2 |
||
On February 28, 2013, the Fund's net assets amounted to US$119.0 million and the Fund's NAV per share was $15.71.
As of February 28, 2013, the portfolio was invested as follows:
| Portfolio Composition |
Percent of |
| Financials |
46.7 |
| Industrials |
37.0 |
| Consumer Discretionary |
4.5 |
| Telecommunications |
4.0 |
| Health Care |
3.8 |
| Information Technology |
2.9 |
| Consumer Staples |
0.4 |
| Cash |
0.8 |
The Fund's ten largest equity holdings as of February 28, 2013, representing 60.0% of net assets, were:
| Stock |
Percent of Net Assets |
| Oversea-Chinese Banking |
9.9 |
| United Overseas Bank |
8.5 |
| Keppel Corporation |
7.7 |
| Jardine Matheson |
7.3 |
| Singapore Technologies Engineering |
5.2 |
| DBS Group Holdings |
5.1 |
| City Developments |
5.0 |
| Singapore Telecommunications |
4.0 |
| SembCorp Marine |
3.8 |
| Wheelock Properties |
3.5 |
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, 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. 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 July 31, 1990.
If you wish to receive this information electronically, please contact: [email protected]
SOURCE The Singapore Fund, Inc.
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