PHILADELPHIA, Nov. 21, 2017 /PRNewswire/ — Aberdeen Emerging Markets Smaller Company Opportunities Fund, Inc.1 (the «Fund») (NYSE American: ABE2), a closed-end equity fund, announced today its performance data and portfolio composition as of October 31, 2017.

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 environment. (PRNewsFoto/Aberdeen Asset Management Inc.)

The Fund’s total returns for various periods through October 31, 2017 are provided below.  (All figures are based on distributions reinvested at the dividend reinvestment price and are stated net-of-fees):  

Cumulative as of
10/31/17

Annualized as of 10/31/17

1
Month

3
Month

YTD

1
Year

3
Years

5
Years

10
Years

Since
Inception

NAV

0.2

0.4

21.2

10.2

1.2

1.1

-1.0

6.6

Market Price

3.3

0.9

29.4

18.1

1.8

1.5

-1.4

6.2

MSCI Emerging Markets Small Cap

3.5

5.6

27.1

21.1

5.2

5.9

1.7

n/a3

On October 31, 2017, the Fund’s net assets amounted to US$149.5 million and the Fund’s NAV per share was US$15.76.

As of October 31, 2017, the portfolio was invested as follows:

Portfolio Composition

Percent of 
Net Assets

Industrials

18.2

Consumer Staples

17.1

Consumer Discretionary

15.4

Materials

11.5

Information Technology

10.2

Real Estate

9.8

Financials

8.4

Health Care

7.9

Energy

1.3

Cash

0.1

 

 

Portfolio Composition

Geographic Exposure %

India

15.6

Brazil

10.5

Indonesia

8.4

Turkey

7.0

Thailand

6.0

South Africa

5.3

Malaysia

5.0

China

4.4

Philippines

4.3

United States

3.6

Chile

3.4

South Korea

3.2

Hong Kong

2.7

Mexico

2.7

Netherlands

2.6

Poland

1.9

Sri Lanka

1.9

Nigeria

1.8

Taiwan

1.8

Romania

1.7

Egypt

1.1

Kenya

1.1

Russia

1.0

Peru

0.9

Pakistan

0.8

United Kingdom

0.8

Israel

0.3

Luxembourg

0.1

 

The Fund’s ten largest equity holdings as of October 31, 2017, representing 28.3% of net assets, were:

Stock

Percent of

Net Assets

Godrej Consumer Products

3.4

Parque Arauco

3.4

Jollibee Foods

2.9

ACE Hardware Indonesia

2.8

Pacific Basin Shipping

2.7

AKR Corporindo

2.7

Grupo Aeroportuario del Centro Norte

2.7

ASM International

2.6

Container Corp of India Ltd.

2.6

Ramco Cements Ltd.

2.5

 

Important Information

Aberdeen Asset Management Inc. (the «Administrator») has prepared this report based on information sources believed to be accurate and reliable.  However, the figures are unaudited and neither the Fund, the Administrator, Aberdeen Asset Managers Limited (the «Investment Adviser»), 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 Adviser and the Administrator are each a subsidiary of Aberdeen Asset Management PLC («Aberdeen PLC»).  The merger of Standard Life plc and Aberdeen PLC, announced on March 6, 2017 («Merger»), closed on August 14, 2017.  Aberdeen PLC became a direct subsidiary of Standard Life plc as a result of the Merger and the combined company changed its name to Standard Life Aberdeen plc. Shareholders of the Fund are not required to take any action as a result of the Merger. Following the Merger, the Fund’s Investment Adviser and Administrator are each an indirect subsidiary of Standard Life Aberdeen plc, but otherwise did not change. The investment advisory and administration agreements for the Fund, the services provided under the agreements, and the fees charged for services did not change as a result of the Merger. The portfolio management team for the Fund did not change as a result of the Merger. 

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 June 17, 1992.

If you wish to receive this information electronically, please contact: [email protected]

1 The Fund changed its name, benchmark, investment objective and strategy effective March 15, 2013.  Performance information for periods prior to March 15, 2013 does not reflect the current investment strategy. The MSCI Emerging Markets Small Cap Index is the Fund’s benchmark. Please refer to the Fund’s January 14, 2013 proxy statement at aberdeenABE.com for additional information.  
2 The Fund’s ticker symbol changed from ETF to ABE at market close on July 31, 2015. 
3 There is no since inception figure for the MSCI EM Small Cap Index because the inception date of the Index is June 1, 2007. The inception date of the Fund is June 17, 1992.

 

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SOURCE Aberdeen Emerging Markets Smaller Company Opportunities Fund, Inc.