Aberdeen Emerging Markets Telecommunications and Infrastructure Fund, Inc. Unveils Latest Performance Data and Portfolio Composition

By Jayashree Adkoli

TMCnet Contributor

 

Aberdeen (News - Alert) Emerging Markets Telecommunications and Infrastructure Fund, Inc. (the "Fund") - a closed-end equity fund - has unveiled its latest performance data and portfolio composition as of December 31, 2011.

Aberdeen Asset Management is an independent asset manager aiming superior investment performance. With a workforce of 1,800 staff across 24 countries, the firm's primary objective is to deliver superior fund performance across diverse asset classes.

As indicated by the announced performance data, the Fund's annualized market price total returns since inception was 6.8 percent and the cumulative market price total returns since inception was 259.7.

The Fund's annualized market price total returns since 10 years were 10.4 percent and the cumulative market price total returns since 10 years was 170.0. The Fund's annualized market price total returns since 5 years were 0.8 percent and the cumulative market price total returns since 5 years was 4.1 percent. The Fund's annualized market price total returns since 3 years were 11.0 percent and the cumulative market price total returns since 3 years was 36.8 percent.

As on December 31, 2011, the Fund's net assets amounted to US$161.4 million and the Fund's NAV per share was $19.58.

The Fund's major invested portfolio composition is as follows: Mexico leads with a geographic exposure of 9.2 percent, followed by Taiwan with a geographic exposure of 8.9percent, followed by China with 8.1 percent.

Other major compositions include India with 8.1 percent of geographic exposure; Malaysia with 7.2 percent; Thailand with 7.0 percent; South Africa with 6.6 percent; Brazil with 5.8 percent; Indonesia with 5.5 percent; Hong Kong with 4.9; South Korea with 4.4; Russia with 3.9; Morocco with 3.2 percent; United States with 2.6 percent; Israel with 2.6 percent; Turkey with 2.6 percent; Chile with 2.3 percent; and Asia with 0.1 percent.

The Fund's ten largest equity holdings as of December 31, 2011, representing 59.1 percent of net assets, include: Taiwan Mobile Company, Ltd. with 8.9 percent; America Movil SAB de C.V. with 8.3 percent; China Mobile Limited with 8.1 percent; MTN (News - Alert) Group Limited with 6.6 percent; DiGi.com Berhad with 6.1 percent; Advanced Info Service PCL with 5.5 percent; Bharti Airtel Limited with 4.5 percent; Samsung (News - Alert) Electronics Company, Ltd. with 4.4 percent; PT Telekomunikasi Indonesia TBK with 3.5 percent; and Maroc Telecom with 3.2 percent.

According to Aberdeen Asset Management Inc., it has prepared this report based on information sources believed to be accurate and reliable.