The Emerging Markets Telecommunications Fund, Inc. Announces Performance Data and Portfolio Composition
December 04 2009 - 2:03PM
PR Newswire (US)
PHILADELPHIA, Dec. 4 /PRNewswire-FirstCall/ -- The Emerging Markets
Telecommunications Fund, Inc. (the "Fund") (NYSE AMEX: ETF), 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 253.9 7.6 210.4 6.7 (June 1992) -----
--- ----- --- ----------- 10-years 68.8 5.4 91.9 6.7 -------- ----
--- ---- --- 5-years 86.7 13.3 92.8 14.0 ------- ---- ---- ----
---- 3-years 5.1 1.7 2.6 0.9 ------- --- --- --- --- 1-year 21.7
29.5 ------ ---- ---- On October 31, 2009, the Fund's net assets
amounted to US$148.9 million and the Fund's NAV per share was
$18.05. As of October 31, 2009, the portfolio was invested as
follows: Portfolio Composition Geographic Exposure %
--------------------- --------------------- Hong Kong 12.5
--------- ---- Russia 10.2 ------ ---- Mexico 9.3 ------ --- Taiwan
8.3 ------ --- India 7.8 ----- --- Indonesia 7.1 --------- ---
United States 6.1 ------------- --- Israel 5.6 ------ --- Portugal
4.8 -------- --- Malaysia 4.7 -------- --- Thailand 4.5 --------
--- Hungary 4.4 ------- --- Singapore 4.2 --------- --- South
Africa 3.9 ------------ --- Chile 3.0 ----- --- Kenya 2.0 ----- ---
Croatia 1.1 ------- --- Brazil 0.5 ------ --- The Fund's ten
largest equity holdings as of October 31, 2009, representing 65.6%
of net assets, were: Stock Percent of ----- ---------- Net Assets
---------- China Mobile Limited 11.7 -------------------- ----
America Movil SAB de CV 9.3 ----------------------- --- Bharti
Airtel Limited 7.8 --------------------- --- Taiwan Mobile Company
Limited 7.8 ----------------------------- --- Vimpel Communications
5.5 --------------------- --- Mobile Telesystems OJSC 4.8
----------------------- --- Portugal Telecommunications SPGS SA 4.8
----------------------------------- --- Bezeq Israeli
Telecommunications Corporation 4.7
-------------------------------------------- --- Digi.com Berhad
4.7 --------------- --- Advanced Info Service 4.5
--------------------- --- Important Information Aberdeen Asset
Management Inc. has prepared this report based on information
sources believed to be accurate and reliable. However, the figures
are unaudited and neither the Fund, Aberdeen Asset Management
Investment Services 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 June 17, 1992. If you
wish to receive this information electronically, please contact:
DATASOURCE: The Emerging Markets Telecommunications Fund, Inc.
CONTACT: Aberdeen Asset Management Inc. Investor Relations,
+1-866-839-5205,
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