#
# Aberdeen
Aberdeen Emerging Markets Smaller Company Opportunities Fund, Inc. (NYSE MKT: ETF)
  (EDT)
» Closed-End Fund Center

Keep up-to-date with your closed-end fund investments and world markets with Aberdeen’s range of email services.

sign up now Account Access
 

Daily Data

At close Apr 23, 2014

NAV$14.98
Market Price$13.32
Premium/(Discount)-11.08%
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.

 
 

Request Information

If you require further information on any of our Closed-End Funds:

 

Email Us

investorrelations@aberdeen-asset.com
 

Telephone

1-866-839-5205

 

Aberdeen Emerging Markets Smaller Company Opportunities Fund, Inc. (NYSE MKT: ETF)**

Investment Objective

The Fund’s investment objective is to seek long-term capital appreciation. The Fund’s investment policy is to invest at least 80% of the Fund’s net assets in equity securities of emerging market smaller company issuers.

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

Investment Policies

The principal investment objective of the Fund is long-term capital appreciation through investing primarily in equity securities of emerging market smaller company issuers.

The information contained above provides only a brief summary description of the Fund's investment objective and investment policies.

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

 

Aberdeen Emerging Markets Smaller Company Opportunities Fund, Inc. Webcast Replay

Mark Gordon-James, Senior Investment Manager on Aberdeen's Emerging Markets Equity Team, gives an update on the Aberdeen Emerging Markets Smaller Company Opportunities Fund, Inc. James speaks to current Fund positioning, gives market commentary and speaks to why Aberdeen believes emerging market companies still offer value despite the recent downturn in the asset class.

 
 

Emerging Markets Equities Video Update

Devan Kaloo, Aberdeen's Head of Global Emerging Markets, speaks to the recent slowdown in emerging market equities and explains why he believes the asset class offers value in the long run.

Important Information

 
 

Fund Managers’ Monthly Report

February 2014

 
  • Smaller companies in emerging stock markets rebounded along with their large-cap peers in February after months of volatility. Recent signs of weakness in the U.S. economy reinforced hopes that the Federal Reserve will maintain a loose monetary policy while concerns over tapering of its asset purchase program eased. However, Russia's escalating geopolitical tension with the West over Ukraine dampened overall gains, and sent Russian equities and its currency, the rouble, lower. The Chinese renminbi also came under pressure on the back of the central bank's move to weaken the currency.
  • In Fund-related fourth-quarter 2013 results, the muted retail environment and intense competition in Poland weighed on Eurocash, while the integration of distribution group Tradis has also posed a challenge. Although BRD Groupe incurred losses in 2013 owing to a spike in loan loss provisions in the fourth quarter, we feel that these were intended to increase the bank's coverage ratio instead of a sign of deteriorating asset quality. Management commented that provisions should fall in 2014 as net interest margins recover.
  • Separately, we have a positive view on Iguatemi Empresa's deal to secure control of one of its main shopping centers, albeit at a slightly expensive price. The Brazilian mall operator bought an additional 14% stake in JK Iguatemi for 178 million reais (roughly US$76 million), which increased its holding in the joint venture with U.S. pension fund TIAA CREF to 64%.
  • There were no significant changes to the Fund in February.
Download Monthly Commentary
 
Download Monthly Factsheet
 
Sign Up

To receive this, or any other monthly fund factsheet directly in your inbox, sign up for our email services.

 
 
Section 16 Filings
 
** As of 03/15/2013, Fund name changed from Aberdeen Emerging Markets Telecommunications and Infrastructure 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.

 
Useful Links