Interim Management Statement

RNS Number : 5751H

Schroder Oriental Income Fund Ltd

23 July 2012

 



SCHRODER ORIENTAL INCOME FUND LIMITED

Interim Management Statement for the Quarter ended 31 May 2012

Investment Objective

The Company's investment objective is to provide a total return for investors primarily through investments in equities and equity-related investments, of companies which are based in, or which derive a significant proportion of their revenues from, the Asia Pacific region and which offer attractive yields.

Company Statistics as at 31 May 2012

Gross Assets	£294.34 million
Net Asset Value ("NAV") per Ordinary Share	155.60p
Share Price	155.25p
Discount	0.22%
Number of Holdings	76
Net Effective Gearing	6.0%
Yield	4.12%

Cumulative Performance to 31 May 2012

Performance over	3 months	1 year	3 years
Share Price (Total Return)	-3.8%	4.1%	91.6%
NAV (Total Return)	-3.2%	2.5%	85.6%

All Performance Data Source: Morningstar. 

Portfolio Information as at 31 May 2012

Ten Largest Holdings

Stock Name	Country	Market Value  (£)	Percentage of NAV
Fortune Real Estate Investment Trust	Singapore	16,670,062	6.1
Taiwan Semiconductor Manufacturing	Taiwan	15,358,560	5.7
Swire Pacific	Hong Kong	8,912,977	3.3
Glow Energy	Thailand	8,700,958	3.2
Venture Corp	Singapore	8,275,492	3.0
Fletcher Building	New Zealand	7,600,955	2.8
Hanjaya Mandala Sampoerna	Indonesia	7,257,399	2.7
Westpac Banking	Australia	7,009,947	2.6
Crown	Australia	6,976,697	2.4
Australia and New Zealand Banking	Australia	6,750,496	2.5

Country Allocation

Country                      Percentage of NAV

Australia                              23.1

Singapore                            20.1

Hong Kong                          18.2

Taiwan                                            13.9

Thailand                                8.9

New Zealand                         5.1        

Korea                                    4.9

Indonesia                               3.2

China                                     3.1

United Kingdom                    3.0

Philippines                             1.3

Canada                                 0.9

Malaysia                                0.5

Net current liabilities            (6.2)

Changes to Share Capital during the quarter ended 31 May 2012

	Issued Ordinary shares of 1p each
As at 1 March 2012	170,814,500
Shares issued during the period Shares bought back during the period	3,625,000          Nil
Shares in issue as at 31 May 2012	174,439,500

Material Events or Transactions

There have been no other material events or transactions that have taken place between 1 March 2012 and the date of publication of this Statement.

Company Information as at 31 May 2012

Sedol Code                                         B0CRWN5

Sector                                                 Equity Investment Instruments

Launch Date                                       July 2005

Financial Year End                             31 August

Next Dividend Payment                     December 2012

AGM                                                    December      

Enquiries:

Jonathan McGuire

Schroder Investment Management Limited

Company Secretary

Tel: [phone]

12 July 2012

 

END

 

 

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