Aberdeen Australia Equity Fund, Inc. Announces Performance Data and Portfolio Composition
December 04 2009 - 11:42AM
PR Newswire (US)
PHILADELPHIA, Dec. 4 /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 October 31, 2009. The Fund's total returns for
various periods through October 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 626.4 8.7 655.6 8.8 (December
1985) 10-years 223.3 12.5 269.1 14.0 5-years 82.0 12.7 96.5 14.5
3-years 19.6 6.1 17.7 5.6 1-year 48.9 50.8 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
October 31, 2009, the Fund's net assets amounted to US$210.9
million and the Fund's NAV per share was $10.96. As of October 31,
2009, the portfolio was invested as follows: Portfolio Composition
Percent of Net Assets Consumer Discretionary 6.0 Consumer Staples
10.5 Energy 4.0 Finance 30.3 HealthCare 3.5 Industrials 4.0
Information Technology 1.9 Materials 22.7 Other 4.3 Property 3.9
Telecommunications 3.6 Utilities 5.3 The Fund's ten largest equity
holdings as of October 31, 2009, representing 64.3% of total
assets, were: Stock Percent of Total Assets BHP Billiton Limited
13.2 QBE Insurance Group Limited 7.9 Westpac Banking Corporation
Limited 7.4 Rio Tinto Limited 7.1 Woolworths Limited 5.8
Commonwealth Bank of Australia Limited 5.4 Australia & New
Zealand Banking Group Limited 5.1 Woodside Petroleum Limited 4.2
ASX Limited 4.1 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. 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 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, +866-839-5205, Web Site:
http://www.aberdeen-asset.com/
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