PHILADELPHIA, April 23, 2018 /PRNewswire/ -- Aberdeen
Greater China Fund, Inc. (the "Fund") (NYSE: GCH), a closed-end
equity fund, announced today its performance data and portfolio
composition as of March 31,
2018.
The Fund's total returns for various periods through
March 31, 2018 are provided
below. (All figures are based on distributions reinvested at
the dividend reinvestment price and are stated
net-of-fees):
|
Cumulative as of
03/31/18
|
Annualized as of
03/31/18
|
|
1 Month
|
3 Month
|
YTD
|
1 Year
|
3 Years
|
5 Years
|
10 Years
|
NAV
|
0.3
|
4.6
|
4.6
|
24.6
|
10.5
|
6.7
|
2.7
|
Market
Price
|
0.4
|
6.1
|
6.1
|
28.0
|
12.0
|
6.8
|
3.6
|
MSCI Golden
Dragon
|
-2.2
|
2.1
|
2.1
|
30.5
|
10.7
|
11.2
|
6.5
|
On March 31, 2018, the Fund's net
assets amounted to US$126.6 million
and the Fund's NAV per share was US$14.36.
As of March 31, 2018, the
portfolio was invested as follows:
Portfolio
Composition
|
Percent
of
Net Assets
|
Financials
|
15.6
|
Real
Estate
|
11.3
|
Consumer
Discretionary
|
10.0
|
Industrials
|
9.9
|
Information
Technology
|
8.4
|
Health
Care
|
5.3
|
Telecommunications
|
4.9
|
Energy
|
3.0
|
Utilities
|
1.4
|
Consumer
Staples
|
0.8
|
Cash
|
29.4
|
Portfolio
Composition
|
Geographic
Exposure %
|
Hong Kong
|
37.5
|
China
|
35.1
|
United
States
|
27.4
|
The Fund's ten largest equity holdings as of March 31, 2018, representing 34.7% of net assets,
were:
Stock
|
Percent
of
Net
Assets
|
Tencent Holdings
Ltd.
|
5.7
|
AIA Group
|
5.5
|
China
Mobile
|
3.3
|
China Pharmaceutical
Enterprise and Investment
|
3.2
|
HSBC
Holdings
|
3.1
|
MTR
Corporation
|
3.1
|
Jardine
Strategic
|
2.9
|
Hong Kong Exchanges
and Clearing
|
2.9
|
Swire
Properties
|
2.6
|
China Conch Venture
Holdings Ltd.
|
2.4
|
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 Management Asia
Limited (the "Investment Manager"), 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 Manager and the Administrator are each a subsidiary of
Aberdeen Asset Management PLC ("Aberdeen PLC").
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 July 23, 1992.
If you wish to receive this information electronically, please
contact: InvestorRelations@aberdeenstandard.com
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SOURCE Aberdeen Greater China Fund, Inc.