PHILADELPHIA, July 11, 2013 /PRNewswire/ -- The Greater
China Fund, Inc. (the "Fund") (NYSE: GCH), a closed-end equity
fund, announced today its performance data and portfolio
composition as of May 31, 2013.
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The Fund's total returns for various periods through
May 31, 2013 are provided
below. (All figures are based on distributions reinvested at
the dividend reinvestment price and are stated
net-of-fees):
|
Cumulative as of
05/31/13
|
Annualized as of
05/31/13
|
|
1 Month
|
3 Month
|
YTD
|
1 Year
|
3 Years
|
5 Years
|
NAV
|
0.0
|
-1.0
|
0.1
|
17.7
|
3.8
|
-1.6
|
Market
Price
|
-2.3
|
-9.3
|
-7.9
|
14.3
|
3.6
|
-3.7
|
MSCI Golden
Dragon
|
-0.8
|
-1.4
|
0.0
|
19.2
|
7.4
|
1.1
|
On May 31, 2013, the Fund's net
assets amounted to US$111.5 million
and the Fund's NAV per share was $13.42.
As of May 31, 2013, the portfolio
was invested as follows:
Portfolio
Composition
|
Percent
of
Net Assets
|
Financials
|
32.8
|
Industrials
|
17.0
|
Information
Technology
|
12.8
|
Consumer
Discretionary
|
11.8
|
Telecommunications
|
8.1
|
Energy
|
7.5
|
Consumer
Staples
|
5.8
|
Materials
|
2.3
|
Cash
|
2.0
|
The Fund's ten largest equity holdings as of May 31, 2013, representing 57.6% of net assets,
were:
Stock
|
Percent
of Net
Assets
|
HSBC
Holdings
|
9.5
|
Jardine
Strategic
|
8.6
|
AIA Grp
|
7.3
|
Taiwan
Semiconductor
|
7.2
|
MTR
Corporation
|
4.9
|
Swire
Properties
|
4.4
|
China
Mobile
|
4.2
|
Petrochina
|
4.0
|
Hang Lung
Properties
|
3.9
|
Taiwan
Mobile
|
3.8
|
Important Information
This report has been prepared based on information sources
believed to be accurate and reliable. However, the figures
are unaudited and neither the Fund, Aberdeen Asset Management Asia
Limited (the Investment Manager), nor any other person guarantees
their accuracy. Investors should seek their own professional
advice and should consider the investment objectives, risks,
charges and expenses before acting on this information. Aberdeen is
a U.S. registered service mark of Aberdeen Asset Management
PLC.
Closed-end funds are traded on the secondary market through one
of the stock exchanges. The Fund's investment return and principal
value will fluctuate so that an investor's shares may be worth more
or less than the original cost. Shares of closed-end funds may
trade above (a premium) or below (a discount) the net asset value
(NAV) of the fund's portfolio. There is no assurance that the Fund
will achieve its investment objective.
Total return figures with distributions reinvested at the
dividend reinvestment price are stated net-of-fees and represents
past performance. Past performance is not indicative of
future results, current performance may be higher or lower.
Holdings are subject to change and are provided for informational
purposes only and should not be deemed as a recommendation to buy
or sell the securities shown. Inception date July 23, 1992.
If you wish to receive this information electronically, please
contact: InvestorRelations@aberdeen-asset.com
SOURCE The Greater China Fund, Inc.