Aberdeen Japan Equity Fund, Inc. Announces Performance Data And Portfolio Composition

Logo

Aberdeen Japan Equity Fund, Inc. Announces Performance Data And Portfolio Composition

PR Newswire

PHILADELPHIA, Sept. 22, 2017 /PRNewswire/ — Aberdeen Japan Equity Fund, Inc. (the “Fund”) (NYSE: JEQ), a closed-end equity fund, announced today its performance data and portfolio composition as of August 31, 2017. 

Aberdeen Asset Management Inc. At Aberdeen, asset management is our business. We only manage assets for clients, allowing us to focus solely on their needs and deliver independent, objective investment advice. We know global markets from the local level upwards, drawing on more than 1,900 staff, across 32 offices in 23 countries. Investment teams are based in the markets or regions where they invest, delivering local perspective in a global investment environment. (PRNewsFoto/Aberdeen Asset Management Inc.)

The Fund’s total returns for various periods through August 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 08/31/17

Annualized as of 08/31/17

1 Month

3 Month

YTD

1 Year

3 Years

5 Years

10 Years

Since Inception

NAV

-0.1

1.7

14.6

9.3

9.4

14.5

2.9

2.1

Market Price

0.8

3.0

18.2

12.1

9.6

14.4

2.5

1.7

TOPIX

0.3

3.8

14.2

16.8

8.3

11.8

2.6

3.2

On August 31, 2017, the Fund’s net assets amounted to US$129.5 million and the Fund’s NAV per share was US$9.68.

As of August 31, 2017, the portfolio was invested as follows:


Portfolio Composition


Percent of
Net Assets

Consumer Staples

19.4

Industrials

18.8

Consumer Discretionary

14.6

Information Technology

10.8

Health Care

10.5

Materials

8.9

Financials

7.3

Real Estate

5.1

Telecommunications

3.8

Cash

0.7

The Fund’s ten largest equity holdings as of August 31, 2017, representing 41.4% of net assets, were:


Stock


Percent of



Net Assets

Keyence Corp.

5.6

Shin-Etsu Chemical

5.4

Japan Tobacco

4.7

Seven & I Holdings

4.1

KDDI Corp.

3.8

Nabtesco Corp.

3.8

Fanuc

3.7

Amada Holdings

3.6

Yahoo Japan

3.6

Pigeon Corp.

3.1

Important Information

Aberdeen Asset Management Inc. (the “Administrator”) has prepared this report based on information sources believed to be accurate and reliable. All reasonable care has been taken to ensure accuracy. 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 24, 1992.

If you wish to receive this information electronically, please contact: InvestorRelations@aberdeen-asset.com

View original content with multimedia:http://www.prnewswire.com/news-releases/aberdeen-japan-equity-fund-inc-announces-performance-data-and-portfolio-composition-300524540.html

SOURCE Aberdeen Japan Equity Fund, Inc.

Aberdeen Latin America Equity Fund, Inc. Announces Performance Data And Portfolio Composition

Logo

Aberdeen Latin America Equity Fund, Inc. Announces Performance Data And Portfolio Composition

PR Newswire

PHILADELPHIA, Sept. 22, 2017 /PRNewswire/ – Aberdeen Latin America Equity Fund, Inc. (the “Fund”) (NYSE MKT: LAQ), a closed-end equity fund, announced today its performance data and portfolio composition as of August 31, 2017.

Aberdeen Asset Management Inc. At Aberdeen, asset management is our business. We only manage assets for clients, allowing us to focus solely on their needs and deliver independent, objective investment advice. We know global markets from the local level upwards, drawing on more than 1,900 staff, across 32 offices in 23 countries. Investment teams are based in the markets or regions where they invest, delivering local perspective in a global investment environment. (PRNewsFoto/Aberdeen Asset Management Inc.)

The Fund’s total returns for various periods through August 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
08/31/17

Annualized as of 08/31/17

1
Month

3
Month

YTD

1
Year

3
Years

5
Years

10
Years

Since
Inception

NAV

5.0

15.0

30.7

24.9

-2.5

1.0

3.4

10.2

Market Price

6.9

15.2

35.1

27.8

-2.8

0.9

3.5

9.7

MSCI Emerging
Markets Latin America

4.6

14.1

25.0

23.1

-5.1

-1.2

0.5

10.21

On August 31, 2017, the Fund’s net assets amounted to US$221.6 million and the Fund’s NAV per share was US$29.75.

As of August 31, 2017, the portfolio was invested as follows:


Portfolio Composition


Percent of
Net Assets

Financials

27.2

Consumer Staples

21.6

Consumer Discretionary

13.8

Industrials

11.8

Materials

7.6

Real Estate

7.3

Energy

5.2

Information Technology

2.6

Health Care

1.5

Cash

1.5

 


Portfolio Composition


Geographic Exposure %

Brazil

61.5

Mexico

21.1

Chile

10.8

Argentina

2.5

Peru

1.8

Colombia

1.5

United States

0.8

The Fund’s ten largest equity holdings as of August 31, 2017, representing 47.3% of net assets, were:


Stock


Percent of


Net Assets

Banco Bradesco

7.4

Itau Unibanco

7.1

Lojas Renner

5.4

AMBEV

4.7

Multiplan Empreendimentos

4.2

FEMSA

4.0

Grupo Financiero Banorte

3.8

Ultrapar Participacoes

3.7

Vale

3.5

S.A.C.I. Falabella

3.3

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 Managers 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.

The Investment Adviser 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 Adviser and Administrator are each an indirect subsidiary of Standard Life Aberdeen plc, but otherwise did not change. The investment advisory 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 October 30, 1991.

If you wish to receive this information electronically, please contact: InvestorRelations@aberdeen-asset.com

1 For the MSCI Emerging Markets Latin America benchmark, the returns provided for since inception are based on month-end level valuations as of October 31, 1991.

View original content with multimedia:http://www.prnewswire.com/news-releases/aberdeen-latin-america-equity-fund-inc-announces-performance-data-and-portfolio-composition-300524533.html

SOURCE Aberdeen Latin America Equity Fund, Inc.

Mountain America Awards over $14,000 in PTA Grants for 2017

WEST JORDAN, Utah, Sept. 22, 2017 (GLOBE NEWSWIRE) — Mountain America Credit Union is proud to announce it has awarded over $14,000 in grants to teachers and PTA professionals in K-12 classrooms. The Mountain America Credit Union PTA Grants were awarded to nine educational professionals, including teachers and PTA leaders. Up to $1,500 was awarded to each grant winner. To be eligible, recipients had to be members of both Mountain America and their local PTA.

This year’s recipients are Lori Green, Majestic Elementary (PTA president); Linda Tognoni, Park Lake Elementary (special education teacher); Jessica Payne, Windridge Elementary (teacher); Hailey Dean, Snow Spring Elementary (school computer specialist); Alyssa Powers, Peruvian Park Elementary (music teacher); Stephanie Olsen, Snow Springs Elementary (teacher); Laura Murdock, West Jordan Elementary (PTA president); Laura Bautista, Bloomington Elementary (teacher); Bernadette Nanez, Ernest Stapleton Elementary (teacher). The funds will be used for a wide variety of classroom purposes, including a school-wide science fair, purchasing wobble chairs that are beneficial to learning for students dealing with anxiety, ADHD, ADD, and autism, and buying books to create a classroom reading area.

“Mountain America understands the importance of education as an investment in our communities and all our children’s futures,” says Spencer Carver, assistant vice president SEG development. “We are so proud to offer these grants to help support educational professionals in further enhancing the educational experience for students.”

Mountain America will again be accepting applications in Spring 2018. Further details can be found at https://www.macu.com/scholarships.

About Mountain America Credit Union
With more than 680,000 members and $6.7 billion in assets, Mountain America Credit Union assists members on the right path to help them identify and achieve their financial dreams. Mountain America provides consumers and businesses with a variety of convenient, flexible products and services, as well as sound, timely advice. Members enjoy access to secure, cutting-edge mobile banking technology, 87 branches across five states, thousands of shared-branching locations nationwide and more than 50,000 surcharge-free ATMs. Mountain America—safely guiding you forward along your financial journey. Learn more at macu.com.

Media Contact:         
Tony Rasmussen
801-325-6430
trasmussen@macu.com