Aberdeen Australia Equity Fund, Inc. Announces Performance Data And Portfolio Composition - CBS 5 - KPHO

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

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SOURCE Aberdeen Australia Equity Fund, Inc.

PHILADELPHIA, April 1, 2014 /PRNewswire/ -- Aberdeen Australia Equity Fund, Inc. (the "Fund") (NYSE MKT: IAF), a closed-end equity fund, announced today its performance data and portfolio composition as of February 28, 2014.

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.

The Fund's total returns for various periods through February 28, 2014 are provided below.  (All figures are based on distributions reinvested at the dividend reinvestment price and are stated net-of-fees):


Cumulative as of 02/28/14

(%)

Annualized as of 02/28/14

(%)


1 Month

3 Month

YTD

1 Year

3 Years

5 Years

10 Years

Since Inception

NAV

7.5

0.9

2.9

-7.9

0.0

17.5

9.3

8.1

Market Price

6.5

-7.6

6.3

-11.8

-0.4

19.6

10.4

8.1

S&P/ASX 200

7.7

0.5

1.8

-3.3

4.1

23.1

11.2

11.6

 

The Fund's returns, which are denominated in U.S. dollars, are affected by the performance of the U.S. dollar against the Australian dollar. 

On February 28, 2014, the Fund's net assets amounted to US$203.0 million and the Fund's NAV per share was $8.85.

As of February 28, 2014, the portfolio was invested as follows:

Portfolio Composition

Percent of

Net Assets

 Financials

35.0

 Materials

23.0

 Consumer Staples

9.1

 Utilities

8.1

 Energy

6.4

 Health Care

5.2

 Telecommunication Services

3.9

 Information Technology

3.1

 Consumer Discretionary

1.4

 Other Assets in Excess of Liabilities

4.8

 

The Fund's ten largest equity holdings as of February 28, 2014, representing 61.7% of total assets, were:

Stock

Percent of

Total Assets

BHP Billiton PLC

11.8

Rio Tinto PLC

8.2

Australia & New Zealand Banking Group Ltd.

6.7

Commonwealth Bank of Australia

6.3

Woolworths Ltd.

5.8

Westfield Group

4.9

AMP Ltd.

4.8

QBE Insurance Group Ltd.

4.6

ASX Ltd.

4.4

SP AusNet

4.2

 

Important Information
Aberdeen Asset Management Inc., the Fund's 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 Management Asia Limited (the Investment Manager), Aberdeen Asset Management 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.

Investors should consider a fund's investment objectives, risks, charges and expenses carefully before investing. A copy of the prospectus for Aberdeen Australia Equity Fund, Inc. that contains this and other information about the fund may be obtained by calling 866-839-5205. Please read the prospectus carefully before investing. Investing in funds involves risk, including possible loss of principal.

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 December 12, 1985.

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

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