Ownership Action Report: Do Institutional Investors Love Aberdeen Singapore Fund Inc (NYSE:SGF)?

November 17, 2016 - By Peter Erickson   ·   0 Comments

Ownership Action Report: Do Institutional Investors Love Aberdeen Singapore Fund Inc (NYSE:SGF)?

Sentiment for Aberdeen Singapore Fund Inc (NYSE:SGF)

Aberdeen Singapore Fund Inc (NYSE:SGF) institutional sentiment increased to 2 in Q2 2016. Its up 0.67, from 1.33 in 2016Q1. The ratio is more positive, as 10 funds started new and increased positions, while 5 sold and decreased their equity positions in Aberdeen Singapore Fund Inc. The funds in our partner’s database now have: 3.54 million shares, down from 3.69 million shares in 2016Q1. Also, the number of funds holding Aberdeen Singapore Fund Inc in their top 10 positions was flat from 0 to 0 for the same number . Sold All: 2 Reduced: 3 Increased: 9 New Position: 1.

Aberdeen Singapore Fund, Inc. is a closed-end, non-diversified management investment company. The company has a market cap of $67.61 million. The Fund’s investment objective is capital appreciation, which it seeks through investment primarily in Singapore equity securities. It currently has negative earnings. The Fund also, to a lesser degree, invests in equity securities issued by companies in the Association of Southeast Asian Nations countries.

About 2,326 shares traded hands. Aberdeen Singapore Fund Inc (NYSE:SGF) has declined 3.49% since April 15, 2016 and is downtrending. It has underperformed by 8.11% the S&P500.

1607 Capital Partners Llc holds 0.84% of its portfolio in Aberdeen Singapore Fund Inc for 1.36 million shares. Gramercy Funds Management Llc owns 182,156 shares or 0.69% of their US portfolio. Moreover, Doliver Capital Advisors Inc. has 0.48% invested in the company for 62,224 shares. The New York-based Karpus Management Inc. has invested 0.2% in the stock. Cornerstone Advisors Inc, a Alabama-based fund reported 54,683 shares.#img1#

SGF Company Profile

The Singapore Fund, Inc. (the Fund), incorporated on May 31, 1990, is a non-diversified, closed-end management investment company. The Fund’s primary investment objective is capital appreciation. The Singapore Fund, Inc. primarily invests in Singapore equity securities, and to a lesser extent, invests in equity securities issued by companies in Association of Southeast Asian Nations (ASEAN) Group countries. The ASEAN Group consists of Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam.

More recent Aberdeen Singapore Fund Inc (NYSE:SGF) news were published by: Prnewswire.com which released: “Aberdeen Singapore Fund, Inc. Announces Performance Data And Portfolio Composition” on October 21, 2016. Also Prnewswire.com published the news titled: “Aberdeen Singapore Fund, Inc. Announces Suspension Of Managed Distribution Policy” on March 15, 2016. Barrons.com‘s news article titled: “Aberdeen Keeps Faith in Standard Chartered” with publication date: April 12, 2016 was also an interesting one.

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By Peter Erickson


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