PHILADELPHIA, July 24, 2017 /PRNewswire/ -- Aberdeen
Emerging Markets Smaller Company Opportunities Fund,
Inc.1 (the "Fund") (NYSE MKT: ABE2), a
closed-end equity fund, announced today its performance data and
portfolio composition as of June 30,
2017.
The Fund's total returns for various periods through
June 30, 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
06/30/17
|
Annualized as of
06/30/17
|
|
1
Month
|
3
Month
|
YTD
|
1
Year
|
3
Years
|
5
Years
|
10
Years
|
Since
Inception
|
|
NAV
|
0.3
|
6.0
|
17.1
|
10.0
|
-0.6
|
2.1
|
1.2
|
6.6
|
|
Market
Price
|
0.1
|
5.9
|
22.8
|
15.4
|
-0.5
|
2.6
|
0.9
|
6.1
|
|
MSCI Emerging
Markets
Small Cap
|
0.8
|
2.7
|
16.1
|
17.3
|
1.1
|
5.5
|
n/a3
|
n/a3
|
On June 30, 2017, the Fund's net
assets amounted to US$145.7 million
and the Fund's NAV per share was US$15.36.
As of June 30, 2017, the portfolio
was invested as follows:
|
Portfolio
Composition
|
Percent of
Net Assets
|
|
Industrials
|
18.2
|
|
Consumer
Staples
|
17.9
|
|
Consumer
Discretionary
|
13.5
|
|
Materials
|
10.6
|
|
Information
Technology
|
9.9
|
|
Real
Estate
|
9.1
|
|
Financials
|
8.9
|
|
Health
Care
|
7.7
|
|
Energy
|
1.5
|
|
Cash
|
2.7
|
|
Portfolio
Composition
|
Geographic
Exposure %
|
|
India
|
15.2
|
|
Brazil
|
9.2
|
|
Indonesia
|
9.1
|
|
Turkey
|
7.5
|
|
South
Africa
|
6.3
|
|
Thailand
|
6.1
|
|
Malaysia
|
5.6
|
|
United
States
|
5.3
|
|
Philippines
|
4.0
|
|
China
|
4.0
|
|
Chile
|
3.8
|
|
Mexico
|
3.2
|
|
South
Korea
|
2.9
|
|
Hong Kong
|
2.7
|
|
Sri Lanka
|
2.1
|
|
Netherlands
|
2.1
|
|
Romania
|
2.0
|
|
Taiwan
|
1.7
|
|
Kenya
|
1.2
|
|
Egypt
|
1.2
|
|
Nigeria
|
1.1
|
|
Poland
|
1.0
|
|
United
Kingdom
|
1.0
|
|
Russia
|
0.9
|
|
Peru
|
0.4
|
|
Israel
|
0.4
|
|
Luxembourg
|
0.1
|
The Fund's ten largest equity holdings as of June 30, 2017, representing 28.1% of net assets,
were:
|
Stock
|
Percent
of
Net
Assets
|
|
Godrej Consumer
Products
|
3.7
|
|
Grupo Aeroportuario
del Centro Norte
|
3.2
|
|
Parque
Arauco
|
3.1
|
|
AKR
Corporindo
|
3.0
|
|
Pacific Basin
Shipping
|
2.7
|
|
Jollibee
Foods
|
2.5
|
|
Ramco Cements
Ltd.
|
2.5
|
|
Coca-Cola
Icecek
|
2.5
|
|
ACE Hardware
Indonesia
|
2.5
|
|
Piramal
Enterprises
|
2.4
|
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 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.
Aberdeen Asset Managers Limited (the "Investment Adviser") and
Aberdeen Asset Management Inc. (the "Administrator") are each a
subsidiary of Aberdeen Asset Management PLC ("Aberdeen PLC").
On March 6, 2017, the Boards of
Standard Life plc and Aberdeen PLC announced that they had reached
an agreement on the terms of a merger ("Merger"). The Boards of
each of Standard Life plc and Aberdeen PLC believe that the Merger
has a compelling strategic and financial rationale through
combining complementary strengths to create a world-class
investment group. The Merger is expected to occur in the third
quarter of 2017, subject to various conditions and terms, including
regulatory approvals. The portfolio management team for the Fund is
not expected to change as a result of the Merger. In
addition, the agreements that the Fund has with Aberdeen PLC's
subsidiary companies, the services provided by such companies, and
the fees charged for those services are not expected to 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:
InvestorRelations@aberdeen-asset.com
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 10 year or 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.
