-
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 AccessDaily Data
At close May 21, 2013
| NAV | $24.55 |
| Price | $21.89 |
| Premium/(Discount) | -10.84% |
| Unadjusted NAV** | $24.55 |
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.
Quick Links
Request Information
If you require further information on any of our Closed-End Funds:
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.
Fund Managers’ Monthly Report
March 2013
- Telecoms and infrastructure stocks in emerging markets fell in February but outperformed the broader asset class. Concerns that Italy's inconclusive elections could revive Eurozone tensions and uncertainty over the impact of scheduled budget cuts on the U.S. economy weighed on market sentiment.
- India announced plans to invest US$1 trillion over the next few years to build new infrastructure, including setting up a couple of ports and two new industrial corridors. Jakarta aims to accelerate plans to construct an urban railway and a monorail network to ease traffic congestion in the Indonesian capital.
- In quarterly earnings, solid rental revenue buoyed Multiplan's profits. The Brazilian property developer and mall operator planned a new share offering worth US$250 million to strengthen its balance sheet and support its investments. Brazilian energy company Ultrapar's healthy results were driven by the fuel distribution business and growth across its other divisions.
- Emerging markets are expected to account for four out of five of the estimated 8.9 billion mobile subscriptions worldwide by 2017, according to research firm Strategy Analytics.
- There were no major changes to the portfolio in February.
To receive this, or any other monthly fund factsheet directly in your inbox, sign up for our email services.
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.