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

At close Jul 30, 2014

Market Price$13.26
Unadjusted NAV**$14.99

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

May 2014

  • The Singapore stock market gained on healthy domestic economic data in May, and anticipation of fresh monetary stimulus by the European Central Bank. Meanwhile, the U.S. Federal Reserve (Fed) also hinted that it was in no hurry to raise interest rates.
  • The Purchasing Managers’ Index, a leading indicator for factory output, rose to the highest level in six months on new orders and resilient export demand. Meanwhile, inflation accelerated to 2.5% mainly due to higher costs linked to car purchases.
  • Local stocks with exposure to public bus transport (we hold ComfortDelGro) saw sharp rises as the government made sweeping changes towards a model that should reward higher quality standards with more predictable profit margins. The state will buy all the operating assets and collect all fares, while paying out contractual rates to private bus companies, in effect taking away revenue risk and making them asset-light. We are pleased that these changes will allow bus operators to make healthy earnings and focus squarely on improving service such as ensuring shorter waiting times.
  • News that China’s biggest e-commerce company Alibaba will buy a 10.35% stake in SingPost bolstered its share price. The partnership, together with the net proceeds from a share issuance, will enable the company to strengthen its regional revenue streams and grow its logistics business much faster.
  • We sold out of CapitaMalls Asia after CapitaLand’s unconditional cash offer to privatize the stock. With the proceeds, we added to existing holdings, including Venture and Jardine Strategic, on attractive valuations.
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Section 16 Filings
**** As of 11/01/2013, Fund name changed from The Singapore Fund, Inc.


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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