PHILADELPHIA, Aug. 21, 2017 /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 July 31,
2017.
The Fund's total returns for various periods through
July 31, 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
07/31/17
|
Annualized as of
07/31/17
|
|
1 Month
|
3 Month
|
YTD
|
1 Year
|
3 Years
|
5 Years
|
10 Years
|
NAV
|
1.1
|
6.4
|
23.3
|
23.7
|
5.2
|
6.3
|
0.3
|
Market
Price
|
3.6
|
11.7
|
36.7
|
37.3
|
6.7
|
7.0
|
1.0
|
MSCI Golden
Dragon
|
6.5
|
13.6
|
31.5
|
32.6
|
8.4
|
11.4
|
5.1
|
On July 31, 2017, the Fund's net
assets amounted to US$112.0 million
and the Fund's NAV per share was US$12.70.
As of July 31, 2017, the portfolio
was invested as follows:
Portfolio
Composition
|
Percent of
Net Assets
|
Financials
|
18.1
|
Industrials
|
17.9
|
Consumer
Discretionary
|
12.6
|
Information
Technology
|
12.2
|
Real
Estate
|
11.9
|
Telecommunications
|
8.5
|
Consumer
Staples
|
5.2
|
Health
Care
|
4.3
|
Energy
|
3.5
|
Utilities
|
1.5
|
Cash
|
4.3
|
Portfolio
Composition
|
Geographic
Exposure %
|
Hong Kong
|
52.5
|
China
|
35.1
|
Taiwan
|
11.5
|
United
States
|
0.9
|
The Fund's ten largest equity holdings as of July 31, 2017, representing 43.5% of net assets,
were:
Stock
|
Percent
of Net
Assets
|
Taiwan
Semiconductor
|
6.3
|
AIA Group
|
6.3
|
HSBC
Holdings
|
5.3
|
Jardine
Strategic
|
5.2
|
MTR
Corporation
|
4.6
|
China
Mobile
|
3.7
|
Swire
Properties
|
3.4
|
Taiwan
Mobile
|
3.1
|
Hangzhou Hikvision
Digital Technology
|
2.9
|
Hang Lung
|
2.7
|
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").
The merger of Standard Life plc and Aberdeen PLC, announced on
March 6, 2017 ("Merger"), closed on
August 14, 2017. Aberdeen PLC
became a direct subsidiary of Standard Life plc as a result of the
Merger and the combined company changed its name to Standard Life
Aberdeen plc. Shareholders of the Fund are not required to take any
action as a result of the Merger. Following the Merger, the Fund's
Investment Manager and Administrator are each an indirect
subsidiary of Standard Life Aberdeen plc, but otherwise did not
change. The investment management and administration agreements for
the Fund, the services provided under the agreements, and the fees
charged for services did not change as a result of the Merger. The
portfolio management team for the Fund did not 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 July 23, 1992.
If you wish to receive this information
electronically, please contact:
InvestorRelations@aberdeen-asset.com
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SOURCE Aberdeen Greater China Fund, Inc.