The Emerging Markets Telecommunications Fund, Inc. Announces Performance Data and Portfolio Composition
September 02 2009 - 2:57PM
PR Newswire (US)
PHILADELPHIA, Sept. 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 July 31, 2009. The Fund's
total returns for various periods through July 31, 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 255.0 7.7 220.7 7.1 (June 1992) -----
--- ----- --- ---------- 10-years 71.6 5.5 100.7 7.2 -------- ----
--- ----- --- 5-years 108.5 15.8 119.2 17.0 ------- ----- ----
----- ---- 3-years 27.2 8.4 31.0 9.4 ------- ---- --- ---- ---
1-year -18.8 -16.6 ------ ----- ----- On July 31, 2009, the Fund's
net assets amounted to US$149.3 million and the Fund's NAV per
share was $18.10. As of July 31, 2009, the portfolio was invested
as follows: Portfolio Composition Geographic Exposure %
--------------------- --------------------- South Africa 14.1
------------ ---- Mexico 12.8 ------ ---- Hong Kong 11.9 ---------
---- Russia 10.3 ------ ---- Brazil 8.3 ------ --- United States
7.0 ------------- --- South Korea 5.8 ----------- --- China 4.5
----- --- Taiwan 4.5 ------ --- Indonesia 4.3 --------- --- Israel
4.1 ------ --- Turkey 2.3 ------ --- Egypt 2.0 ----- --- Poland 1.6
------ --- Philippines 1.4 ----------- --- Thailand 1.4 --------
--- Czech Republic 1.3 -------------- --- Chile 1.2 ----- --- India
0.9 ----- --- Malaysia 0.3 -------- --- The Fund's ten largest
equity holdings as of July 31, 2009, representing 56.7% of net
assets, were: Stock Percent of ----- Net Assets ---------- MTN
Group Ltd. 11.8 -------------- ---- America Movil SAB de CV 11.3
----------------------- ---- China Mobile Ltd. 7.4
----------------- --- Mobile Telesystems OJSC 4.8
----------------------- --- Vimpel Communications 4.2
--------------------- --- Telekomunikasi TBK 3.8 ------------------
--- China Unicom (Hong Kong) Ltd. 3.7 -----------------------------
--- China Telecom Corp. Ltd. 3.3 ------------------------ ---
Chunghwa Telecom Co. Ltd. 3.3 ------------------------- --- KT
Corp. 3.1 -------- --- 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 Investment
Services Limited (the Investment Manager and 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. Inception date June 17, 1992. If you wish to receive this
information electronically, please contact: DATASOURCE: The
Emerging Markets Telecommunications Fund, Inc. CONTACT: Investor
Relations, Aberdeen Asset Management Inc., +1-866-839-5205,
Copyright