The Emerging Markets Telecommunications Fund, Inc. Announces Performance Data and Portfolio Composition
January 06 2010 - 3:13PM
PR Newswire (US)
PHILADELPHIA, Jan. 6 /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 November 30, 2009. The Fund's total
returns for various periods through November 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 266.0 7.7 221.3 6.9 (June
1992) 10-years 47.0 3.9 66.7 5.2 5-years 79.4 12.4 84.6 13.0
3-years 3.7 1.2 -0.4 -0.1 1-year 30.1 45.1 On November 30, 2009,
the Fund's net assets amounted to US$153.9 million and the Fund's
NAV per share was $18.66. As of November 30, 2009, the portfolio
was invested as follows: Portfolio Composition Geographic Exposure
% Hong Kong 12.2 Mexico 10.0 Russia 8.9 Taiwan 8.5 India 8.4
Indonesia 7.4 Israel 5.5 Portugal 4.9 Malaysia 4.6 Singapore 4.2
South Africa 4.1 Thailand 4.1 Hungary 4.0 United States 3.8 Kenya
3.2 Chile 3.0 Croatia 2.7 Brazil 0.5 The Fund's ten largest equity
holdings as of November 30, 2009, representing 65.9% of net assets,
were: Stock Percent of Net Assets China Mobile Limited 11.5 America
Movil SAB de CV 10.0 Bharti Airtel Limited 8.4 Taiwan Mobile
Company Limited 8.0 Mobile Telesystems OJSC 4.9 Portugal
Telecommunications SPGS SA 4.9 Telekomunikasi TBK 4.8 Bezeq Israeli
Telecommunications Corporation Limited 4.6 Digi.com Berhad 4.6
Singapore Telecommunications 4.2 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:
DATASOURCE: The Emerging Markets Telecommunications Fund, Inc.
CONTACT: Aberdeen Asset Management Inc., Investor Relations,
1-866-839-5205,
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