The Emerging Markets Telecommunications Fund, Inc. Announces Performance Data and Portfolio Composition
February 04 2010 - 3:54PM
PR Newswire (US)
PHILADELPHIA, Feb. 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 December 31, 2009. The Fund's total
returns for various periods through December 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 271.1 7.8 225.0 7.0 (June
1992) 10-years 17.2 1.6 32.0 2.8 5-years 73.9 11.7 73.0 11.6
3-years -0.4 -0.1 -6.0 -2.0 1-year 26.0 23.6 On December 31, 2009,
the Fund's net assets amounted to US$154.8 million and the Fund's
NAV per share was $18.78. As of December 31, 2009, the portfolio
was invested as follows: Portfolio Composition Geographic Exposure
% Hong Kong 11.9 Mexico 9.5 India 9.1 Taiwan 8.7 Russia 8.5
Indonesia 7.4 Israel 5.9 Portugal 4.9 Malaysia 4.5 Singapore 4.3
Thailand 4.3 South Africa 4.1 United States 3.9 Hungary 3.8 Chile
3.2 Kenya 2.9 Croatia 2.6 Brazil 0.5 The Fund's ten largest equity
holdings as of December 31, 2009, representing 66.2% of net assets,
were: Stock Percent of Net Assets China Mobile Limited 11.2 America
Movil SAB de CV 9.5 Bharti Airtel Limited 9.0 Taiwan Mobile Company
Limited 8.2 Bezeq Israeli Telecommunications Corporation Limited
5.1 Portugal Telecom SPGS SA 4.9 Telekomunikasi TBK 4.9 Mobile
Telesystems OJSC 4.6 Digi.com Berhad 4.5 Advanced Information
Services Company Limited 4.3 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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