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Aberdeen
Emerging Markets Telecommunications and Infrastructure Fund, Inc. (NYSE AMEX: ETF) - (EDT)
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Daily Data
At close May 17, 2012
| NAV | $20.63 |
| Price | $18.26 |
| Premium/(Discount) | -11.49% |
NAV and prices are provided by Morningstar. 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 Emerging Markets Telecommunications and Infrastructure Fund, Inc. (NYSE AMEX: ETF)*
Investment Objective
The Fund seeks long-term capital appreciation by investing primarily in equity securities of telecommunications companies in emerging markets.
Investing in the Asia-Pacific Region
As the West grapples with its debt issues, we believe that the structural soundness of the Asia-Pacific region will help deliver long-term opportunities for investors.
Download brochureFund Manager Interview with Stephen Parr
Stephen Parr, investment manager on Aberdeen’s global emerging markets team, talks about the development of the infrastructure and telecommunications industries in emerging market countries. He reviews investment opportunities today and discusses the industry’s predicted growth in the future.
Download Fund Manager InterviewInvestment Policies
It is the policy of the Fund to invest its assets in equity securities of telecommunications companies in emerging countries. For these purposes, “equity securities of telecommunications companies in emerging countries” are equity securities of telecommunications companies for which the principal securities trading market is an emerging country.
The information contained above provides only a brief summary description of the Fund's investment objective and investment policies.
Fund Managers’ Monthly Report
April 2012
- Telecoms and infrastructure shares in emerging markets fell in March as worries over economic growth returned amid a slowdown in Brazil, China and India, as well as higher energy prices.
- Brazil’s economy decelerated sharply in 2011 on the back of higher borrowing costs and the real’s strength. Turkey saw robust growth for the year, despite a marked economic slowdown in the fourth quarter. Resilient domestic demand underpinned Chile’s economy.
- India’s infrastructure output grew 6.8% in February versus the same period a year earlier.
- In Fund-related news, China Mobile’s results met expectations, as profits from its bank subsidiary offset lower margins in the rest of the business. The company remains profitable, we believe that its robust balance sheet should support future network development and it maintained its dividend payout. Standard & Poor’s raised Multiplan’s corporate credit rating from BB+ to BBB- with a stable outlook—the first Brazilian shopping mall operator to receive an investment grade globally. Domestically, Multiplan’s debt was upgraded to the highest credit rating.
- There were no major portfolio changes in March.
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* As of 11/01/10, Fund name changed from Emerging Markets Telecommunications Fund, Inc.
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