Corporate Social Responsibility | Business Wire | PR NewsWire | Marketwire | Realwire | ACN/JCN newswire | 247pressrelease | PRWeb

The Emerging Markets Telecommunications Fund, Inc. Announces Performance Data and Portfolio Composition

Posted : Mon, 02 Nov 2009 17:26:56 GMT
Author : The Emerging Markets Telecommunications Fund, Inc.
Category : Press Release
News Alerts by Email ( click here )
News | Home
PHILADELPHIA, Nov. 2 PA-Aberdeen-ETF-data

PHILADELPHIA, Nov. 2 /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 September 30, 2009.

The Fund's total returns for various periods through September 30, 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       270.5           7.9          243.3              7.4
    (June 1992)
    10-years               83.4           6.3          121.2              8.3
    5-years               104.7          15.4          125.1             17.6
    3-years                22.9           7.1           27.3              8.4
    1-year                        1.4                            19.7

On September 30, 2009, the Fund's net assets amounted to US$155.8 million and the Fund's NAV per share was $18.89.

As of September 30, 2009, the portfolio was invested as follows:

    Portfolio Composition                      Geographic Exposure %


    Hong Kong                                          12.6
    Russia                                              9.9
    India                                               9.4
    Mexico                                              9.0
    Taiwan                                              8.3
    Indonesia                                           7.2
    United States                                       5.8
    South Africa                                        5.5
    Israel                                              5.3
    Malaysia                                            4.5
    Singapore                                           4.5
    Thailand                                            4.4
    Hungary                                             4.3
    Portugal                                            4.3
    Chile                                               2.8
    Poland                                              1.7
    Brazil                                              0.5

The Fund's ten largest equity holdings as of September 30, 2009, representing 65.7% of net assets, were:

    Stock                            Percent of Net Assets

    China Mobile Limited                     11.9
    Bharti Airtel Limited                     9.4
    America Movil SAB de CV                   9.0
    Taiwan Mobile Company Limited             7.8
    Vimpel Communications                     5.5
    Singapore Telecommunications              4.5
    Advanced Info Service                     4.4
    Digi.com Berhad                           4.4
    Mobile Telesystems OJSC                   4.4
    Telekomunikasi TBK                        4.4

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: InvestorRelations@aberdeen-asset.com

SOURCE The Emerging Markets Telecommunications Fund, Inc.


Copyright © 2008 PR Newswire. All rights reserved.

Share/Save/Bookmark

Article : The Emerging Markets Telecommunications Fund, Inc. Announces Performance Data and Portfolio Composition
Print this article
Share this article

Stay Updated

News gadget on your Google homepage
Subscribe to a news feed in Google Reader



Related News

ClearOne Granted Amended Permanent Injunction Order in Federal Trade Secret Misappropriation Case; Contempt Order Issued Against DialHD, Inc., Wideband Solutions, Inc., and Others
SALT LAKE CITY, Nov. 22 -- (Nasdaq: CLRO) An Amended Permanent Injunction was issued by the federal court on November 19, 2009, in favor of ClearOne, expanding the scope of an earlier entered permanent injunction to apply to, among others, the products of Dial...

Jimmie Johnson Makes History By Capturing Fourth Consecutive Sprint Cup Title
HOUSTON, Nov. 22 /PRNewswire/ -- Hendrick Motorsports driver Jimmie Johnson made history on Sunday by capturing his fourth consecutive NASCAR Sprint Cup Series championship. For the fourth year in a row, he powered his No. 48 Lowe's Chevrolet to the highest level in NASCAR comp...

Flood victim pensioners and uninsured to get free expert assistance from Claimtech
The latest UK flooding will no doubt reflect the terrible treatment the flood victims received in the Carlisle 2004 and 2007 NE floods. Today as then, the UK still has no recognised training or standards for the flood restoration industry and properties can be left with health hazards and ...

Endsleigh Reveals the Main Causes of Car Accidents in Winter
The weather has turned for the worse in the UK as winter tightens its grip and during the colder months driving does become more hazardous, but by adhering to some of these tips from Endsleigh Car Insurance it doesn’t have to be./I/P P(PRWeb UK) November 22, 2009 -- Here are some ...

Terra Industries Board of Directors Comments on CF Industries’ Latest Approach
SIOUX CITY, Iowa - Terra Industries Inc. (NYSE:TRA) today announced that, over the weekend, CF Industries Holdings, Inc. (NYSE: CF) submitted a proposed merger agreement to Terra, containing the same economic terms as its most recent proposal from November 1, together with a 30-day “go

REMINDER: Media Advisory: LAX FlyAway(R) Service Formally Inaugurates Daily Nonstop Bus Service to Irvine, Six Times Daily
LOS ANGELES, CA -- 11/22/09 -- WHAT: Los Angeles Mayor Antonio R. Villaraigosa will be joined by officials from the City of Irvine and Orange County transportation agencies to formally inaugurate the ne..

Maxprog Releases New MaxBulk Mailer 7
Maxprog is proud to present a new release of MaxBulk Mailer, new version 7, available now on Maxprog website with several interesting new features and improvements. MaxBulk Mailer is an email-merge solution for Macintosh and Windows that supports plain text, HTML and rich text formats includi...

Have your Say
Name
Email
Subject
Your Comment

Enter Verification code
 
  

 
Follow The Earth Times
Subscribe to RSS Follow Earth Times on TwitterNews by email
Share/Save/Bookmark
 
 



 
Subscribe to free Earthtimes
News Alerts by Email Click here
For RSS Feeds Click here
or Create your own RSS

Add to Google Toolbar
Breaking News
Press Releases

 


The Earth Times
News Category

© 2009 www.earthtimes.org, The Earth Times, All Rights Reserved | Privacy Policy
Earth Times accept no responsibility or liability either directly or indirectly for views or opinions expressed in articles or comments.