Aberdeen Global - Hozam Plaza

ContentsIncorporation.................................................................................................................................................................................................................................................... 01Chairman’s Statement.................................................................................................................................................................................................................................... 02Investment Manager’s Review...................................................................................................................................................................................................................... 03Net Asset Value History................................................................................................................................................................................................................................. 04Summary of Historic Information................................................................................................................................................................................................................ 09Performance History....................................................................................................................................................................................................................................... 10Aberdeen Global - Combined Statements................................................................................................................................................................................................. 13American Equity .............................................................................................................................................................................................................................................. 14American Smaller Companies....................................................................................................................................................................................................................... 18Asia Pacific Equity ........................................................................................................................................................................................................................................... 23Asian Local Currency Short Duration Bond ............................................................................................................................................................................................... 28Asian Property Share ...................................................................................................................................................................................................................................... 34Asian Smaller Companies .............................................................................................................................................................................................................................. 38Australasian Equity ......................................................................................................................................................................................................................................... 43Brazil Bond ........................................................................................................................................................................................................................................................ 47Brazil Equity ..................................................................................................................................................................................................................................................... 50Chinese Equity ................................................................................................................................................................................................................................................. 54Eastern European Equity ............................................................................................................................................................................................................................... 58Emerging Markets Corporate Bond ............................................................................................................................................................................................................. 62Emerging Markets Equity .............................................................................................................................................................................................................................. 69Emerging Markets Infrastructure Equity.................................................................................................................................................................................................... 75Emerging Markets Local Currency Bond .................................................................................................................................................................................................... 81Emerging Markets Smaller Companies ...................................................................................................................................................................................................... 88Ethical World Equity ....................................................................................................................................................................................................................................... 93European Equity .............................................................................................................................................................................................................................................. 98European Equity Income ..............................................................................................................................................................................................................................102European Equity (Ex UK) .............................................................................................................................................................................................................................106Frontier Markets Equity ...............................................................................................................................................................................................................................110Indian Equity ..................................................................................................................................................................................................................................................114Japanese Equity .............................................................................................................................................................................................................................................118Japanese Smaller Companies......................................................................................................................................................................................................................123Latin American Equity...................................................................................................................................................................................................................................127Multi-Manager World Equity ......................................................................................................................................................................................................................131Responsible World Equity ...........................................................................................................................................................................................................................134Russian Equity................................................................................................................................................................................................................................................139Select Emerging Markets Bond ..................................................................................................................................................................................................................143Select Euro High Yield Bond .......................................................................................................................................................................................................................152Select Global Credit Bond ...........................................................................................................................................................................................................................160Select High Yield Bond .................................................................................................................................................................................................................................170Select Sterling Financials Bond ..................................................................................................................................................................................................................177Technology Equity.........................................................................................................................................................................................................................................181UK Equity ........................................................................................................................................................................................................................................................185World Equity ..................................................................................................................................................................................................................................................190World Equity Income ...................................................................................................................................................................................................................................195World Resources Equity...............................................................................................................................................................................................................................200World Smaller Companies...........................................................................................................................................................................................................................204Notes to the Financial Statements............................................................................................................................................................................................................209Report of the Réviseur d’entreprises agréé..............................................................................................................................................................................................228Risk Management..........................................................................................................................................................................................................................................229Management and Administration..............................................................................................................................................................................................................233General Information.....................................................................................................................................................................................................................................236Further Information......................................................................................................................................................................................................................................238