Aberdeen Australia Equity Fund, Inc. Announces Performance Data and Portfolio Composition
March 31 2009 - 12:35PM
PR Newswire (US)
PHILADELPHIA, March 31 /PRNewswire-FirstCall/ -- Aberdeen Australia
Equity Fund, Inc. (the "Fund") (NYSE Alternext US: IAF), a
closed-end equity fund, announced today its performance data and
portfolio composition as of February 28, 2009. The Fund's total
returns for various periods through February 28, 2009 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 295.3 6.1 267.8 5.8 (December
1985) 10-years 87.8 6.5 113.6 7.9 5-years 8.8 1.7 10.5 2.0 3-years
-26.6 -9.8 -35.9 -13.8 1-year -52.6 -57.9 The Fund's returns, which
are denominated in U.S. dollars, are affected by the performance of
the U.S. dollar against the Australian dollar. On February 28,
2009, the Fund's net assets amounted to US$124.2 million and the
Fund's NAV per share was $6.47. As of February 28, 2009, the
portfolio was invested as follows: Portfolio Composition Percent of
Net Assets Consumer Discretionary 8.3 Consumer Staples 15.8 Energy
3.8 Finance 25.2 HealthCare 3.3 Industrials 3.6 Information
Technology 1.5 Materials 21.1 Other 6.3 Property 3.4
Telecommunications 1.8 Utilities 5.9 The Fund's ten largest equity
holdings as of February 28, 2009, representing 57.6% of net assets,
were: Stock Percent of Net Assets BHP Billiton Limited 13.1 QBE
Insurance Group Limited 6.6 Woolworths Limited 6.3 Westpac Banking
Corporation Limited 5.8 Rio Tinto Limited 5.5 Commonwealth Bank of
Australia Limited 4.2 AGL Energy Limited 4.1 Lion Nathan Limited
4.1 Australia & New Zealand Banking Group Limited 4.0 Tatts
Group Limited 3.9 Important Information Aberdeen Asset Management
Inc., the Fund's 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 Management Asia Limited (the Investment Manager),
Aberdeen Asset Management 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. 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.
Inception date December 12, 1985. If you wish to receive this
information electronically, please contact: DATASOURCE: Aberdeen
Australia Equity Fund, Inc. CONTACT: Aberdeen Asset Management Inc.
Investor Relations, +1-866-839-5205,
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