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# Aberdeen Singapore Fund, Inc. (NYSE: SGF)
  (EDT)
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Daily Data

At close Aug 28, 2014

NAV$14.97
Market Price$13.32
Premium/(Discount)-11.02%
Unadjusted NAV**$14.98

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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Aberdeen Singapore Fund, Inc. (NYSE: SGF)**

Investment Objective

The Fund’s investment objective is long-term capital appreciation which it seeks through investment primarily in Singapore equity securities.

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

 

Asia-Pacific ex Japan Equities Video Update

Aberdeen's Hugh Young gives an update on the Asia-Pacific region and discusses why Aberdeen believes the positive outlook for Asia will remain intact for 2014.

Important Information

 
 

Aberdeen Singapore Fund, Inc. Webcast Update

Investment Manager James Thom gives an overview of the Aberdeen Singapore Fund, Inc. and provides some commentary on the outlook for the rest of 2014.

 
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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The Aberdeen Singapore Fund, Inc. (SGF) Fund Manager Interview

Senior Investment Manager Kristy Fong speaks about the Singaporean government’s on-going restructuring efforts, current equity valuations and expectations for fundamentals of Singapore companies, and why Aberdeen believes Singapore’s economy may benefit from a global recovery.

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Fund Managers’ Monthly Report

June 2014

  • Singapore stocks fell in June as rising geopolitical tensions in Iraq drove oil prices higher, and domestic economic data was mixed. Paring losses were dovish monetary policy comments from the U.S. Federal Reserve, while the European Central Bank (ECB) cut its benchmark interest rate.
  • Domestic mergers-and-acquisitions (M&A) activity in Singapore in the first half of 2014 hit an alltime high of US$35.9 billion, with the real estate sector contributing most.1 Conversely, initial public offering (IPO) activity fell 75% over the same period amid a tepid market.2
  • In Fund-related news, conglomerate Keppel Corp. signed a US$750 million deal to perform the world’s first conversion of a liquefied natural gas carrier into a floating liquefaction vessel.
  • SingTel will spend S$448 million (roughly US$360 million) to bolster its digital advertising arm, Amobee, with acquisitions of Adconion, which adds multi-channel digital advertising solutions, and Kontera, which provides real-time digital content analysis.
  • Scoot, owned by Fund holding Singapore Airlines (SIA) and Thailand’s Nok Air, agreed to invest S$80 million to form NokScoot Airlines, a budget carrier based in Bangkok. Both companies will own 49% each, while Nok Air’s management will hold 2%. Also positive for SIA is Changi Airport’s one-year extension of discounts for ground services. In addition, there will be new incentives to foster the growth of passenger traffic.
  • During the month, we initiated a position in CapitaLand as we feel that it has an attractive valuation and an improved company structure, following the company’s privatization of CapitaMalls Asia and its sale of Australand. We believe that a more focused management will be better placed to unlock shareholder value.

1, 2 Source: Thomson Reuters, June 2014

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**** As of 11/01/2013, Fund name changed from The Singapore Fund, Inc.

**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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