Aberdeen Singapore Fund Inc: 1607 Capital Partners Disclosed Stake

February 14, 2018 - By Vivian Currie

 Aberdeen Singapore Fund Inc: 1607 Capital Partners Disclosed Stake

Investors sentiment increased to 1.38 in Q3 2017. Its up 0.69, from 0.69 in 2017Q2. It is positive, as 2 investors sold Aberdeen Singapore Fund, Inc. shares while 6 reduced holdings. 4 funds opened positions while 7 raised stakes. 3.51 million shares or 0.33% less from 3.52 million shares in 2017Q2 were reported.

Wolverine Asset Mngmt Llc reported 85,998 shares or 0.01% of all its holdings. Deutsche Bancorporation Ag holds 63,941 shares. City Of London Commerce Ltd invested in 160,000 shares. Bankshares Of America Corporation De has 136,387 shares for 0% of their portfolio. Cornerstone Advsr owns 74,895 shares or 0.1% of their US portfolio. Pnc Financial Svcs Grp holds 0% or 19,412 shares in its portfolio. Moreover, Karpus Incorporated has 0.16% invested in Aberdeen Singapore Fund, Inc. (NYSE:SGF). Royal National Bank & Trust Of Canada stated it has 20,925 shares or 0% of all its holdings. Wells Fargo & Co Mn stated it has 114,946 shares. Mariner Group Incorporated Llc holds 33,900 shares or 0.25% of its portfolio. New York-based Citigroup Incorporated has invested 0% in Aberdeen Singapore Fund, Inc. (NYSE:SGF). Lazard Asset Management Limited Com reported 0% stake. Howe Rusling invested in 0% or 10 shares. 1607 Capital Partners Limited Com holds 1.41M shares or 0.93% of its portfolio. Thomas J Herzfeld holds 8,525 shares or 0.04% of its portfolio.

The New 1607 Capital Partners Holding in Aberdeen Singapore Fund Inc

1607 Capital Partners reported SC 13G/A form with the SEC for Aberdeen Singapore Fund Inc. Access it here: 000117266118000641. As reported by 1607 Capital Partners, the filler owns 19% or 1,407,849 shares of the Finance–company.

Aberdeen Singapore Fund Inc stake is new for [reportingPerson]. Date of activity: December 31, 2017. This shows 1607 Capital Partners’s positive view for Aberdeen Singapore Fund Inc. For a institutional investor managing $2.83 billion in assets and having 11+ experts this is interesting position.

Aberdeen Singapore Fund Inc Institutional Sentiment

Filings show 24 investors own Aberdeen Singapore Fund Inc. The ownership in Q3 2015 is low, at Infinity of the outstanding shares. This is increased by 131280. 3588452 were owned by these investors. 3 funds opened new Aberdeen Singapore Fund Inc stakes, 5 increased positions. There were 2 that closed positions and 11 reduced them.

First Wilshire Securities Management Inc is an investor bullish on Aberdeen Singapore Fund Inc, owning 32483 shares as of Q3 2015 for 0.07% of its portfolio. Karpus Management Inc owns 543524 shares or 0.22% of its portfolio. CT Gramercy Funds Management Llc have 0.18% of its portfolio for 60144 shares. Further, 1607 Capital Partners Llc reported stake worth 0.50% of its portfolio. The X0 City Of London Investment Management Co Ltd owns 767213 shares. Aberdeen Singapore Fund Inc is 0.56% of its portfolio.

Business Profile

Aberdeen Singapore Fund, Inc. (the Fund) is a closed-end, non-diversified management investment company. The Fund’s investment objective is capital appreciation, which it seeks through investment primarily in Singapore equity securities. The Fund also invests in equity securities issued by companies in the Association of Southeast Asian Nations (the ASEAN Group) countries. The ASEAN Group includes Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam. The Fund invests in various sectors, such as financials, industrials, telecommunication services, healthcare, consumer discretionary, information technology, energy and materials. The Fund invests in financials sector, including banks, consumer finance and capital markets. It invests in industrials sector, including airline, aerospace and defense, industrial conglomerates, and construction and engineering. Aberdeen Asset Management Asia Limited serves as the Fund’s investment manager.

SEC Form 13G.

1607 Capital Partners website.

The stock decreased 0.24% or $0.03 during the last trading session, reaching $12.64. About 4,439 shares traded. Aberdeen Singapore Fund, Inc. (NYSE:SGF) has risen 27.80% since February 14, 2017 and is uptrending. It has outperformed by 11.10% the S&P500.

More notable recent Aberdeen Singapore Fund, Inc. (NYSE:SGF) news were published by: Seekingalpha.com which released: “C’mon, Tell Us How You Really Feel!” on October 23, 2017, also Marketwatch.com with their article: “Aberdeen Singapore Fund Inc.” published on May 22, 2017, Seekingalpha.com published: “Checking Back In With London: Upcoming Tender Offer For Aberdeen Funds May Be …” on November 14, 2017. More interesting news about Aberdeen Singapore Fund, Inc. (NYSE:SGF) were released by: Prnewswire.com and their article: “Aberdeen Singapore Fund, Inc. Announces Suspension Of Managed Distribution Policy” published on March 15, 2016 as well as Seekingalpha.com‘s news article titled: “Checking Back In With London: The Thai Fund Liquidation” with publication date: November 07, 2017.

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