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

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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

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SOURCE Aberdeen Japan Equity Fund, Inc.

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

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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.

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SOURCE Aberdeen Latin America Equity Fund, Inc.

CI Financial Corp. announces new debenture financing

CI Financial Corp. announces new debenture financing

Canada NewsWire

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

TSX Symbol: CIX

TORONTO, Sept. 21, 2017 /CNW/ – CI Financial Corp. (“CI”) announced today that it has entered into an agreement to sell debt securities with an aggregate principal amount of $250 million. The debt securities have a term of 10 years and carry an interest rate of 3.904% payable semi-annually.

The debentures have a provisional rating of A- by Standard & Poor’s and A (low) by DBRS.

The offering is being made under CI’s previously filed shelf prospectus dated December 21, 2015, and is being led by CIBC Capital Markets. CI intends to use the net proceeds of the offering to fund the $230 million cash component of the purchase price payable by CI in connection with the previously announced acquisition of Sentry Investments Corp. and its subsidiary, Sentry Investments Inc. (the “Sentry Acquisition”), and for general corporate purposes. The Sentry Acquisition is expected to close on or about October 2, 2017, subject to customary closing conditions including applicable regulatory approvals.

The closing of the offering is scheduled for September 27, 2017 and is subject to certain customary conditions.

The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

CI Financial Corp. (TSX: CIX) is an independent, Canadian-owned wealth management company with approximately $160.7 billion in fee-earning assets as of August 31, 2017. CI’s primary operating businesses are CI Investments Inc., one of Canada’s largest investment managers, advisory businesses Assante Wealth Management and Stonegate Private Counsel, Grant Samuel Funds Management of Australia, and First Asset Investment Management, a leader in providing actively managed exchange-traded funds to the Canadian marketplace. Further information is available at www.cifinancial.com.

This press release contains forward-looking statements with respect to CI, the Sentry Acquisition and the offering of its debt securities, including in relation to the anticipated closing dates and use of the net proceeds of the offering. Although management believes that the expectations reflected in such forward-looking statements are reasonable, such statements involve risks and uncertainties. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from expectations include, among other things, general economic and market factors, including interest rates, business competition, changes in government regulations or in tax laws, inability to satisfy closing conditions and other factors discussed in materials filed with applicable securities regulatory authorities from time to time.

SOURCE CI Financial Corp.

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