Aberdeen Australia Equity Fund, Inc. Announces Performance Data and Portfolio Composition
June 30 2009 - 9:15AM
PR Newswire (US)
PHILADELPHIA, June 30 /PRNewswire-FirstCall/ -- Aberdeen Australia
Equity Fund, Inc. (the "Fund") (NYSE Amex: IAF), a closed-end
equity fund, announced today its performance data and portfolio
composition as of May 31, 2009. The Fund's total returns for
various periods through May 31, 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 466.0 7.7 576.5 8.5 (December
1985) 10-years 159.0 10.0 270.6 14.0 5-years 64.3 10.4 126.3 17.8
3-years 3.5 1.2 18.0 5.7 1-year -34.4 -25.4 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
May 31, 2009, the Fund's net assets amounted to US$171.2 million
and the Fund's NAV per share was $8.92. As of May 31, 2009, the
portfolio was invested as follows: Portfolio Composition Percent of
Net Assets Consumer Discretionary 6.5 Consumer Staples 15.7 Energy
4.2 Finance 25.8 HealthCare 2.8 Industrials 3.2 Information
Technology 1.7 Materials 22.6 Other 4.4 Property 4.1
Telecommunications 3.3 Utilities 5.7 The Fund's ten largest equity
holdings as of May 31, 2009, representing 60.1% of net assets,
were: Stock Percent of Net Assets BHP Billiton Limited 14.0 QBE
Insurance Group Limited 6.8 Rio Tinto Limited 6.1 Westpac Banking
Corporation Limited 5.9 Woolworths Limited 5.5 Lion Nathan Limited
5.1 Australia & New Zealand Banking Group Limited 4.2
Commonwealth Bank of Australia Limited 4.2 Woodside Petroleum
Limited 4.2 Westfield Group Limited 4.1 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. Aberdeen is a U.S.
registered service mark of Aberdeen Asset Management PLC. 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, Web Site: http://www.aberdeen-asset.com/
Copyright