Download Aberdeen UK Blue Chip Fund

MAY 2006
ABERDEEN SELECT PORTFOLIO
Aberdeen UK
Blue Chip Fund
Fund objective
Aims for above-average total return of capital growth and income by investing
all, or substantially all, of its assets in the Aberdeen Investment Funds ICVC - UK
Opportunties Fund (‘underlying fund’) incorporated under the OEIC regulations,
UK, which invests chiefly in a portfolio of UK companies.
NB: The underlying fund is not authorised for sale to the public in Singapore
Benchmark
FTSE All-Share
Performance
Aberdeen UK Blue Chip (MF)
Top ten holdings*
% of NAV
Royal Dutch Shell
GlaxoSmithKline
Aberdeen UK Mid Cap Unit Trust
British American Tobacco
Royal Bank of Scotland
HSBC
Barclays
Centrica
Sainsbury (J)
Aviva
Total
4.8
3.6
3.6
3.5
3.5
3.4
3.1
2.7
2.7
2.6
33.5
FTSE All Share TR (IN)
Sector allocation*
Percentage Growth Total Return, Charges Applied, In SGD
40
30
20
10
35.2
0
-10
-20
-2.5
-30
%
32.8
21.4
10.5
8.6
6.9
5.5
4.9
4.7
3.8
0.9
100.0
Financials
Consumer Services
Consumer Goods
Oil & Gas
Basic Materials
Industrials
Healthcare
Utilities
Telecommunications
Cash
Total
*
All data based on underlying fund
-40
-50
-60
2000
2001
2002
2003
2004
2005
2373 Days From 29/10/1999 To 28/04/2006
Performance (%) - SGD
Returns
1 Month
(as at 28/04/06)
Fund NAV-NAV
1.2
1
Fund (Charges applied ) -3.9
Benchmark
3.5
1 Year
19.3
13.3
21.9
Since inception
(29/10/99)
2.7
-2.5
35.2
Annualised return
(since inception)
0.4
-0.4
4.8
Source:.Lipper,.percentage.growth,.gross.income.reinvested.
The benchmark of the Aberdeen UK Blue Chip Fund was changed from FTSE 350
Index to FTSE All-Share Index from 1 February 2004.
1
Includes the effect of an assumed 5% front end load, which the investor might or
might not pay. NAV-NAV figures are a better reflection of underlying investment
performance.
Fund manager’s report overleaf
IMPORTANT INFORMATION OVERLEAF
For more information
Telephone
Facsimile
Website
1800 395 2702
6438 0743
aberdeen-asia.com
The prospectus is available from the website
or from:
Aberdeen Asset Management Asia Limited
21 Church Street #01-01
Capital Square Two
Singapore 049480
All sources (unless indicated):
Aberdeen Asset Management Asia Limited
PAGE 1 OF 2
MAY 2006
ABERDEEN SELECT PORTFOLIO
Aberdeen UK
Blue Chip Fund
Fund manager’s report
• UK equities, as represented by the FTSE All-Share Index, maintained their
positive momentum in April, helped by encouraging macroeconomic data and
healthy corporate earnings. A steady stream of corporate deals also buoyed the
market.
• The Bank of England held interest rates steady for the eighth consecutive
month, despite a weaker-than-expected trade deficit and renewed concerns
over energy prices. Economic indicators remained generally positive, with
inflation on target and growth forecast to pick up.
• During April, we exited glassmaker Pilkington following takeover interest from
Japan’s Nippon Sheet Glass. The proceeds were reinvested in music group EMI,
a new introduction which we felt offers good value. We also topped-up reinsurer
Alea and magazine publisher Emap on price weakness.
• We maintain our cautiously optimistic outlook on UK equities, and continue to
follow our disciplined investment process, focusing on quality companies run by
professional management.
Key information
Fund structure
Launch date
Fund included under
Open-ended unit
trust under the
Aberdeen Select
Portfolio
29 October 1999
CPFIS-OA
Higher Risk Narrowly Focused
(Country - UK)
SRS
Fund size (Feeder/
Underlying Fund)
S$3.3m / S$268.6m
Management fee
1.5% per annum
(No double charging
for management and
advisory fees at the
underlying fund level)
Front end load
5.0%
Switching fee
1.0%
Minimum investment
S$1,000
Subsequent investment S$100 minimum*
Regular savings plan
S$100 minimum
Prices over last 12months
Highest NAV (17/03/06) $0.9859
Lowest NAV (17/05/05) $0.8024
* With effect from 1 January 2005
Important information
The CPF Board currently pays a legislated minimum annual interest rate of 2.5% on the Ordinary Account and a guaranteed minimum
annual rate of 4.0% on the Special Account. The CPF interest rate is based on the 12-month fixed deposit and month-end savings rates
of the major local banks and it is revised quarterly. The interest is computed monthly, and is credited and compounded annually.
The above information should not be considered an offer, or solicitation, to deal in any funds in the Aberdeen Select Portfolio.
Investments in the unit trusts are not deposits in, obligations of, or guaranteed or insured by Aberdeen Asset Management Asia Limited
(the “Manager”), and are subject to investment risks, including the possible loss of the principal amount invested. Unit values and
income therefrom may fall or rise. Past performance is not indicative of future performance. Investors should read the prospectus or
seek relevant professional advice before making any investment decision.
The above is based on information available as at 28/04/06, unless otherwise stated. The Manager reserves the right to make any
amendments to the information at any time, without notice.
Aberdeen Asset Management Asia Limited, Registration Number 199105448E
PAGE 2 OF 2