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# The Asia Tigers Fund, Inc. (NYSE: GRR)
  (EDT)
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Daily Data

At close Sep 15, 2014

NAV$13.74
Market Price$12.30
Premium/(Discount)-10.48%
Unadjusted NAV**$13.74

The NAV information is provided by the Fund's accounting agent. The price is as reported by the exchange on which the Fund trades. This information is unaudited and neither Aberdeen Asset Management PLC, its wholly owned subsidiaries, the Funds, nor any other person guarantees their accuracy.

 
 

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The Asia Tigers Fund, Inc. (NYSE: GRR)

Investment Objective

The Fund’s investment objective is long-term capital appreciation, which it seeks to achieve by investing primarily in equity securities of Asian companies.

For more detailed information on the specific risks associated with this fund, please view the Important Risk Considerations tab.

 

Asia-Pacific ex Japan Equities: Evaluating the risks and opportunities

Hugh Young covers some of the recent developments within the Asian economy. Hugh speaks to how the current global slowdown may be affecting the Asian region and touches on how China may be dealing with a slowdown of its own.

 
 

Aberdeen Asia Tigers Fund, Inc. Webcast Update

Aberdeen’s Adrian Lim speaks to the recent performance and positioning of the Aberdeen Asia Tigers Fund, Inc. (GRR) and provides some macroeconomic commentary and a 2014 outlook for the Asian region.

 
Hugh Young

Asian Equities Fund Manager Interview

The Association of South East Asian Nations (ASEAN) region has been a major part of Aberdeen’s Asian equity portfolios for quite some time. Aberdeen’s Head of Asian Equities, Hugh Young, speaks to the equity performance of ASEAN countries and explains why he believes the ASEAN region presents compelling investment opportunities.

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Aberdeen Asian Equities

Aberdeen's Hugh Young speaks to why he believes the Asian region has compelling investment prospects and gives some insight into Aberdeen's equity investment philosophy. To view the full replay, visit our Aberdeen Insights channel

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Fund Managers’ Monthly Report

July 2014

  • Asian equities rose in July as markets focused on improved Chinese economic data, augmented by targeted easing measures and the government redoubling its anti-corruption and reform drive. In Indonesia, Joko Widodo won the presidential election, although his opponent Prabowo Subianto subsequently mounted a legal challenge.
  • In Fund-related news, Samsung Electronics reported weak second-quarter results, led by declining profitability in handsets. This was partially mitigated by good performance in the DRAM (dynamic random access memory) business and higher sales of its premium products in display and consumer electronics. Taiwan Semiconductor Manufacturing’s results benefited from robust wafer demand. Although profitability rose to a record following better capacity utilization, management provided a more cautious outlook for 2015.
  • Singapore lender OCBC garnered enough shares to de-list Hong Kong lender Wing Hang despite hedge fund Elliott Management’s attempt to block the privatization. We are positive about OCBC’s expansion into greater China.
  • In July, we established a new holding in Indian conglomerate ITC, which has a dominant position in the cigarette market. The company has been using robust cash flows from this business to invest in other growth opportunities such as fast-moving consumer goods. We also initiated a position in Yum! Brands, a market- leading, multi-brand, quick-service restaurant operator, which generates more than half of its revenues from Asia and, we believe, has good long-term potential in key markets like China and India. The stock trades at a reasonable valuation relative to the sector, with a 2% yield. We added to OCBC and ST Engineering in Singapore on relative share price weakness. Conversely, we pared the position China Mobile on share price strength.

* An extraordinary general meeting of a company's shareholders, executives and any other members is usually called on short notice and deals with an urgent matter.

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**Disclaimer

Pursuant to valuation policies adopted by the Board of Directors of the Fund, the Fund values foreign equity securities that primarily trade in certain markets that close ahead of the Fund’s daily 4:00 pm Eastern net asset value (“NAV”) calculation time at their fair values using prices provided by third-party independent pricing services. The fair value of each such security generally is calculated by applying a valuation factor provided by the independent pricing service to the last sales price for that security, or, if, the pricing service is unable to provide a fair value for a security, at the price at the close of the exchange on which it is principally traded, subject to adjustment by the Fund’s Pricing Committee. These daily fair valuations seek to reflect information available after the local market close that may affect the value of the foreign equity securities held by the Fund. As a result, this official NAV calculation reflects adjustments that may cause it to vary from a calculation based solely on closing prices. In contrast, the “Unadjusted NAV” of the Fund (shown above) is for informational purposes only and is computed using the closing prices on the relevant exchange. It does not reflect any daily fair valuation adjustments of the Fund’s foreign securities. The Unadjusted NAV does not represent the official NAV of the Fund, nor is the Unadjusted NAV used for Fund accounting or performance purposes. Investors should not rely upon the Unadjusted NAV when making their investment decisions.

 
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