Aberdeen Australia Equity Fund, Inc. (the “Fund”) (NYSE AMEX: IAF), a closed-end equity fund, announced today its performance data and portfolio composition as of June 30, 2011.
The Fund’s total returns for various periods through June 30, 2011 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 %|
|Since inception (December 1985)||797.4||9.0||859.5||9.3|
The Fund’s returns, which are denominated in U.S. dollars, are affected by the performance of the U.S. dollar against the Australian dollar. On June 30, 2011, the Fund’s net assets amounted to US$254.6 million and the Fund’s NAV per share was $11.56. As of June 30, 2011, the portfolio was invested as follows:
|Portfolio Composition||Percent of Net Assets|
|Other Assets in Excess of Liabilities||0.9|
The Fund's ten largest equity holdings as of June 30, 2011, representing 62.2% of total assets, were:
|Stock||Percent of Total Assets|
|BHP Billiton Limited||11.1|
|QBE Insurance Group Limited||7.6|
|Commonwealth Bank of Australia Limited||6.8|
|Rio Tinto Limited||6.4|
|Australia & New Zealand Banking Group Limited||6.1|
|AGL Energy Limited||4.8|
|Westpac Banking Corporation Limited||4.6|
|Singapore Telecommunications Limited||3.7|
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