Aberdeen Israel Fund, Inc. Announces Performance Data And Portfolio Composition - WLOX.com - The News for South Mississippi

Aberdeen Israel Fund, Inc. Announces Performance Data And Portfolio Composition

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SOURCE Aberdeen Israel Fund, Inc.

PHILADELPHIA, April 1, 2014 /PRNewswire/ -- Aberdeen Israel Fund, Inc. (the "Fund") (NYSE MKT: ISL), a closed-end equity fund, announced today its performance data and portfolio composition as of February 28, 2014.

Aberdeen Asset Management Inc. At Aberdeen, asset management is our business. We only manage assets for clients, allowing us to focus solely on their needs and deliver independent, objective investment advice. We know global markets from the local level upwards, drawing on more than 1,900 staff, across 32 offices in 23 countries. Investment teams are based in the markets or regions where they invest, delivering local perspective in a global investment environment.

The Fund's total returns for various periods through February 28, 2014 are provided below.  (All figures are based on distributions reinvested at the dividend reinvestment price and are stated net-of-fees): 


Cumulative as of 02/28/14

Annualized as of 02/28/14


1 Month

3 Month

YTD

1 Year

3 Years

5 Years

10 Years

Since Inception

NAV

5.4

7.1

4.3

26.1

6.6

21.6

9.7

7.9

Market Price

2.9

5.5

2.0

23.2

4.8

21.0

9.7

7.0

TA-100

4.4

3.7

3.0

22.1

3.0

20.0

11.0

7.8

 

On February 28, 2014, the Fund's net assets amounted to US$84.3 million and the Fund's NAV per share was $20.27.

As of February 28, 2014, the portfolio was invested as follows:

Portfolio Composition

Percent of

Net Assets

Health Care

21.0

Financials

18.7

Information Technology

18.3

Materials

15.2

Consumer Staples

14.3

Telecommunications

4.6

Industrials

3.3

Consumer Discretionary

3.0

Cash

1.6

 

The Fund's ten largest equity holdings as of February 28, 2014, representing 68.2% of net assets, were:

Stock

Percent of

Net Assets

Teva Pharmaceutical Industries

10.9

Check Point Software Technologies

10.8

Perrigo

9.7

Frutarom Industries

6.9

OSEM Investment

6.2

Israel Chemicals

5.8

Mizrahi Tefahot Bank

4.6

Rami Levy

4.5

Bezeq Israeli Telecommunication

4.5

Azrieli Group

4.3

 

Important Information
Aberdeen Asset Management Inc. has prepared this report based on information sources believed to be accurate and reliable.  However, the figures are unaudited and neither the Fund, Aberdeen Asset Managers Limited (effective March 1, 2012, the Investment Adviser), 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 October 29, 1992.

If you wish to receive this information electronically, please contact: InvestorRelations@aberdeen-asset.com

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