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Aberdeen Global FactsheetsJuly 2012

OPEN ENDED FUND – JULY 2012

Aberdeen Global - American Equity FundPerformance Data and Analytics to 30 June 2012

Summary investment objective

Long-term total return by investing in North American equities. For full investment objective and policy details refer to the prospectus. Performance (%)

Annualised

1 month 3 months 6 months 1 year 3 years 5 years Launch

Fund 0.27 -7.75 2.62 -5.32 8.44 -2.01 4.45Benchmark 4.12 -2.75 9.49 5.45 16.38 0.22 6.80Difference -3.85 -5.00 -6.87 -10.77 -7.94 -2.23 -2.35Sector average 3.28 -5.11 7.17 -0.45 13.61 -1.23 5.23Sector ranking 2485/2598 2289/2583 2384/2560 2074/2481 2092/2235 1255/2013 470/592Quartile 4 4 4 4 4 3 4

Discrete annual returns (%) - year ended 30/06

2012 2011 2010 2009 2008Fund -5.32 26.85 6.19 -20.29 -11.12

Calendar year performance (%)

Year to date 2011 2010 2009 2008Fund 2.62 -3.95 9.28 28.48 -35.23Benchmark 9.49 2.11 15.06 26.46 -37.00Difference -6.87 -6.06 -5.78 2.02 1.77Sector average 7.17 -2.13 14.25 31.03 -39.72Sector ranking 2384/2560 1655/2466 2233/2537 1297/2588 512/2758Quartile 4 3 4 3 1

Performance Data: Share Class A2 Acc Source: Lipper, Basis: Total Return, NAV to NAV, net of annual charges, gross Income reinvested, (USD). These figures are gross of an initial charge: to the extent that this is paid, it will reduce performance from that shown. Past performance is no indication of current or future performance, and the performance data do not take account of the commissions and costs incurred on the issue and redemption of units. Fund managers’ report

Domestic equities posted gains in June amid hopes for a coordinated effort to stem Europe’s sovereign debt crisis.

The Federal Reserve extended its “Operation Twist” program to keep long-term interest rates at a low while the Supreme Court upheld most of the Obama administration’s healthcare reform legislation. The European Union agreed to appoint a Eurozone-wide banking regulator by the end of this year. In Fund-related news, enterprise software company Oracle Corp’s fourth-quarter results were bolstered by healthy growth in new licences. Shares of health insurer Aetna fell amid fears that the Supreme Court’s ruling on the Affordable Care Act could affect earnings. In June we divested oil and gas company Hess and offshore supply-vessel provider Tidewater. Against this, we introduced energy equipment manufacturer National Oilwell Varco and oil and gas company Chevron.

Top ten holdings

Sector %Kraft Foods Consumer Staples 3.2Oracle Corporation Information Technology 3.2CVS Caremark Corporation Consumer Staples 2.8PepsiCo Consumer Staples 2.8Johnson & Johnson Health Care 2.7Comcast Consumer Discretionary 2.6Wells Fargo Financials 2.6Philip Morris International Consumer Staples 2.5Procter & Gamble Consumer Staples 2.5Solera Holdings Information Technology 2.5Total 27.4

Total number of holdings 50

Sector breakdown

%Information Technology 19.1Consumer Staples 16.1Financials 12.7Consumer Discretionary 11.8Health Care 11.0Energy 9.2Industrials 9.0Other 6.6Cash 4.6Total 100.0

Figures may not always sum to 100 due to rounding.

Key information

Benchmark S&P 500

Fund size US$85.5m

Date of launch 2 January 1996

Investment team US Equity Team

Investor Service + 44 (0)1224 425255 (UK) + 352 4640 1 0820(International) Fax Dealing Service + 352 2452 9056 All sources (unless indicated): Aberdeen Asset Management 30 June 2012.

The risks outlined overleaf relating to single country market exposure and exchange rate movements are particularly relevant to this Fund but should be read in conjunction with all warnings and comments given in the prospectus for the fund.

IMPORTANT INFORMATION OVERLEAF


Aberdeen Global - American Equity Fund

¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯

Important informationRisk factors you should consider before investing:l The value of shares and the income from them can go down as well as up and you may get back less than the amount

invested.l Past performance is not a guide to the future.l Movements in exchange rates can impact on both the level of income received and the capital value of your investment. If

the currency of your country of residence strengthens against the currency in which the underlying investments of the Fund are made, the value of your investment will reduce and vice versa.

l Exposure to a single country market increases potential volatility.Other important information:Aberdeen Global is a Luxembourg-domiciled UCITS fund, incorporated as a Société Anonyme and organised as a Société d’investissement à Capital Variable (a “SICAV”). The information contained in this marketing document should not be considered as an offer, or solicitation, to deal in the shares of any securities or financial instruments. It is not intended for distribution or use by any person or entity who is a citizen or resident of or located in any jurisdiction where such distribution, publication or use would be prohibited. The Fund is not registered under the United States Securities Act of 1933, nor the United States Investment Company Act of 1940 and therefore may not directly or indirectly be offered or sold in the United States of America or any of its states, territories, possessions or other areas subject to its jurisdiction or to or for the benefit of a United States Person. No information, opinions or data in this document constitute investment, legal, tax or other advice and are not to be relied upon in making an investment or other decision. Subscriptions for shares in the Fund may only be made on the basis of the latest prospectus, together with the latest annual report, semi-annual report can be obtained free of charge from Aberdeen Asset Managers Limited, 10 Queens Terrace, Aberdeen, AB10 1YG, Scotland and are also available on www.aberdeen-asset.com. In Switzerland these documents along with the Fund’s articles of association can be obtained from the Fund’s Representative and Paying Agent, BNP Paribas Securities, Zurich Branch, Selnaustrasse 16, CH 8002 Zurich, Switzerland. Tax treatment depends on the individual circumstances of each investor and may be subject to change in the future. You should obtain specific professional advice before making any investment decision. Issued in Switzerland by Aberdeen Asset Managers Switzerland AG (“AAMS”). Registered in Switzerland No. CH-020.3.033.962-7. Registered Office: Schweizergasse 14, 8001 Zurich. Authorised and regulated by the Swiss Financial Market Supervisory Authority (FINMA) Issued in the EU by Aberdeen Asset Managers Limited. Registered in Scotland No.108419. Registered Office: 10 Queen’s Terrace, Aberdeen, AB10 1YG. Authorised and regulated by the Financial Services Authority in the United Kingdom. Aberdeen Asset Managers Limited reserves the right to make changes and corrections to any information in this document at any time, without notice.

Fund risk statistics

3 years 5 yearsAnnualised Standard Deviation of Fund 17.12 19.74Beta 1.07 1.03Sharpe Ratio 0.68 (0.05)Annualised Tracking Error 2.63 2.98Annualised Information Ratio (0.92) 0.53R-Squared 0.98 0.98

Source: Aberdeen Asset Management, Total Return, Gross of Fees Russell/Mellon Analytical Services, US$. Please note the risk analytics figures are calculated on gross returns whereas the performance figures are based on net asset value (NAV) returns. In addition, the risk analytics figures lag the performance figures by one month.

Codes (Class A - 2 Acc)

SEDOL 4008817

ISIN LU0011963831

BLOOMBERG AETAMSI LX

REUTERS LP60000008

VALOREN 608239

WKN 973301

Additional information

Fund type SICAV

Domicile Luxembourg

Currency USD

Registered for sale Please refer to www.aberdeen-asset.com

Income payable 30 November

Sector Lipper Global Equity North America

Minimum investment USD 1,500 or currency equivalent

Charges Maximum initial 4.25%, annual 1.50%

Ongoing charges 1.66%

Price as at 30/06/12 US$14.6275

Deal closing time 13:00:00 CET

Daily valuation point 13:00:00 CETSource: Ongoing charges Aberdeen Asset Managers Limited as at 30 September 2011

Investor Service + 44 (0)1224 425255 (UK) + 352 4640 1 0820(International) Fax Dealing Service + 352 2452 9056 www.aberdeen-asset.com


Aberdeen Global - American Smaller Companies Fund Performance Data and Analytics to 30 June 2012


Long-term total return by investing in equities and equity-related securities of smaller companies incorporated in or conducting the bulk of their business activities in the US. For full investment objective and policy details refer to the prospectus. Performance (%)

Annualised


Fund 0.63 -8.27 3.03 -5.15 – – -3.84Benchmark 4.99 -3.47 8.53 -2.08 – – 0.62Difference -4.36 -4.80 -5.50 -3.07 – – -4.46Sector average 3.15 -5.40 6.86 -4.24 – – 0.14Sector ranking 901/941 831/934 815/924 546/896 – – 729/872Quartile 4 4 4 3 – – 4


2012 2011 2010 2009 2008Fund -5.15 – – – –


Year to date 2011 2010 2009 2008Fund 3.03 – – – –Benchmark 8.53 – – – –Difference -5.50 – – – –Sector average 6.86 – – – –Sector ranking 815/924 – – – –Quartile 4 – – – –

Performance Data: Share Class I2 Acc Source: Lipper, Basis: Total Return, NAV to NAV, net of annual charges, gross Income reinvested, (USD). These figures are gross of an initial charge: to the extent that this is paid, it will reduce performance from that shown. Past performance is no indication of future performance. Fund managers’ report

Domestic equities posted gains in June amid hopes for a coordinated effort to stem Europe’s sovereign debt crisis. Small-cap stocks outperformed their large-cap counterparts.

The Federal Reserve extended its “Operation Twist” program to keep long-term interest rates at a low while the Supreme Court upheld most of the Obama administration’s healthcare reform legislation. The European Union agreed to appoint a Eurozone-wide banking regulator by the end of this year. In Fund-related news, Smithfield Foods’ fourth-quarter results were hampered by an oversupply of hogs, which caused a fall in pork prices, and in turn, profit margins. Specialty apparel retailer Zumiez agreed to purchase Austria’s Blue Tomato, one of Europe’s largest sports ecommerce website operators. The acquisition marks Zumiez’s first overseas foray. In June we introduced apparel retailer Jos. A. Bank Clothiers.

Top ten holdings

Sector %Silgan Hldgs Materials 2.4Beacon Roofing Supply Industrials 2.3Berry Petroleum Energy 2.3Compass Minerals Materials 2.3Wabtec Corp Industrials 2.3IPC The Hospitalist Health Care 2.2Kaiser Aluminum Materials 2.2Warnaco Consumer Discretionary 2.2Amerisafe Financials 2.1Heartland Payment Systems Information Technology 2.1Total 22.4


Sector breakdown

%Information Technology 18.3Financials 18.1Industrials 15.0Consumer Discretionary 13.5Materials 12.2Health Care 6.8Energy 6.0Other 8.6Cash 1.6Total 100.0


Key information

Benchmark Russell 2000

Fund size US$38.6m


Investment team US Equity Team


The risks outlined overleaf relating to smaller companies, exchange rates and single country are particularly relevant to this Fund but should be read in conjunction with all warnings and comments given in the prospectus for the Fund.



Aberdeen Global - American Smaller Companies Fund

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invested.l Past performance is not a guide to the future.l The Fund invests in smaller companies which are likely to carry higher risks than larger companies.l Movements in exchange rates can impact on both the level of income received and the capital value of your investment. If



Codes (Class I - 2 Acc)

SEDOL B667W99

ISIN LU0566484704

BLOOMBERG ABASCI2 LX

REUTERS LP68083228

VALOREN 12407272

WKN A1H471


Fund type SICAV

Domicile Luxembourg

Currency USD



Sector Lipper Global Equity Nth America Sm&Mid Cap

Minimum investment US$1,000,000 or currency equivalent

Charges Maximum initial Nil, annual 1.00%


Price as at 30/06/12 US$9.4474




Top ten holdings

Country %Aberdeen Global - Indian Equity Fund India 4.9Oversea-Chinese Banking Corp Singapore 4.4Jardine Strategic Holdings Hong Kong 4.1Rio Tinto Australia 4.0QBE Insurance Australia 3.7Samsung Electronics (Pref) South Korea 3.7City Developments Singapore 3.2TSMC Taiwan 3.2United Overseas Bank Singapore 3.2Standard Chartered Hong Kong 3.1Total 37.5

Total number of holdings 57A Where the fund invests in a collective scheme managed by Aberdeen, we rebate the lower of the two levels of management fee.

Country breakdown

%Hong Kong 26.5Singapore 19.4Australia 12.2India 11.9China 5.4South Korea 5.4Taiwan 5.0Thailand 4.8Malaysia 3.1Philippines 2.5Other 1.8Cash 2.0Total 100.0

Sector breakdown

%Financials 40.8Information Technology 11.7Industrials 11.1Materials 10.3Telecommunication Services 7.1Consumer Staples 6.1Energy 5.0Others 5.8Cash 2.0Total 100.0


Key information

Benchmark MSCI AC Asia Pacific ex Japan

Fund size US$7.0bn

Date of launch 26 April 1988

Investment team Asian Equities Team


Aberdeen Global - Asia Pacific Equity Fund Performance Data and Analytics to 30 June 2012


Long-term total return by investing in Asia Pacific equities excluding Japan. For full investment objective and policy details refer to the prospectus. Performance (%)

Annualised


Fund 5.10 -4.94 9.29 -6.93 13.91 3.59 11.10Benchmark 4.01 -6.32 5.44 -12.56 11.25 0.55 8.81Difference 1.09 1.38 3.85 5.63 2.66 3.04 2.29Sector average 2.77 -6.90 4.32 -13.28 9.37 -0.61 7.88Sector ranking 58/735 135/725 50/719 73/687 54/526 38/425 4/23Quartile 1 1 1 1 1 1 1


2012 2011 2010 2009 2008Fund -6.93 23.59 28.56 -17.20 -2.54


Year to date 2011 2010 2009 2008Fund 9.29 -15.53 25.91 69.25 -46.46Benchmark 5.44 -15.38 18.42 73.66 -51.63Difference 3.85 -0.15 7.49 -4.41 5.17Sector average 4.32 -16.62 19.15 65.75 -50.58Sector ranking 50/719 204/667 58/605 209/602 120/589Quartile 1 2 1 2 1

Performance Data: Share Class A2 Acc The Class S share has less than 12 months of performance history, and therefore no fund performance data can currently be shown for this class. Source: Lipper, Basis: Total Return, NAV to NAV, net of annual charges, gross Income reinvested, (USD). These figures are gross of an initial charge: to the extent that this is paid, it will reduce performance from that shown. Past performance is no indication of current or future performance, and the performance data do not take account of the commissions and costs incurred on the issue and redemption of units. Fund managers’ report

Asian equities rebounded in June after the pro-bailout New Democracy party won the Greek election and Germany bowed to pressure to contain Europe's debt crisis with stopgap measures at the month-end. China’s first interest rate cut in four years also lifted sentiment.

Leading economic indicators in Asia pointed to further slowing and the more export-dependent economies faced sluggish demand, particularly from the West.

Inflation eased across most of the region. But apart from the rate cuts by Australia and China, most central banks kept policy unchanged. Notably, India held rates at 8% because of accelerating inflation.

In politics, Indian prime minister Manmohan Singh’s takeover of the finance ministry raised hopes that policymaking will become more constructive.

There were no major changes to the portfolio in June.


The risks outlined overleaf relating to exchange rate movements and emerging markets are particularly relevant to this Fund but should be read in conjunction with all warnings and comments given in the prospectus for the Fund.



Aberdeen Global - Asia Pacific Equity Fund

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l The Fund invests in emerging markets which tend to be more volatile than mature markets and the value of your investment could move sharply up or down. In some circumstances, the underlying investments may become illiquid which may constrain the Investment Manager’s ability to realise some of the portfolio. the registration and settlement arrangements in emerging markets may be less developed than in more mature markets so the operational risks of investing are higher. Political risks and adverse economic circumstances are more likely to arise, putting the value of your investment at risk.

l The Fund invests in a specific regional market which can increase potential volatility.Other important information:Aberdeen Global is a Luxembourg-domiciled UCITS fund, incorporated as a Société Anonyme and organised as a Société d’investissement à Capital Variable (a “SICAV”). The information contained in this marketing document should not be considered as an offer, or solicitation, to deal in the shares of any securities or financial instruments. It is not intended for distribution or use by any person or entity who is a citizen or resident of or located in any jurisdiction where such distribution, publication or use would be prohibited. The Fund is not registered under the United States Securities Act of 1933, nor the United States Investment Company Act of 1940 and therefore may not directly or indirectly be offered or sold in the United States of America or any of its states, territories, possessions or other areas subject to its jurisdiction or to or for the benefit of a United States Person. No information, opinions or data in this document constitute investment, legal, tax or other advice and are not to be relied upon in making an investment or other decision. Subscriptions for shares in the Fund may only be made on the basis of the latest prospectus, together with the latest annual report, semi-annual report can be obtained free of charge from Aberdeen Asset Managers Limited, 10 Queens Terrace, Aberdeen, AB10 1YG, Scotland and are also available on www.aberdeen-asset.com. In Switzerland these documents along with the Fund’s articles of association can be obtained from the Fund’s Representative and Paying Agent, BNP Paribas Securities, Zurich Branch, Selnaustrasse 16, CH 8002 Zurich, Switzerland. Tax treatment depends on the individual circumstances of each investor and may be subject to change in the future. You should obtain specific professional advice before making any investment decision. Issued in Switzerland by Aberdeen Asset Managers Switzerland AG (“AAMS”). Registered in Switzerland No. CH-020.3.033.962-7. Registered Office: Schweizergasse 14, 8001 Zurich. Authorised and regulated by the Swiss Financial Market Supervisory Authority (FINMA) Issued in the EU by Aberdeen Asset Managers Limited. Registered in Scotland No.108419. Registered Office: 10 Queen’s Terrace, Aberdeen, AB10 1YG. Authorised and regulated by the Financial Services Authority in the United Kingdom. Aberdeen Asset Managers Limited reserves the right to make changes and corrections to any information in this document at any time, without notice.


3 years 5 yearsAnnualised Standard Deviation of Fund 19.96 25.40Beta 0.87 0.86Sharpe Ratio 0.71 0.11Annualised Tracking Error 4.90 7.07Annualised Information Ratio 0.68 0.40R-Squared 0.96 0.95

Source: Aberdeen Asset Management, total return, Gross of Fees Russell/Mellon Analytical Services, US$. Please note the risk analytics figures are calculated on gross returns whereas the performance figures are based on net asset value (NAV) returns. In addition, the risk analytics figures lag the performance figures by one month.


SEDOL 4008765

ISIN LU0011963245

BLOOMBERG AETASEI LX

REUTERS LP60000012

VALOREN 608236

WKN 972857


Fund type SICAV

Domicile Luxembourg

Currency USD



Sector Lipper Global Equity Asia Pacific Ex Japan




Price as at 30/06/12 US$63.8346





Aberdeen Global - Asian Local Currency Short Duration Bond FundA

Performance Data and Analytics to 30 June 2012

A With effect from 1 March 2011 the Aberdeen Global – Asian Bond Fund was renamed Aberdeen Global – Asian Local Currency Short Duration Bond Fund.

Summary investment objectiveB

Long-term total return by investing in Debt and Debt-Related securities issued by governments, supranational institutions or government related bodies domiciled in Asia. For full investment objective and policy details refer to the prospectus. Performance (%)

Annualised


Fund 0.92 -0.93 0.64 -1.62 5.50 3.41 4.03BenchmarkC 1.14 -0.37 1.64 0.80 7.39 5.85 6.85Difference -0.22 -0.56 -1.00 -2.42 -1.89 -2.44 -2.82Sector average – – – – – – –Sector ranking – – – – – – –Quartile – – – – – – –


2012 2011 2010 2009 2008Fund -1.62 10.42 8.12 2.44 -1.69


Year to date 2011 2010 2009 2008Fund 0.64 -0.09 11.59 3.89 0.02BenchmarkC 1.64 2.34 12.23 6.37 1.63Difference -1.00 -2.43 -0.64 -2.48 -1.61Sector average – – – – –Sector ranking – – – – –Quartile – – – – –

Performance Data: Share Class A1 Dist Source: Indexco, Lipper, Russell Mellon, Basis: Total Return, NAV to NAV net of annual charges, gross income reinvested, (USD). These figures are gross of an initial charge: to the extent that this is paid, it will reduce performance from that shown. There are no sector average, ranking or quartile data: the fund is in the Lipper Global - Bond Asia Pacific sector but this sector is too general. Until there is a Bond Asia Pacific Short Duration sector the fund is not appropriately compared against its peers by the lipper Global classification scheme. With effect from 1 March 2011 the investment objective and policy of Aberdeen Global – Asian Bond Fund (as of 1 March 2011: Aberdeen Global - Asian local Currency Short Duration Bond Fund) was amended, please refer to the December 2010 prospectus for full details. Past performance is no indication of current or future performance, and the performance data do not take account of the commissions and costs incurred on the issue and redemption of units. Fund managers’ report

Sentiment recovered in June as financial markets interpreted developments in Europe positively. Support of up to €100 billion for Spain’s banks was agreed upon; a pro-bailout coalition came into power in Greece; and the EU summit appeared to yield noteworthy results as Germany softened its stance somewhat, but with the implementation of agreed measures still a risk.

Macroeconomic conditions in Asia weakened amid sluggish domestic consumption and anaemic export demand, particularly from advanced markets. Korea’s economy decelerated in the first quarter. China’s manufacturing activity declined, while India’s industrial output growth was flat. Forward-looking growth indicators, meanwhile, are pointing to softer conditions ahead both in the region and globally.

Easing inflation allowed central banks flexibility to focus on stimulating domestic demand. China sent a clear signal on its commitment to stabilising growth by cutting interest rates for the first time since 2008, but further easing in India is restricted by sticky and elevated inflation.

Asian currencies rebounded against the US dollar, led by the won, the peso and the Singapore dollar, as equity markets rallied and investors moved to cover some of their long US dollar positions.

Shorter-term bonds performed well in most markets, falling by about 6 to 10 basis points, with slightly better performance from Thailand, Singapore, India, Indonesia and China.

Top ten holdings

%

Korea (Rep of) 3.5% 10/06/14 5.7Bank of Thailand Bond 2.35% 21/10/12 4.7Malaysian (Govt of) 3.461% 31/07/13 4.5Malaysian (Govt of) 5.094% 30/04/14 4.5Korea Monetary Stab Bond 3.9% 02/08/13 4.3Philippines (Rep of) 7% 27/01/16 4.3China (Peoples Rep of) 1.4% 18/08/16 3.5Korea (Rep of) 5% 10/09/14 3.5Malaysian (Govt of) 3.434% 15/08/14 3.4Korea Monetary Stab Bond 3.76% 02/06/13 3.1Total 41.5


Sector breakdown (%)

Fund BenchmarkC DifferenceGovernment 97.6 100.0 (2.4)Cash 2.4 – 2.4Total 100.0 100.0


Credit Rating (%)

Fund BenchmarkC DifferenceAAA – 11.8 (11.8)AA 10.8 45.4 (34.6)A 49.7 27.6 22.1BBB 23.7 11.9 11.8BB 13.4 3.2 10.2Cash 2.4 – 2.4Total 100.0 100.0

Cash includes cash on call, cash used as margin and fixed deposits, unrealised profit/losses on derivative positions and forward currency contracts. Where bonds held in the portfolio are split-rated between Moody’s, S&P and Fitch the lower of the ratings is used. Figures may not always sum to 100 due to rounding.

Key information

BenchmarkC iBoxx Asia ex Japan Sovereign 1-3y

Fund size US$1.0bn


Investment team Asian Fixed Income Team


The risks outlined overleaf relating to exchange rate movements, bonds and emerging markets are particularly relevant to this Fund but should be read in conjunction with all warnings and comments given in the prospectus for the Fund.



Aberdeen Global - Asian Local Currency Short Duration Bond Fund

Market allocation

BenchmarkC % Physical Bonds % FXChina 18.3 9.9 22.2Hong Kong 22.5 – 24.8India 1.9 – 1.7Indonesia 1.2 6.6 9.0Malaysia 8.0 22.2 9.9Philippines 2.2 7.4 2.2Singapore 9.9 – 3.3South Korea 18.9 28.4 19.5Taiwan 6.8 – –Thailand 10.2 23.1 9.2United States – 2.4 (1.9)Total 100.0 100.0 100.0

Figures may not always sum to 100 due to rounding. B With effect from 1 March 2011 the investment objective and policy of Aberdeen Global – Asian Bond Fund (as of 1 March 2011: Aberdeen Global - Asian local Currency Short Duration Bond Fund) was amended, please refer to the December 2010 prospectus for full details. C With effect from 1 March 2011 the benchmark IBoxx ABF pan-Asia ex China has changed to IBoxx Asia ex-Japan 1-3 years.

Fund statistics

Fund BenchmarkC

Average Credit Rating A- A+Yield to Maturity (%) 3.1 2.1Modified Duration (years) 2.0 1.7Sovereign ExposureD 97.6% 100.0%Corporate ExposureD 0.0% 0.0%LiquidityD 2.4% –Investment Grade 86.6% 96.8%High Yield 13.4% 3.2%

D Economic Exposure

Codes (Class A - 1 Inc)

SEDOL 5772326

ISIN LU0011964219

BLOOMBERG AETABBB LX

REUTERS LP60000017

VALOREN 608242

WKN 973329


Fund type SICAV

Domicile Luxembourg

Currency USD


Income payable 31 May, 31 August, 30 November, 28 February

Sector Lipper Global Bond Asia Pacific




Price as at 30/06/12 US$4.2882




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invested.l Derivatives may be used to hedge against various risks as permitted by the regulations but may not be used for speculative

purposes. the use of derivatives for hedging in a rising market may restrict potential gainsl Past performance is not a guide to the future.l Movements in exchange rates can impact on both the level of income received and the capital value of your investment. If

the currency of your country of residence strengthens against the currency in which the underlying investments of the Fund are made, the value of your investment will reduce and vice versa.The Fund invests in emerging markets which tend to be more volatile than mature markets and the value of your investment could move sharply up or down. In some circumstances, the underlying investments may become illiquid which may constrain the Investment Manager’s ability to realise some or all of the portfolio. The registration and settlement arrangements in emerging markets may be less developed than in more mature markets so the operational risks of investing are higher. political risks and adverse economic circumstances are more likely to arise, putting the value of your investment at risk.

l The value of a bond will fall in the event of the default or reduced credit rating of the issuer (or if credit spreads widen, relative to gilts). Similarly, an increase in credit rating (or narrowing of credit spreads) can lead to capital appreciation. Generally, the higher the quality of the issuer, the lower the interest rate at which they can borrow money. Issuers of a lower quality will tend to have to pay more to borrow money to compensate the lender (the purchases of a bond) for the extra risk taken.

l Unlike income from a single bond, the level of income from the Fund is not fixed and may fluctuate. Yields are estimated figures and may fluctuate.

l The underlying investments in the Fund are subject to two types of risk: interest rate risk and credit risk. Interest rate fluctuations affect the capital value of investments. Where long term interest rates rise, the capital value of shares is likely to fall and vice versa. Credit risk reflects the ability of the borrower (bond issuer) to meet is obligations (pay the interest on a bond and return the capital on redemption date).

Other important information:Aberdeen Global is a Luxembourg-domiciled UCITS fund, incorporated as a Société Anonyme and organised as a Société d’investissement à Capital Variable (a “SICAV”). The information contained in this marketing document should not be considered as an offer, or solicitation, to deal in the shares of any securities or financial instruments. It is not intended for distribution or use by any person or entity who is a citizen or resident of or located in any jurisdiction where such distribution, publication or use would be prohibited. The Fund is not registered under the United States Securities Act of 1933, nor the United States Investment Company Act of 1940 and therefore may not directly or indirectly be offered or sold in the United States of America or any of its states, territories, possessions or other areas subject to its jurisdiction or to or for the benefit of a United States Person. No information, opinions or data in this document constitute investment, legal, tax or other advice and are not to be relied upon in making an investment or other decision. Subscriptions for shares in the Fund may only be made on the basis of the latest prospectus, together with the latest annual report, semi-annual report can be obtained free of charge from Aberdeen Asset Managers Limited, 10 Queens Terrace, Aberdeen, AB10 1YG, Scotland and are also available on www.aberdeen-asset.com. In Switzerland these documents along with the Fund’s articles of association can be obtained from the Fund’s Representative and Paying Agent, BNP Paribas Securities, Zurich Branch, Selnaustrasse 16, CH 8002 Zurich, Switzerland. Tax treatment depends on the individual circumstances of each investor and may be subject to change in the future. You should obtain specific professional advice before making any investment decision. Issued in Switzerland by Aberdeen Asset Managers Switzerland AG (“AAMS”). Registered in Switzerland No. CH-020.3.033.962-7. Registered Office: Schweizergasse 14, 8001 Zurich. Authorised and regulated by the Swiss Financial Market Supervisory Authority (FINMA) Issued in the EU by Aberdeen Asset Managers Limited. Registered in Scotland No.108419. Registered Office: 10 Queen’s Terrace, Aberdeen, AB10 1YG. Authorised and regulated by the Financial Services Authority in the United Kingdom. Aberdeen Asset Managers Limited reserves the right to make changes and corrections to any information in this document at any time, without notice.


Aberdeen Global - Asian Property Share FundPerformance Data and Analytics to 30 June 2012


The Fund’s investment objective is long-term total return to be achieved by investing at least two-thirds of the Fund’s assets in equities and equity-related securities of property companies with their registered office in an Asian country; and/or, of property companies which have the preponderance of their business activities in an Asian country; and/or, of holding companies which have the preponderance of their assets in property companies with their registered office in an Asian country. The Base Currency of the Fund is US Dollars. For full investment objective and policy details refer to the prospectus. Performance (%)

Annualised


Fund 7.38 0.11 19.46 6.12 15.42 -1.93 7.14Benchmark 8.83 2.73 19.06 -0.87 10.35 -3.65 6.23Difference -1.45 -2.62 0.40 6.99 5.07 1.72 0.91Sector average 6.22 0.87 14.51 -2.26 10.23 -3.05 3.98Sector ranking 29/71 43/63 8/62 5/59 10/51 10/36 5/9Quartile 2 3 1 1 1 2 2


2012 2011 2010 2009 2008Fund 6.12 19.20 21.60 -26.96 -19.25


Year to date 2011 2010 2009 2008Fund 19.46 -14.95 25.75 42.42 -53.40Benchmark 19.06 -19.54 20.23 40.92 -50.72Difference 0.40 4.59 5.52 1.50 -2.68Sector average 14.51 -15.21 17.84 40.92 -48.41Sector ranking 8/62 26/61 6/59 26/61 38/52Quartile 1 2 1 2 3

Performance Data: Share Class S2 Acc Source: Lipper. Basis: Total Return. NAV to NAV, net of annual charges, gross income reinvested, (USD). These figures are gross of an initial charge: to the extent that this is paid, it will reduce performance from that shown. The Aberdeen Global - Asian property Share Fund was launched on 14 May 2010 to facilitate a transfer of unitholders from the Credit Suisse equity Fund (lux) Asian property Fund to the Aberdeen Global SICAV. prior to that date, the Fund’s historic track record is that of the Credit Suisse equity Fund (lux) Asian property Fund (launched 1 July 2005). Aberdeen’s Asian equities team has managed the new fund since launch. Past performance is no indication of current or future performance, and the performance data do not take account of the commissions and costs incurred on the issue and redemption of units. Fund managers’ report

Asian equities rebounded in June after the pro-bailout New Democracy party won the Greek election and Germany bowed to pressure to contain Europe's debt crisis with stopgap measures at the month-end. China’s first interest rate cut in four years also lifted sentiment. Property-sector stocks outperformed the broader region.



In portfolio-related news, Ayala Land sealed a 15 billion-peso deal to develop Ignacio Ortigas' family-owned landbank. This alliance is consistent with Ayala's strategy of extending its operations into other locations in and outside Metro Manila through partnerships.


Top ten holdings

Country %City Developments Singapore 8.6Westfield Group Australia 5.9Mitsubishi Estate Japan 5.8Ayala Land Philippines 5.5Hang Lung Group Hong Kong 5.5Sun Hung Kai Properties Hong Kong 5.3Swire Properties Hong Kong 4.8Jardine Strategic Holdings Hong Kong 4.1Swire Pacific A Hong Kong 4.1Yanlord Land China 3.4Total 53.0


Country breakdown

%Hong Kong 29.7Singapore 20.4Japan 13.5Australia 8.2Thailand 5.5Philippines 5.5Malaysia 5.5India 3.7China 3.4United Kingdom 2.5Indonesia 1.6Cash 0.4Total 100.0

Sector breakdown

%Financials 68.9Consumer Discretionary 13.6Industrials 7.9Materials 6.9Consumer Services 1.2Information Technology 1.1Cash 0.4Total 100.0


Key information

Benchmark MSCI AC Asia Pacific Real Estate

Fund size US$147.4m

Date of launch 17 May 2010






Aberdeen Global - Asian Property Share Fund

¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯




l The Fund invests in a specialist market sector and as such is likely to be more volatile than a more widely invested fund.l The Fund may invest in REITs which themselves invest directly in real estate – under adverse market or economic conditions

such assets may become illiquid or experience a drop in value.Other important information:Aberdeen Global is a Luxembourg-domiciled UCITS fund, incorporated as a Société Anonyme and organised as a Société d’investissement à Capital Variable (a “SICAV”). The information contained in this marketing document should not be considered as an offer, or solicitation, to deal in the shares of any securities or financial instruments. It is not intended for distribution or use by any person or entity who is a citizen or resident of or located in any jurisdiction where such distribution, publication or use would be prohibited. The Fund is not registered under the United States Securities Act of 1933, nor the United States Investment Company Act of 1940 and therefore may not directly or indirectly be offered or sold in the United States of America or any of its states, territories, possessions or other areas subject to its jurisdiction or to or for the benefit of a United States Person. No information, opinions or data in this document constitute investment, legal, tax or other advice and are not to be relied upon in making an investment or other decision. Subscriptions for shares in the Fund may only be made on the basis of the latest prospectus, together with the latest annual report, semi-annual report can be obtained free of charge from Aberdeen Asset Managers Limited, 10 Queens Terrace, Aberdeen, AB10 1YG, Scotland and are also available on www.aberdeen-asset.com. In Switzerland these documents along with the Fund’s articles of association can be obtained from the Fund’s Representative and Paying Agent, BNP Paribas Securities, Zurich Branch, Selnaustrasse 16, CH 8002 Zurich, Switzerland. Tax treatment depends on the individual circumstances of each investor and may be subject to change in the future. You should obtain specific professional advice before making any investment decision. Issued in Switzerland by Aberdeen Asset Managers Switzerland AG (“AAMS”). Registered in Switzerland No. CH-020.3.033.962-7. Registered Office: Schweizergasse 14, 8001 Zurich. Authorised and regulated by the Swiss Financial Market Supervisory Authority (FINMA) Issued in the EU by Aberdeen Asset Managers Limited. Registered in Scotland No.108419. Registered Office: 10 Queen’s Terrace, Aberdeen, AB10 1YG. Authorised and regulated by the Financial Services Authority in the United Kingdom. Aberdeen Asset Managers Limited reserves the right to make changes and corrections to any information in this document at any time, without notice.


3 years 5 yearsAnnualised Standard Deviation of Fund 18.51 26.91Beta 0.86 0.96Sharpe Ratio 0.84 (0.13)Annualised Tracking Error 6.92 6.11Annualised Information Ratio 0.89 0.68R-Squared 0.88 0.95


Codes (Class S - 2 Acc)

SEDOL B628H91

ISIN LU0476875439

BLOOMBERG ABAPS2U LX

REUTERS LP68047701

VALOREN 11135655

WKN A1CS3T


Fund type SICAV

Domicile Luxembourg

Currency USD



Sector Lipper Global Equity Sector Real Est Asia Pacific

Minimum investment US$1,500 or currency equivalent



Price as at 30/06/12 US$16.2047





Aberdeen Global - Asian Smaller Companies FundPerformance Data and Analytics to 30 June 2012


Long-term total return by investing in the equity of Asian Smaller Companies excluding Japan. For full investment objective and policy details refer to the prospectus. Performance (%)

Annualised


Fund 2.08 -4.39 13.89 -1.30 23.61 9.00 17.76Benchmark 1.79 -9.18 4.61 -18.49 10.78 -0.75 11.42Difference 0.29 4.79 9.28 17.19 12.83 9.75 6.34Sector average 1.80 -6.63 6.49 -16.24 9.36 -2.23 9.98Sector ranking 18/44 7/44 3/43 4/39 2/28 2/22 1/12Quartile 2 1 1 1 1 1 1


2012 2011 2010 2009 2008Fund -1.30 28.85 48.58 -13.95 -5.32


Year to date 2011 2010 2009 2008Fund 13.89 -11.40 39.91 72.14 -38.60Benchmark 4.61 -24.17 24.80 111.26 -59.55Difference 9.28 12.77 15.11 -39.12 20.95Sector average 6.49 -22.38 21.84 87.34 -54.42Sector ranking 3/43 5/35 4/29 21/30 3/28Quartile 1 1 1 3 1

Performance Data: Share Class A2 Acc Source: Lipper, Basis: Total Return, NAV to NAV, net of annual charges, gross Income reinvested, (USD). These figures are gross of an initial charge: to the extent that this is paid, it will reduce performance from that shown. A The Fund was created as a sub-fund of Aberdeen Global on 24/03/2006 by the conversion of Aberdeen International Asian Smaller Companies Fund. The historical track record reflects that of Aberdeen International Asian Smaller Companies Fund launched 17/05/2004. Past performance is no indication of current or future performance, and the performance data do not take account of the commissions and costs incurred on the issue and redemption of units. Fund managers’ report

Asian equities rebounded in June after the pro-bailout New Democracy party won the Greek election and Germany bowed to pressure to contain Europe's debt crisis with stopgap measures at the month-end. China’s first interest rate cut in four years also lifted sentiment. Small caps lagged their large cap counterparts.



Persistently high costs have been a challenge for some of our smaller regional holdings. But the recent easing of inflationary pressures should bode well for these companies. Meanwhile, our Indonesian bank holdings, Bank Permata and Bank OCBC NISP, are likely to benefit from the central bank’s clarification that changes to ownership limits for single shareholders in local banks would not be retroactive.


Top ten holdings

Country %ASM International Hong Kong 2.7United Plantations Malaysia 2.6Bukit Sembawang Singapore 2.5BS Financial Grp South Korea 2.4Aeon Co (M) Berhad Malaysia 2.3DGB Financial South Korea 2.2Venture Corporation Singapore 2.2CDL Hospitality Trust Singapore 2.0Wheelock Properties Singapore 2.0Oriental Holdings Malaysia 1.9Total 22.8


Country breakdown

%Malaysia 16.9Hong Kong 16.2Singapore 16.1Thailand 12.6India 8.3Indonesia 7.5South Korea 5.8Australia 4.0Philippines 3.3China 3.2Other 4.0Cash 2.2Total 100.0

Sector breakdown

%Financials 29.1Consumer Discretionary 17.8Consumer Staples 12.5Industrials 12.4Information Technology 9.7Materials 6.5Health Care 4.7Other 5.2Cash 2.2Total 100.0


Key information

Benchmark MSCI AC Asia Pacific ex Japan Small CapB

Fund size US$2.0bn

Date of launch 24 March 2006A

Investment team Asian Equities TeamB From October 2007, previously MSCI AC Asia Pacific ex Japan.


The risks outlined overleaf relating to smaller companies, emerging markets and exchange rate movements are particularly relevant to this Fund but should be read in conjunction with all warnings and comments given in the prospectus for the Fund.



Aberdeen Global - Asian Smaller Companies Fund

¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯


invested.l Past performance is not a guide to the future.l The Fund invests in smaller companies which are likely to carry higher risks than larger companies.l The Fund invests in emerging markets which tend to be more volatile than mature markets and the value of your investment

could move sharply up or down. In some circumstances, the underlying investments may become illiquid which may constrain the Investment Manager’s ability to realise some of the portfolio. the registration and settlement arrangements in emerging markets may be less developed than in more mature markets so the operational risks of investing are higher. Political risks and adverse economic circumstances are more likely to arise, putting the value of your investment at risk.

l Movements in exchange rates can impact on both the level of income received and the capital value of your investment. If the currency of your country of residence strengthens against the currency in which the underlying investments of the Fund are made, the value of your investment will reduce and vice versa.






SEDOL B0L11H5

ISIN LU0231459107

BLOOMBERG AGASMA2 LX

REUTERS LP65028095

VALOREN 2320486

WKN A0HMM3


Fund type SICAV

Domicile Luxembourg

Currency USD



Sector Lipper Global Equity Asia Pacific Sm&Mid Cap




Price as at 30/06/12 US$36.7174





Aberdeen Global - Australasian Equity Fund Performance Data and Analytics to 30 June 2012


Long-term total return by investing in Australian and New Zealand equities. For full investment objective and policy details refer to the prospectus. Performance (%)

Annualised


Fund 2.15 -3.18 5.40 -5.72 3.09 -3.70 6.77Benchmark 0.25 -5.64 2.86 -7.04 5.86 -4.08 8.86Difference 1.90 2.46 2.54 1.32 -2.77 0.38 -2.09Sector average -0.36 -5.01 3.88 -5.42 5.53 -4.05 7.26Sector ranking 1/49 8/47 9/43 23/41 26/33 7/19 1/1Quartile 1 1 1 3 4 2 –


2012 2011 2010 2009 2008Fund -5.72 6.95 8.67 -16.35 -9.67


Year to date 2011 2010 2009 2008Fund 5.40 -13.81 -1.07 31.43 -34.38Benchmark 2.86 -11.43 3.31 39.58 -40.38Difference 2.54 -2.38 -4.38 -8.15 6.00Sector average 3.88 -10.28 0.27 38.88 -37.73Sector ranking 9/43 37/39 17/38 28/43 28/42Quartile 1 4 2 3 3

Performance Data: Share Class A2 Acc Quartile ranking not shown where fewer than 9 funds in the universe. Source: Lipper, Basis: Total Return, NAV to NAV, net of annual charges, gross income reinvested, (AUD). These figures are gross of an initial charge: to the extent that this is paid, it will reduce performance from that shown. Past performance is no indication of current or future performance, and the performance data do not take account of the commissions and costs incurred on the issue and redemption of units. Fund managers’ report

Domestic equities were mixed in June, amid falling commodity prices and growing evidence of a slowdown in China. Investor sentiment was, however, lifted at month-end, after the EU summit delivered surprise emergency measures to quell the Eurozone debt crisis.

The Reserve Bank of Australia cut its benchmark interest rate by 25 basis points to 3.5%, its lowest level since November 2009; it expects modest growth in the first half of 2012, amid a downgraded outlook for China and worries about Europe’s financial problems.

First-quarter GDP grew by a more-than-expected 1.3% from the previous three months, driven largely by the mining sector.

In corporate news, QBE Insurance will not be materially affected by new US rules on the force-placed insurance market in New York, as it constitutes only a small percentage of its overall business. Rio Tinto will invest US$4.2 billion to develop its iron ore business, of which US$3.7 billion will be used to expand port and rail facilities in Western Australia.

Top ten holdings

Sector %BHP Billiton Materials 8.9Rio Tinto Materials 6.3Woolworths Consumer Staples 6.1Commonwealth Bank of Australia Financials 5.7QBE Insurance Financials 5.7Australia & New Zealand Bank Financials 5.5Westfield Group Financials 4.8Australian Stock Exchange Financials 4.4SP Ausnet Utilities 4.4Westpac Bank Financials 4.4Total 56.2


Country breakdown

%Australia 97.0Cash 3.0Total 100.0

Sector breakdown

%Financials 35.2Materials 22.9Consumer Staples 10.5Utilities 8.7Energy 4.2Telecommunication Services 3.8Information Technology 3.5Other 8.1Cash 3.0Total 100.0


Key information

Benchmark ASX All Ordinaries

Fund size A$70.4m




The risks outlined overleaf relating to single country market exposure and exchange rate movements are particularly relevant to this Fund but should be read in conjunction with all warnings and comments given in the prospectus for the Fund.



Aberdeen Global - Australasian Equity Fund

¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯


invested.l Past performance is not a guide to the future.l Exposure to a single country market increases potential volatility.l Movements in exchange rates can impact on both the level of income received and the capital value of your investment. If




3 years 5 yearsAnnualised Standard Deviation of Fund 12.42 14.66Beta 0.87 0.84Sharpe Ratio (0.02) (0.57)Annualised Tracking Error 3.31 4.81Annualised Information Ratio (0.86) 0.18R-Squared 0.95 0.93

Source: Aberdeen Asset Management, Total return, Gross of Fees, Russell/Mellon Analytical Services, Factset, A$. Please note the risk analytics figures are calculated on gross returns whereas the performance figures are based on net asset value (NAV) returns. In addition, the risk analytics figures lag the performance figures by one month.


SEDOL 4008776

ISIN LU0011963328

BLOOMBERG AETAUEI LX

REUTERS LP60000014

VALOREN 608237

WKN 973327


Fund type SICAV

Domicile Luxembourg

Currency AUD



Sector Lipper Global Equity Australasia




Price as at 30/06/12 A$24.3900





Aberdeen Global - Chinese Equity Fund Performance Data and Analytics to 30 June 2012


Long-term total return by investing in Chinese equities. For full investment objective and policy details refer to the prospectus. Performance (%)

Annualised


Fund 2.35 -5.14 6.94 -7.57 11.57 3.61 13.57Benchmark 2.94 -5.14 5.31 -13.43 4.16 1.57 –Difference -0.59 0.00 1.63 5.86 7.41 2.04 –Sector average 0.70 -7.41 0.92 -20.35 2.15 -2.88 –Sector ranking 47/212 41/211 12/207 4/201 5/147 6/103 2/5Quartile 1 1 1 1 1 1 –


2012 2011 2010 2009 2008Fund -7.57 22.84 22.36 -16.28 2.67


Year to date 2011 2010 2009 2008Fund 6.94 -14.84 27.58 66.38 -50.24Benchmark 5.31 -17.54 10.03 62.05 -50.86Difference 1.63 2.70 17.55 4.33 0.62Sector average 0.92 -22.43 11.46 68.53 -51.65Sector ranking 12/207 13/188 3/181 75/153 78/154Quartile 1 1 1 2 3

Performance Data: Share Class A2 Acc The Class S share has less than 12 months of performance history, and therefore no fund performance data can currently be shown for this class. Quartile ranking not shown where fewer than 9 funds in the universe. Source: lipper, ClSA, russell Mellon. Basis: Total Return, NAV to NAV, net of annual charges, gross Income reinvested, (USD). These figures are gross of an initial charge: to the extent that this is paid, it will reduce performance from that shown. A The fund was created as a sub fund of Aberdeen Global on 24/03/2006 by the conversion of Aberdeen International China opportunities Fund. The historical track record reflects that of Aberdeen International China Opportunities Fund launched 27/04/1992. Past performance is no indication of current or future performance, and the performance data do not take account of the commissions and costs incurred on the issue and redemption of units. Fund managers’ report

The MSCI Zhong Hua Index rebounded in June on the back of China’s first interest rate cut since 2008. Optimism over Europe’s latest efforts to stem the debt crisis also lifted sentiment.

Worries about the Chinese economy persisted, however. Retail sales and fixed-asset investment weakened in May. Industrial output grew slower than expected. On a more positive note, exports and imports rose sharply, while inflation fell to a two-year low.

In further efforts to liberalise the financial sector, Chinese authorities relaxed rules and widened market access for foreign institutional investors. Separately, the implementation of tougher bank capital rules was delayed to avoid exacerbating tight credit conditions.

In portfolio-related news, Hong Kong Economic Times, Café de Coral and Hung Hing Printing posted lower full-year profits because of higher costs. Conversely, Standard Chartered released a positive interim trading update which showed continued income growth, albeit at a slower pace than last year. The lender’s net interest margin improved and costs were under control; it expects high single-digit profit before tax growth.


Top ten holdings

Sector %Jardine Strategic Holdings Industrials 7.6

China MobileTelecommunication Services 5.0

AIA Grp Financials 4.6ASM Pacific Technology Information Technology 4.6HSBC Hldgs Ord Financials 4.6Li & Fung Industrials 4.6CNOOC Energy 4.1PetroChina Energy 4.1Standard Chartered Financials 4.1MTR Industrials 3.7Total 47.0


Sector breakdown

%Financials 37.2Industrials 19.1Consumer Discretionary 10.0Energy 8.4Telecommunication Services 6.6Consumer Staples 6.3Information Technology 4.6Other 5.1Cash 2.8Total 100.0


Key information

Benchmark MSCI Zhong HuaB

Fund size US$1.7bn


Investment team Asian Equities TeamB From October 2007, previously MSCI China


The risks outlined overleaf relating to emerging markets, exchange rate movements and single country markets are particularly relevant to this Fund but should be read in conjunction with all warnings and comments given in the prospectus for the Fund.



Aberdeen Global - Chinese Equity Fund

¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯


invested.l Past performance is not a guide to the future.l The Fund invests in emerging markets which tend to be more volatile than mature markets and the value of your investment

could move sharply up or down. In some circumstances, the underlying investments may become illiquid which may constrain the Investment Manager’s ability to realise some of the portfolio.the registration and settlement arrangements in emerging markets may be less developed than in more mature markets so the operational risks of investing are higher. Political risks and adverse economic circumstances are more likely to arise, putting the value of your investment at risk.

l Movements in exchange rates can impact on both the level of income received and the capital value of your investment, if the currency of your country of residence strengthens against the currency in which the underlying investments of the Fund are made, the value of your investment will reduce and vice versa.




Source: Aberdeen Asset Management, total return, Gross of Fees, Russell/Mellon Analytical Services, Lipper, US$. Please note the risk analytics figures are calculated on gross returns whereas the performance figures are based on net asset value (NAV) returns. In addition, the risk analytics figures lag the performance figures by one month.


SEDOL B0L11S6

ISIN LU0231483743

BLOOMBERG ABGCHA2 LX

REUTERS LP65028098

VALOREN 2320508

WKN A0HMN2


Fund type SICAV

Domicile Luxembourg

Currency USD



Sector Lipper Global Equity Greater China




Price as at 30/06/12 US$22.3682





Aberdeen Global - European Equity Income Fund Performance Data and Analytics to 30 June 2012

A With effect from 1/12/2011 the Aberdeen Global – Dividend Europe Fund was renamed Aberdeen Global – European Equity Income Fund.


The Fund’s investment objective is long-term total return to be achieved by investing at least two thirds of the Fund’s assets in European equities and equity related securities which are expected to produce a high dividend. For full investment objective and policy details refer to the prospectus. Performance (%)

Annualised


Fund 3.31 -0.99 4.45 2.99 12.00 -5.80 4.24Benchmark 5.21 -2.46 5.36 -3.90 8.42 -8.23 3.96Difference -1.90 1.47 -0.91 6.89 3.58 2.43 0.28Sector average 3.32 -4.02 4.59 -7.56 7.18 -7.18 3.22Sector ranking 712/1345 146/1341 725/1328 92/1286 157/1159 300/1002 225/672Quartile 3 1 3 1 1 2 2


2012 2011 2010 2009 2008Fund 2.99 11.40 22.50 -28.91 -25.79


Year to date 2011 2010 2009 2008Fund 4.45 -2.37 10.67 28.16 -44.27Benchmark 5.36 -7.51 4.13 33.46 -46.52Difference -0.91 5.14 6.54 -5.30 2.25Sector average 4.59 -12.05 10.48 29.40 -43.46Sector ranking 725/1328 65/1316 695/1361 760/1421 826/1504Quartile 3 1 3 3 3

Performance Data: Share Class S2 Acc Source: Lipper, BPSS, Datastream, Basis: Total Return, NAV to NAV, net of annual charges, gross income reinvested, (EUR). These figures are gross of an initial charge: to the extent that this is paid, it will reduce performance from that shown. A The Aberdeen Global – Dividend Europe Fund was launched on 23 July 2010 to facilitate a transfer of unitholders from the Credit Suisse Equity Fund (Lux) Dividend Europe Aberdeen (launched on 23 June 2006) to the Aberdeen Global SICAV. Prior to July 2010, the Fund’s historic track record is that of the Credit Suisse Equity Fund (Lux) Dividend Europe Aberdeen, with Aberdeen’s Pan-European equity team managing the fund since July 2009. Past performance is no indication of current or future performance, and the performance data do not take account of the commissions and costs incurred on the issue and redemption of units. Fund managers’ report

European share prices rebounded in June after Greece formed a pro-bailout coalition government and Spain secured €100 billion to shore up its banking system.

Surprise emergency measures to quell the debt crisis, such as giving the rescue fund leeway to recapitalise troubled banks directly and buy sovereign debt in the primary markets to lower borrowing costs, buoyed sentiment further.

Industrial output on the Continent fell sharply in April and leading indicators suggested the contraction in manufacturing would deepen. Meanwhile, inflation was kept in check by lower oil prices. To boost the economy, Eurozone leaders unveiled a €120 billion growth plan.

In the UK, unemployment fell in the quarter to April but claims for jobless benefits rose in May. Over £100 billion will be injected into the banking system to promote lending to small and medium-sized companies.

In June, we introduced Swedish industrial group Atlas Copco because of its attractive valuation and established global presence, supported by its sizeable aftersales revenues. Conversely, we sold Spanish insurer Mapfre given the weak domestic economy and elevated risks to its business.

Top ten holdings

Sector %British American Tobacco Consumer Goods 6.0Nestle Consumer Goods 5.4Roche Holdings Health Care 5.2GlaxoSmithKline Health Care 5.1Centrica Utilities 5.0National Grid Utilities 4.5Vodafone Telecommunications 4.1ENI Oil & Gas 4.0Royal Dutch Shell A Oil & Gas 3.8Casino Guichard Perrachon Consumer Services 3.6Total 46.7


Country breakdown

%United Kingdom 50.0France 17.2Switzerland 15.9Sweden 5.2Italy 4.0Netherlands 3.8Germany 2.0Denmark 1.5Cash 0.4Total 100.0

Sector breakdown

%Financials 16.0Consumer Goods 15.6Industrials 12.8Utilities 12.5Oil & Gas 12.0Health Care 11.8Consumer Services 8.5Other 10.5Cash 0.4Total 100.0


Key information

Benchmark MSCI Europe (Gross Returns)B

Fund size €131.8m

Date of launch 26 July 2010A

Investment team Pan European Equity Team


The risks outlined overleaf relating to specific regional market exposure and exchange rate movements are particularly relevant to this Fund but should be read in conjunction with all warnings and comments given in the prospectus for the Fund.



Aberdeen Global - European Equity Income Fund

¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯

Important informationRisk factors you should consider before investing::l The value of shares and the income from them can go down as well as up and you may get back less than the amount




l The Fund invests in emerging markets which tend to be more volatile than mature markets and the value of your investment could move sharply up or down. In some circumstances, the underlying investments may become illiquid which may constrain the Investment Manager’s ability to realise some or all of the portfolio. The registration and settlement arrangements in emerging markets may be less developed than in more mature markets so the operational risks of investing are higher. Political risks and adverse economic circumstances are more likely to arise, putting the value of your investment at risk.




Source: Aberdeen Asset Management, BPSS, Datastream, total return, Gross of Fees Russell/Mellon Analytical Services, EUR. Please note the risk analytics figures are calculated on gross returns whereas the performance figures are based on net asset value (NAV) returns. In addition, the risk analytics figures lag the performance figures by one month.


SEDOL B3TSTZ3

ISIN LU0505783562

BLOOMBERG ADEURS2 LX

REUTERS LP68052450

VALOREN 11364532

WKN A1CY85


Fund type SICAV

Domicile Luxembourg

Currency EUR



Sector Lipper Global Equity Europe




Price as at 30/06/12 €145.5283





Aberdeen Global - Eastern European Equity Fund Performance Data and Analytics to 30 June 2012


The Fund’s investment objective is long-term total return to be achieved by investing at least two thirds of the Fund’s assets in Eastern European equities and equity related securities. For full investment objective and policy details refer to the prospectus. Performance (%)

Annualised


Fund 4.54 -5.18 11.56 -10.12 10.31 -8.98 3.46Benchmark 9.39 -5.35 10.54 -13.02 15.64 -5.82 –Difference -4.85 0.17 1.02 2.90 -5.33 -3.16 –Sector average 5.63 -7.14 6.45 -18.90 7.70 -9.92 4.82Sector ranking 169/245 70/243 35/242 21/242 104/229 87/179 31/39Quartile 3 2 1 1 2 2 4


2012 2011 2010 2009 2008Fund -10.12 7.00 39.62 -51.35 -4.40


Year to date 2011 2010 2009 2008Fund 11.56 -25.96 24.94 71.19 -67.40Benchmark 10.54 -21.93 25.99 83.17 -66.12Difference 1.02 -4.03 -1.05 -11.98 -1.28Sector average 6.45 -27.84 22.02 62.75 -62.67Sector ranking 35/242 113/247 109/257 122/268 176/262Quartile 1 2 2 2 3

Performance Data: Share Class S2 Acc Source: Lipper, BPSS, Datastream, Basis: Total Return, NAV to NAV, net of annual charges, gross income reinvested, (EUR). These figures are gross of an initial charge: to the extent that this is paid, it will reduce performance from that shown. A The Aberdeen Global – eastern european equity Fund was launched on 23 July 2010 to facilitate a transfer of unithold-ers from the Credit Suisse equity Fund (lux) eastern europe Aberdeen (launched on 26 September 1997) to the Aberdeen Global SICAV. Prior to July 2010, the Fund’s historic track record is that of the Credit Suisse equity Fund (lux) eastern europe Aberdeen, with Aberdeen’s Global Emerging Markets equity team managing the fund since July 2009. Past performance is no indication of current or future performance, and the performance data do not take account of the commissions and costs incurred on the issue and redemption of units. Fund managers’ report

Eastern European equities rose in June on optimism over the region’s debt crisis, after European leaders agreed on measures to support Spain and Italy as well as foster closer financial integration. In the first quarter, Russia’s economy expanded on the back of healthy consumption. In contrast, Hungary and the Czech Republic contracted as austerity measures in Europe curbed consumer spending, which in turn dampened export demand. The jobless rate improved in Russia and Turkey, while Poland’s industrial output rose in May.

The Czech Republic cut its key interest rate to a record low amid faltering domestic demand. Moody’s raised Turkey’s credit rating to one notch below investment grade as public finances improved.

On the corporate front, Russia’s Lukoil resumed production at its largest domestic crude distillation unit after a maintenance stoppage. Lender Sberbank bought DenizBank, a Turkish subsidiary of Belgium’s Dexia, for 6.47 billion liras. Rosneft will significantly increase its dividend payout to 25% of profits.

During the month, we introduced O’Key, a leading Russian hypermarket retailer with high-quality management and robust fundamentals, on valuation grounds.

Top ten holdings

Sector %Lukoil ADR Energy 9.1Sberbank Cls Financials 8.9Bank Pekao Financials 6.3OAO Rosneft Energy 6.2Akbank Financials 4.8Magnit Consumer Staples 4.2BIM Birlesik Magazalar Consumer Staples 3.7Haci Omer Sabanci Hldgs Financials 3.7Enka Insaat Ve Sanayi Industrials 3.6Komercni Banka Financials 3.4Total 53.9


Country breakdown

%Russia 45.6Turkey 27.0Poland 10.2Czech Republic 4.8Romania 3.3Hungary 3.2Kazakhstan 2.7Slovenia 1.9Cash 1.3Total 100.0

Sector breakdown

%Financials 36.6Energy 19.9Consumer Staples 19.4Telecommunication Services 5.8Industrials 5.2Health Care 5.1Materials 4.7Other 2.2Cash 1.3Total 100.0


Key information

Benchmark MSCI EM Europe 10/40B

Fund size €100.7m


Investment team Global Emerging Markets Equity Team





Aberdeen Global - Eastern European Equity Fund

¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯





l The Fund invests in a specific regional market which can increase potential volatility.l The Fund Invests in Russia and CIS through non-regulated markets which are subject to increased risk with regard to

ownership and custody of securities.Other important information:Aberdeen Global is a Luxembourg-domiciled UCITS fund, incorporated as a Société Anonyme and organised as a Société d’investissement à Capital Variable (a “SICAV”). The information contained in this marketing document should not be considered as an offer, or solicitation, to deal in the shares of any securities or financial instruments. It is not intended for distribution or use by any person or entity who is a citizen or resident of or located in any jurisdiction where such distribution, publication or use would be prohibited. The Fund is not registered under the United States Securities Act of 1933, nor the United States Investment Company Act of 1940 and therefore may not directly or indirectly be offered or sold in the United States of America or any of its states, territories, possessions or other areas subject to its jurisdiction or to or for the benefit of a United States Person. No information, opinions or data in this document constitute investment, legal, tax or other advice and are not to be relied upon in making an investment or other decision. Subscriptions for shares in the Fund may only be made on the basis of the latest prospectus, together with the latest annual report, semi-annual report can be obtained free of charge from Aberdeen Asset Managers Limited, 10 Queens Terrace, Aberdeen, AB10 1YG, Scotland and are also available on www.aberdeen-asset.com. In Switzerland these documents along with the Fund’s articles of association can be obtained from the Fund’s Representative and Paying Agent, BNP Paribas Securities, Zurich Branch, Selnaustrasse 16, CH 8002 Zurich, Switzerland. Tax treatment depends on the individual circumstances of each investor and may be subject to change in the future. You should obtain specific professional advice before making any investment decision. Issued in Switzerland by Aberdeen Asset Managers Switzerland AG (“AAMS”). Registered in Switzerland No. CH-020.3.033.962-7. Registered Office: Schweizergasse 14, 8001 Zurich. Authorised and regulated by the Swiss Financial Market Supervisory Authority (FINMA) Issued in the EU by Aberdeen Asset Managers Limited. Registered in Scotland No.108419. Registered Office: 10 Queen’s Terrace, Aberdeen, AB10 1YG. Authorised and regulated by the Financial Services Authority in the United Kingdom. Aberdeen Asset Managers Limited reserves the right to make changes and corrections to any information in this document at any time, without notice.


3 years 5 yearsAnnualised Standard Deviation of Fund 20.40 30.81Beta 0.87 0.96Sharpe Ratio 0.33 (0.31)Annualised Tracking Error 5.81 4.97Annualised Information Ratio (0.33) (0.26)R-Squared 0.94 0.98



SEDOL B3TY553

ISIN LU0505785005

BLOOMBERG AESEES2 LX

REUTERS LP68052462

VALOREN 11366486

WKN A1CY8X


Fund type SICAV

Domicile Luxembourg

Currency EUR



Sector Lipper Global Equity Emerging Mkts Europe




Price as at 30/06/12 €84.4493





Aberdeen Global - Select Emerging Markets Bond FundPerformance Data and Analytics to 30 June 2012

A With effect from 1/12/2011 the Aberdeen Global – Emerging Markets Bond Fund was renamed Aberdeen Global – Select Emerging Markets Bond Fund.


Long-term total return by investing in fixed interest securities issued by Emerging Market corporations and government related bodies. For full investment objective and policy details refer to the prospectus. Performance (%)

Annualised


Fund 2.70 0.62 6.96 7.69 15.09 7.17 12.49Benchmark 3.51 2.76 7.12 9.77 13.12 9.17 10.67Difference -0.81 -2.14 -0.16 -2.08 1.97 -2.00 1.82Sector average 3.18 -1.43 4.83 -1.16 10.10 5.43 9.82Sector ranking 393/639 179/624 129/602 77/545 18/283 67/204 9/82Quartile 3 2 1 1 1 2 1


2012 2011 2010 2009 2008Fund 7.69 11.88 26.56 -6.68 -0.63


Year to date 2011 2010 2009 2008Fund 6.96 5.12 14.23 47.92 -26.15Benchmark 7.12 7.35 12.24 29.81 -12.03Difference -0.16 -2.23 1.99 18.11 -14.12Sector average 4.83 0.23 11.89 29.49 -18.82Sector ranking 129/602 115/471 119/364 22/302 236/285Quartile 1 1 2 1 4

Performance Data: Share Class A2 Acc Source: Lipper. Basis: Total Return, NAV to NAV, net of annual charges, gross Income reinvested, (USD). These figures do not include the initial charge; if this is paid it will reduce performance from that shown. Past performance is no indication of current or future performance, and the performance data do not take account of the commissions and costs incurred on the issue and redemption of units. Fund managers’ report

Emerging market debt posted strong gains in June following the market-friendly election outcome in Greece and positive news from the European Union summit, with the EMBI Global Diversified index (hard currency) rising 3.5%, while the benchmark spread narrowed 54 basis points to +360 basis points over US Treasuries.

High yield sovereigns outperformed in hard currency debt, with Argentina and Ivory Coast surging 12% and 11% respectively, while Venezuela gained nearly 5%.

The fund outperformed its benchmark over the month.

Overweight positions in Ivory Coast, Argentina, Venezuela and Croatia hard currency sovereign bonds were positive contributors to performance over the month. Exposure to off-benchmark UAE and Qatar quasi-sovereign and corporate bonds added to performance.

Key fund changes in June were to reduce Argentina to market weight and reduce the overweight exposure to Venezuela, South African rand and Chinese high grade corporates.

Annualised tracking error

3 years 5 yearsAnnualised tracking error 3.18 5.61

Source: Aberdeen Asset Management, total return, Gross of Fees russell/Mellon Analytical Services, USD. Please note the risk analytics figures are calculated on gross returns whereas the performance figures are based on net asset value (NAV) returns. In addition, the risk analytics figures lag the performance figures by one month.

Top ten holdings

%

Mexico (United Mexican States) 6.05% 11/01/40 4.4South Africa (Rep of) 8.25% 15/09/17 3.7Venezuela (Rep of) 12.75% 23/08/22 3.4Turkey (Rep of) 6.25% 26/09/22 3.1Ivory Coast (Govt of) 2.5% 31/12/32 2.1Eskom Holdings 5.75% 26/01/21 2.0Qatar (State of) 6.4% 20/01/40 2.0Dominican (Rep of) 7.5% 06/05/21 1.9Dubai Govt Intl Bonds 7.75% 05/10/20 1.7Malaysian (Govt of) FRN 31/05/13 1.7Total 26.0


Credit Rating (%)

Fund Benchmark DifferenceAA 4.6 – 4.6A 5.9 11.4 (5.5)BBB 41.8 42.7 (0.9)BB 20.6 26.9 (6.3)B 18.8 17.3 1.5CCC – 0.2 (0.2)CC – 0.1 (0.1)D 2.1 0.6 1.5Cash 5.4 – 5.4Unrated 0.7 0.8 (0.1)Total 100.0 100.0Ave long term rating BB+ BB+

Cash includes cash on call, cash used as margin, fixed deposits, unrealised profit/losses on derivative positions and forward currency contracts. Where bonds held in the portfolio are split-rated between Moody’s, S&P and Fitch the lower of the ratings is used. Figures may not always sum to 100 due to rounding.

Key information

Benchmark JPM EMBI GD USD

Fund size US$1.8bn

Date of launch 15 August 2001

Investment team Emerging Markets Fixed Income Team


The risks outlined overleaf relating to exchange rate movements, emerging markets and bonds are particularly relevant to this Fund but should be read in conjunction with all warnings and comments given in the prospectus for the Fund.



Aberdeen Global - Select Emerging Markets Bond Fund

Market Exposure (%)

Fund Benchmark DifferenceMexico 15.1 6.1 9.0South Africa 7.3 3.6 3.7Brazil 7.0 6.7 0.3Venezuela 6.1 4.1 2.0Russia 6.1 6.0 0.1Turkey 5.7 6.0 (0.3)United States 5.1 – 5.1United Arab Emirates 5.0 – 5.0Indonesia 3.8 5.8 (2.0)Lithuania 3.7 2.6 1.1Others 35.1 59.1 (24.0)Total 100.0 100.0

Currency exposure

%United States 85.0Mexico 4.9Brazil 2.1South Africa 2.0Uruguay 1.8Malaysia 1.8China 1.2Peru 1.0Euro 0.1Total 100.0

Fund statistics

Average maturity vs benchmark

10.0 vs 11.0 (years)

Modified duration vs benchmark

6.3 vs 7.1 (years)

Yield to maturity 4.9% benchmark 5.7% fund

Yields 4.29% underlying 4.29% distribution


SEDOL 7178449

ISIN LU0132414144

BLOOMBERG ABESOAA LX

REUTERS LP60059017

VALOREN 1292009

WKN 769092


Fund type SICAV

Domicile Luxembourg

Currency USD


Income payable 31 January

Sector Lipper Global Bond Emerging Markets Global




Price as at 30/06/12 US$36.0023




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l The value of a bond will fall in the event of the default or reduced credit rating of the issuer (or if credit spreads widen, relative to gilts). Similarly, an increase in credit rating (or narrowing of credit spreads) can lead to capital appreciation. Generally, the higher the quality of the issuer, the lower the interest rate at which they can borrow money,Issuers of a lower quality will tend to have to pay more to borrow money to compensate the lender (the purchases of a bond) for the extra risk taken.


l The underlying investments in the Fund are subject to two types of risk:interest rate risk and credit risk. Interest rate fluctuations affect the capital value of investments. Where long term interest rates rise, the capital value of shares is likely to fall and vice versa. Credit risk reflects the ability of the borrower (bond issuer) to meet is obligations (pay the interest on a bond and return the capital on redemption date).

l The Fund’s portfolio may have a significant position in high-yielding bonds, which means that there is more risk to investor’s capital and income than from a fund investing in investment grade bonds.

l The Fund invests in emerging markets which tend to be more volatile than mature markets and the value of your investment could move sharply up or down. In some circumstances, the underlying investments may become illiquid which may constrain the Investment Manager’s ability to realise some or all of the portfolio. the registration and settlement arrangements in emerging markets may be less developed than in more mature markets so the operational risks of investing are higher. Political risks and adverse economic circumstances are more likely to arise, putting the value of your investment at risk.



Aberdeen Global - Emerging Markets Corporate Bond FundPerformance Data and Analytics to 30 June 2012


Long-term total return by investing in debt and debt-related securities issued by corporations registered in or conducting the bulk of their business activities in a CEMBI Emerging Market. For full investment objective and policy details refer to the prospectus. Performance (%)

Annualised


Fund 1.45 0.07 7.21 4.07 – – 4.48Benchmark 1.78 1.68 6.81 5.80 – – 6.35Difference -0.33 -1.61 0.40 -1.73 – – -1.87


2012 2011 2010 2009 2008Fund 4.07 – – – –


Year to date 2011 2010 2009 2008Fund 7.21 – – – –Benchmark 6.81 – – – –Difference 0.40 – – – –

Performance Data: Share Class A2 Acc Source: Lipper. Basis: Total Return, NAV to NAV, net of annual charges, gross Income reinvested, (USD). These figures do not include the initial charge; if this is paid it will reduce performance from that shown. There are no sector average, ranking or quartile data: the fund is in the Lipper Global Bond Emerging Markets Global sector but this sector is too general. Until there is an Emerging Markets Corporate Bond sector the fund is not appropriately compared against its peers by the lipper Global classification scheme. Past performance is no indication of current or future performance, and the performance data do not take account of the commissions and costs incurred on the issue and redemption of units. Fund managers’ report

Emerging market corporates were stronger over the month following the outcome in Greece and positive news from the EU summit.

The CEMBI Broad Diversified index gained 1.8% with Europe posting the strongest returns. High yield returned 2.15%, and investment grade returned 1.63%.

Total Issuance for June was $18.3 billion with the greatest issuance in Asia and Latin America, reflecting an increase in investor risk appetite.

The fund outperformed the index, returning 1.45% for the month of June. Overweight positions in UAE and high yield credits added to performance. Credit selection in Indonesia and Russia also added to performance.

We remain cautious in this environment and reduced our high grade credit exposure over June. We continue to look out for buying opportunities for specific credits with stable fundamentals and sufficient liquidity.

Top ten holdings

%

IPIC 5.5% 01/03/22 2.8Industrial Sub Tst 8.25% 27/07/21 2.3Jafz Sukuk 7% 19/06/19 2.3GTB Finance 7.5% 19/05/16 1.9Aeropuertos Argentina 10.75% 01/12/20 1.8Pacific Rubiales Energy 7.25% 12/12/21 1.8Pertamina 4.875% 03/05/22 1.7Yasar Hldgs 9.625% 07/10/15 1.7Axtel Sab De Cv 9% 22/09/19 1.6Dubai Electricity & Water 7.375% 21/10/20 1.5Total 19.4


Sector breakdown

%Financials 31.9Energy 17.7Real Estate 13.5Telecommunication Services 9.4Industrials 7.1Utilities 5.1Materials 4.5Other 5.5Cash 5.3Total 100.0


Credit Rating (%)

Fund Benchmark DifferenceAAA – 0.2 (0.2)AA 2.8 1.8 1.0A 5.8 29.3 (23.5)BBB 26.6 38.2 (11.6)BB 33.8 15.4 18.4B 22.7 11.3 11.4CCC 1.6 1.6 –Cash 5.3 – 5.3Unrated 1.3 2.1 (0.8)Total 100.0 100.0Ave long term rating BB BBB-


Key information

Benchmark JPM Corporate EMBI Broad Diversified

Fund size US$88.7m

Date of launch 30 December 2010



The risks outlined overleaf relating to exchange rate movements, emerging markets and bonds are particularly relevant to this Fund but should be read in conjunction with all warnings and comments given in the prospectus for the Fund.



Aberdeen Global - Emerging Markets Corporate Bond Fund

Market Exposure (%)

Fund Benchmark DifferenceLatin America 33.7 27.2 6.5Asia 28.0 40.4 (12.4)Central & Eastern Europe 19.2 12.8 6.4Middle East 10.6 16.4 (5.8)Africa 3.2 3.2 –Cash 5.3 – 5.3Total 100.0 100.0

Fund statistics


6.0 vs 7.5 (years)


4.4 vs 5.1 (years)




SEDOL B681XG3

ISIN LU0566480116

BLOOMBERG ABEEMA2 LX

REUTERS LP68087557

VALOREN 12575568

WKN A1JFG4


Fund type SICAV

Domicile Luxembourg

Currency USD


Income payable 31 January, 28 February, 31 March, 30 April, 31 May, 30 June, 31 July, 31 August, 30 September, 31 October, 30 November, 31 December





Price as at 30/06/12 US$10.5945




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Top ten holdings

Country %Samsung Electronics (Pref) South Korea 4.2

China MobileChina/Hong Kong 3.9

Vale Brazil 3.9TSMC Taiwan 3.6FEMSA ADR Mexico 3.4Ultrapar Participacoes Brazil 3.2Banco Bradesco (Pref) ADR Brazil 3.1Grupo Financiero Banorte Mexico 3.1Astra Intl Indonesia 3.0Lukoil ADR Russia 2.8Total 34.2


Country breakdown

%Brazil 17.1China/Hong Kong 16.6India 11.4Mexico 8.2South Africa 5.7South Korea 5.5Turkey 5.3Thailand 5.1Taiwan 4.7Indonesia 3.0Other 15.7Cash 1.8Total 100.0

Sector breakdown

%Financials 34.9Energy 15.4Consumer Staples 12.6Information Technology 10.0Materials 7.5Consumer Discretionary 5.8Telecommunication Services 4.9Other 7.1Cash 1.8Total 100.0


Key information

Benchmark MSCI Emerging Markets

Fund size US$12.2bn

Date of launch 15 August 2001



Aberdeen Global - Emerging Markets Equity Fund Performance Data and Analytics to 30 June 2012


Long-term total return by investing in Emerging Market equities. For full investment objective and policy details refer to the prospectus. Performance (%)

Annualised


Fund 4.97 -6.29 7.28 -6.52 15.32 6.48 18.73Benchmark 3.91 -8.77 4.12 -15.67 10.09 0.21 15.27Difference 1.06 2.48 3.16 9.15 5.23 6.27 3.46Sector average 3.29 -9.39 2.69 -17.27 7.49 -2.49 12.51Sector ranking 163/1110 130/1094 106/1070 58/1016 33/731 16/494 7/265Quartile 1 1 1 1 1 1 1


2012 2011 2010 2009 2008Fund -6.52 25.60 30.67 -14.65 4.55


Year to date 2011 2010 2009 2008Fund 7.28 -12.29 25.64 79.91 -43.90Benchmark 4.12 -18.17 19.20 79.02 -53.18Difference 3.16 5.88 6.44 0.89 9.28Sector average 2.69 -20.28 17.13 75.64 -55.40Sector ranking 106/1070 54/948 76/832 242/777 36/681Quartile 1 1 1 2 1

Performance Data: Share Class A2 Acc The Class S share has less than 12 months of performance history, and therefore no fund performance data can currently be shown for this class. Source: Lipper, Basis: Total Return, NAV to NAV, net of annual charges, gross Income reinvested, (USD). These figures are gross of an initial charge: to the extent that this is paid, it will reduce performance from that shown. Note: the fund changed its objective on 30 June 2003. the objective changed so significantly that performance is taken from the date of the new objective Past performance is no indication of current or future performance, and the performance data do not take account of the commissions and costs incurred on the issue and redemption of units. Fund managers’ report

Emerging markets equities rebounded in June as risk appetite improved. The outcome of the Greek election and Europe’s latest efforts to address the region’s debt crisis buoyed markets. China’s interest rate cut and hopes that other leading central banks may introduce similar stimulus measures to counter flagging economic growth further boosted sentiment.

Broad economic weakness became more evident, with GDP growth slowing and manufacturing PMI cooling in many key developing economies. Lacklustre retail sales data in countries such as Brazil, Hungary and South Africa suggested that consumer spending may be increasingly strained. Meanwhile, rising consumer loan defaults in Brazil heightened concerns that households struggling with debt may hurt domestic growth in the coming months. On a brighter note, inflation generally receded, enabling most central banks to hold interest rates steady. Moody’s raised Turkey’s credit rating to one notch below investment grade as public finances improved.

In June we topped up Petrobras, trimmed BIM on valuation grounds and took profits in Femsa following its outperformance.


The risks outlined overleaf relating to emerging markets and exchange rate movements are particularly relevant to this Fund but should be read in conjunction with all warnings and comments given in the prospectus for the Fund.



Aberdeen Global - Emerging Markets Equity Fund

¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯



could move sharply up or down.In some circumstances, the underlying investments may become illiquid which may constrain the Investment Manager’s ability to realise some of the portfolio.The registration and settlement arrangements in emerging markets may be less developed than in more mature markets so the operational risks of investing are higher.political risks and adverse economic circumstances are more likely to arise, putting the value of your investment at risk.

l Movements in exchange rates can impact on both the level of income received and the capital value of your investment.If the currency of your country of residence strengthens against the currency in which the underlying investments of the Fund are made, the value of your investment will reduce and vice versa.




Source: Aberdeen Asset Management, Total return, Gross of Fees, Russell/Mellon Analytical Services, US$. Please note the risk analytics figures are calculated on gross returns whereas the performance figures are based on net asset value (NAV) returns. In addition, the risk analytics figures lag the performance figures by one month.


SEDOL 7178416

ISIN LU0132412106

BLOOMBERG ABEFROA LX

REUTERS LP60059015

VALOREN 1291920

WKN 769088


Fund type SICAV

Domicile Luxembourg

Currency USD



Sector Lipper Global Equity Emerging Mkts Global




Price as at 30/06/12 US$59.6193





Aberdeen Global - Emerging Markets Local Currency Bond FundPerformance Data and Analytics to 30 June 2012


Long-term total return to be achieved by investing at least two-thirds of the Fund’s assets in fixed interest securities which are issued by corporations with their registered office in, and/or government related bodies domiciled in an Emerging Market country and denominated in the currency of that Emerging Market as at the date of investment. For full investment objective and policy details refer to the prospectus. Performance (%)

Annualised


Fund 3.45 -2.94 5.02 -4.77 – – 3.58Benchmark 5.58 -1.21 6.99 -1.69 – – 6.26Difference -2.13 -1.73 -1.97 -3.08 – – -2.68Sector average 3.17 -1.44 4.82 -1.16 – – 5.83Sector ranking 297/639 432/624 303/602 344/545 – – 287/373Quartile 2 3 3 3 – – 4


2012 2011 2010 2009 2008Fund -4.77 17.54 – – –


Year to date 2011 2010 2009 2008Fund 5.02 -3.70 – – –Benchmark 6.99 -1.75 – – –Difference -1.97 -1.95 – – –Sector average 4.82 0.23 – – –Sector ranking 303/602 355/471 – – –Quartile 3 4 – – –

Performance Data: Share Class A-2 Acc Source: Lipper, JP Morgan, russell Mellon Basis: Total Return, NAV to NAV, net of annual charges, gross income reinvested, USD. These figures are gross of an initial charge: to the extent that this is paid, it will reduce performance from that shown. Past performance is no indication of current or future performance, and the performance data do not take account of the commissions and costs incurred on the issue and redemption of units. Fund managers’ report

Emerging market debt posted strong gains in June following the market-friendly election outcome in Greece and positive news from the European Union summit

Local currency debt outperformed hard currency debt on the back of a stronger Euro with the GBI-EM Global Diversified index (local currency) rising 5.6%.

Hungary was the top performer in local currency debt with a gain of over 13%, while Mexico was up close to 11% in the lead up to the presidential election at the start of July. Other Euro-related local markets also performed strongly, with Poland and South Africa rising over 8%.

The fund underperformed its benchmark over the month.

Overweight positions in Mexico and South Africa rates and FX were positive contributors to performance over the period.

An underweight position in Hungarian forint was the largest detractor from performance. Underweight positions in Columbia and Turkish lira also weighed on performance.

Top ten holdings

%

Russian Federation 7.85% 10/03/18 6.8South Africa (Rep of) 10.5% 21/12/26 5.4Mex Bonos Desarr 8% 11/06/20 4.4South Africa (Rep of) 8.25% 15/09/17 4.4Thailand (King of) 3.625% 22/05/15 4.0Malaysian (Govt of) FRN 31/05/13 3.6Brazil (Fed Rep of) 12.5% 05/01/16 3.1Turkey (Rep of) 10.5% 15/01/20 2.9Malaysian (Govt of) 3.58% 28/09/18 2.6Poland (Rep of) 5.25% 25/10/17 2.4Total 39.6


Credit Rating (%)

Fund Benchmark DifferenceA 28.6 30.1 (1.5)BBB 45.9 44.6 1.3BB 16.3 16.6 (0.3)B 1.2 – 1.2Cash 6.0 – 6.0Unrated 1.9 8.8 (6.9)Total 100.0 100.0Ave long term rating BBB BBB


Market Exposure (%)

Fund Benchmark DifferenceMexico 12.2 10.0 2.2South Africa 11.4 10.0 1.4Brazil 10.0 10.0 –Malaysia 9.3 10.0 (0.7)Turkey 9.2 10.0 (0.8)Russia 8.7 8.7 –Indonesia 8.1 10.0 (1.9)Poland 7.9 10.0 (2.1)Thailand 7.2 7.6 (0.4)United States 6.1 – 6.1Others 10.0 13.7 (3.7)Total 100.0 100.0

Key information

Benchmark JPM GBI EM Global Diversified

Fund size US$191.6m




Please see the risks outlined overleaf. These should be read along with all comments given in the prospectus.



Aberdeen Global - Emerging Markets Local Currency Bond Fund

Currency exposure

%Mexico 14.9Brazil 12.5South Africa 12.1Malaysia 11.8Poland 11.1Turkey 8.9Russia 7.7Indonesia 7.6Hungary 3.1United States 2.8Others 7.5Total 100.0

Fund statistics


6.6 vs 6.7 (years)


4.6 vs 4.7 (years)



The yields shown do not take account of potential defaults on the underlying portfolio. Yields are net of charges and gross of tax and are not guaranteed.


SEDOL B3K89R4

ISIN LU0396317926

BLOOMBERG ABEMLA2 LX

REUTERS LP68045804

VALOREN 4983937

WKN A0RE3H


Fund type SICAV

Domicile Luxembourg

Currency USD







Price as at 30/06/12 US$10.8184




¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯











Aberdeen Global - Emerging Markets Smaller Companies Fund Performance Data and Analytics to 30 June 2012


Long-term total return by investing in the equity of Smaller Companies in Emerging Market countries. For full investment objective and policy details refer to the prospectus. Performance (%)

Annualised


Fund 1.53 -6.25 12.27 -4.24 23.56 7.23 9.07Benchmark 3.01 -7.96 7.39 -18.64 11.41 -0.45 3.47Difference -1.48 1.71 4.88 14.40 12.15 7.68 5.60Sector average – – – – – – –Sector ranking – – – – – – –Quartile – – – – – – –


2012 2011 2010 2009 2008Fund -4.24 25.86 56.63 -16.72 -9.78


Year to date 2011 2010 2009 2008Fund 12.27 -16.48 42.31 90.35 -46.61Benchmark 7.39 -26.96 27.47 114.32 -58.10Difference 4.88 10.48 14.84 -23.97 11.49Sector average – – – – –Sector ranking – – – – –Quartile – – – – –

Performance Data: Share Class A2 Acc Source: Lipper, Basis: Total Return, NAV to NAV, net of annual charges, gross Income reinvested, (USD). These figures are gross of an initial charge: to the extent that this is paid, it will reduce performance from that shown. There are no sector average, ranking or quartile data as the fund is currently in the Lipper Global equity emerging Markets other sector and, until there is a Lipper Global Equity Emerging Markets Small Cap sector, the fund is not appropriately being compared against its peers. Past performance is no indication of current or future performance, and the performance data do not take account of the commissions and costs incurred on the issue and redemption of units. Fund managers’ report

Smaller companies in emerging markets tracked their larger counterparts higher in June. The outcome of the Greek election and Europe's latest efforts to address the region's debt crisis buoyed markets. China's interest rate cut and hopes that other leading central banks may introduce similar stimulus measures to counter flagging economic growth further boosted sentiment.

Broad economic weakness became more evident, with GDP growth slowing and manufacturing PMI cooling in many key developing economies. Lacklustre retail sales data in countries such as Brazil, Hungary and South Africa suggested that consumer spending may be increasingly strained. Meanwhile, rising consumer loan defaults in Brazil heightened concerns that households struggling with debt may hurt domestic growth in the coming months. On a brighter note, inflation generally receded, enabling most central banks to hold interest rates steady. Moody’s raised Turkey’s credit rating to one notch below investment grade as public finances improved.

There were no significant changes to the portfolio in June.

Top ten holdings

Country %Iguatemi Emp De Shopping Brazil 3.0National Societe General Bank Egypt 2.9Aeroportuario del Centro Norte Mexico 2.6Aeon Co (M) Berhad Malaysia 2.5Clicks Group South Africa 2.4Siam Makro Thailand 2.3Spar Group South Africa 2.1Wilson Sons Ltd Brazil 2.0African Oxygen South Africa 1.9BRD - Groupe Societe Generale Romania 1.9Total 23.6


Country breakdown

%Brazil 15.0China/Hong Kong 11.6South Africa 9.6Thailand 8.9Malaysia 8.2India 5.5Indonesia 5.0Turkey 4.9South Korea 3.5Egypt 2.9Other 21.8Cash 3.1Total 100.0

Sector breakdown

%Financials 25.8Consumer Staples 19.9Consumer Discretionary 14.1Industrials 12.7Materials 10.2Information Technology 7.6Health Care 6.3Other 0.4Cash 3.1Total 100.0


Key information

Benchmark MSCI Global Emerging Markets Small Cap

Fund size US$1.6bn

Date of launch 26 March 2007



The risks outlined overleaf relating to emerging markets, smaller companies and exchange rates are particularly relevant to this Fund but should be read in conjunction with all warnings and comments given in the prospectus for the Fund.



Aberdeen Global - Emerging Markets Smaller Companies Fund

¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯




l The Fund invests in smaller companies which are likely to carry higher risks than larger companies.l Movements in exchange rates can impact on both the level of income received and the capital value of your investment. If







SEDOL B1KR676

ISIN LU0278937759

BLOOMBERG AEMSAUA LX

REUTERS LP65071396

VALOREN 2942183

WKN A0MQN4


Fund type SICAV

Domicile Luxembourg

Currency USD



Sector Lipper Global Equity Emerging Mkts Global




Price as at 30/06/12 US$15.7996





Aberdeen Global - Ethical World Equity Fund Performance Data and Analytics to 30 June 2012


Long-term total return by investing in equities and equity-related securities selected on the basis of thorough fundamental company analysis and ethical and socially responsible criteria. For full investment objective and policy details refer to the prospectus. Performance (%)

Annualised


Fund 3.43 -6.68 1.31 -7.78 – – -3.93Benchmark 5.01 -5.27 6.12 -5.68 – – -0.31Difference -1.58 -1.41 -4.81 -2.10 – – -3.62Sector average 3.96 -6.81 3.37 -10.19 – – -3.68Sector ranking 3386/5109 2674/5080 3981/5019 1806/4874 – – 2484/4660Quartile 3 3 4 2 – – 3


2012 2011 2010 2009 2008Fund -7.78 – – – –


Year to date 2011 2010 2009 2008Fund 1.31 -7.34 – – –Benchmark 6.12 -6.48 – – –Difference -4.81 -0.86 – – –Sector average 3.37 -9.31 – – –Sector ranking 3981/5019 1740/4841 – – –Quartile 4 2 – – –

Performance Data: Share Class A2 Acc Source: Lipper. Basis: Total Return, NAV to NAV, net of annual charges, gross Income reinvested, (USD). These figures do not include the initial charge; if this is paid it will reduce performance from that shown. Past performance is no indication of current or future performance, and the performance data do not take account of the commissions and costs incurred on the issue and redemption of units. Fund managers’ report

Global equities rallied in June, with developed markets generally outperforming their emerging counterparts. Risk appetite improved following China’s interest rate cut and a more coordinated effort to stem the Eurozone’s sovereign debt crisis towards the end of the month. Hopes of fresh stimulus measures and Greece’s formation of a pro-bailout coalition government also reassured investors.

Economic data continued to disappoint. Britain slipped into technical recession in the first quarter, while the French economy stalled. In the Eurozone, unemployment hit a fresh high of 11.1% in May, while industrial production fell in April. Elsewhere, China's manufacturing activity slowed.

Inflation held steady in the Continent and eased in the UK owing to lower food and fuel prices. The US Federal Reserve extended its “Operation Twist” program to keep long-term interest rates low. To address its national debt, Japan passed a bill through the lower house to double sales tax by 2015.

Credit rating agencies Moody’s and Fitch downgraded Spain’s rating from A to BBB.


Top ten holdings

Country %Vodafone United Kingdom 4.5Roche Holdings Switzerland 4.0TSMC ADS Taiwan 3.8Johnson & Johnson United States 3.5Zurich Financial Services Switzerland 3.3Novartis Switzerland 3.0Tenaris ADR Italy 3.0Standard Chartered United Kingdom 2.9PepsiCo United States 2.6Singapore Telecommunications Singapore 2.6Total 33.2


Country breakdown

%United States 20.4United Kingdom 14.4Switzerland 10.4Japan 7.8Taiwan 5.9Italy 5.5Singapore 5.1Sweden 4.9Brazil 4.6Canada 4.6Other 12.7Cash 3.7Total 100.0

Sector breakdown

%Financials 17.3Technology 14.9Telecommunications 12.7Health Care 12.7Oil & Gas 11.3Industrials 10.3Basic Materials 5.5Other 11.6Cash 3.7Total 100.0


Key information

Benchmark FTSE World

Fund size US$157.5m


Investment team Global Equity Team





Aberdeen Global - Ethical World Equity Fund

¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯




l The Fund invests a relatively small proportion of its assets in emerging markets which tend to be more volatile than mature markets and the value of your investment could move sharply up or down. In some circumstances, the underlying investments may become illiquid which may constrain the Investment Manager’s ability to realise some or all of the portfolio. the registration and settlement arrangements in emerging markets may be less developed than in more mature markets so the operational risks of investing are higher. Political risks and adverse economic circumstances are more likely to arise, putting the value of your investment at risk.



SEDOL B5PTG08

ISIN LU0566482674

BLOOMBERG ABEEWA2 LX

REUTERS LP68081133

VALOREN 12247514

WKN A1H5ER


Fund type SICAV

Domicile Luxembourg

Currency USD



Sector Lipper Global Equity Global




Price as at 30/06/12 US$9.4158





Aberdeen Global - Select Euro High Yield Bond FundPerformance Data and Analytics to 30 June 2012

A With effect from 1/12/2011 the Aberdeen Global – Euro High Yield Bond Fund was renamed Aberdeen Global – Select Euro High Yield Bond Fund.


Long-term total return by investing in Euro denominated Sub-Investment Grade fixed interest securities issued by corporations or government related bodies. For full investment objective and policy details refer to the prospectus. Performance (%)

Annualised


Fund 0.75 -3.68 9.31 -3.58 17.46 0.56 3.55Benchmark 2.53 1.45 12.48 8.22 18.24 7.50 4.86Difference -1.78 -5.13 -3.17 -11.80 -0.78 -6.94 -1.31Sector average 0.71 -0.60 8.27 1.81 12.66 4.41 4.29Sector ranking 59/92 80/90 41/87 68/74 4/53 43/43 12/19Quartile 3 4 2 4 1 4 3


2012 2011 2010 2009 2008Fund -3.58 12.74 49.14 -22.90 -17.74


Year to date 2011 2010 2009 2008Fund 9.31 -8.69 14.46 108.24 -53.43Benchmark 12.48 1.70 14.75 73.44 -34.86Difference -3.17 -10.39 -0.29 34.80 -18.57Sector average 8.27 -3.20 12.80 53.45 -29.24Sector ranking 41/87 58/63 17/56 1/56 59/59Quartile 2 4 2 1 4

Performance Data: Share Class A2 Acc Source: Bloomberg, Lipper (adjusted by Aberdeen to eliminate the effects of dilution charges). Basis: Total Return, NAV to NAV, net of annual charges, gross Income reinvested, (EUR). These figures do not include the initial charge; if this is paid it will reduce performance from that shown. Past performance is no indication of current or future performance, and the performance data do not take account of the commissions and costs incurred on the issue and redemption of units. Fund managers’ report

High yield bonds strengthen as Greece coalition formed.

Oil price in Europe drops 5 Dollars.

German 10 year government bonds move up 38 bps to 1.58%.

3 new issues priced in the month.

Euro currency rallies 2.44% versus the US dollar.



Source: Aberdeen Asset Management, total return, Gross of Fees, russell/Mellon Analytical Services, Factset, EUR. Please note the risk analytics figures are calculated on gross returns whereas the performance figures are based on net asset value (NAV) returns. In addition, the risk analytics figures lag the performance figures by one month.

Top ten holdings

%

Boats Netherlands (Ecobat) 11% 31/03/17 3.6Cirsa Funding Luxembourg 8.75% 15/05/18 3.5Intl Personal Finance 11.5% 06/08/15 3.5Bank of Ireland 4.625% 08/04/13 3.4Ineos Grp Hldgs 7.875% 15/02/16 3.1LBG Cap No2 8.875% 07/02/20 2.9Edcon Hldgs (Proprietary) FRN 15/06/14 2.7Corral Petroleum FRN 12/2017 2.6Inaer Aviation Fin 9.5% 01/08/17 2.6Polish Telev Hldgs 11.25% 15/05/17 2.5Total 30.4


Sector breakdown

%Services 26.3Banking 17.1Basic Industry 9.8Consumer Cyclical 8.8Consumer Non-Cyclical 8.2Capital Goods 7.2Media 5.1Other 11.9Cash 5.9Total 100.0


Key information

Benchmark JP Morgan Euro High Yield

Fund size €259.6m

Date of launch 23 October 2000

Investment team Fixed Income Team


The risks outlined overleaf relating to exchange rate movements and bonds are particularly relevant to this Fund but should be read in conjunction with all warnings and comments given in the prospectus for the Fund.



Aberdeen Global - Select Euro High Yield Bond Fund

Credit Rating (%)

%BBB 0.6BB 25.8B 41.3CCC or below 12.9NR 13.5Cash 5.9Total 100.0


Fund statistics


The yields shown do not take account of potential defaults on the underlying portfolio. Yields are net of charges and gross of tax and are not guaranteed. During 2001-2002 when economic and stockmarket conditions were weak, there was a significant rise in the occurrence of companies defaulting on interest payments to bondholders. these defaults impacted distributions to shareholders: the difference between the actual yield achieved during any particular 12 month period, compared with the quoted (forecast) yield prepared at the beginning of the same period, peaked at 3.2%.


SEDOL 4629489

ISIN LU0119176310

BLOOMBERG ABEEHYA LX

REUTERS LP60044822

VALOREN 1046251

WKN 589376


Fund type SICAV

Domicile Luxembourg

Currency EUR



Sector Lipper Global Bond EUR High Yield




Price as at 30/06/12 €15.0121




¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯





l Unlike income from a single bond, the level of income from the Fund is not fixed and may fluctuate,yields are estimated figures and may fluctuate.


l The Fund’s portfolio may have a predominant position in Sub-Investment Grade bonds, which means that there may be more risk to investor’s capital and income than from a fund investing in Investment Grade bonds.



Aberdeen Global - European Equity (ex-UK) Fund Performance Data and Analytics to 30 June 2012


Long-term total return by investing in European equities excluding the UK. For full investment objective and policy details refer to the prospectus. Performance (%)

Annualised


Fund 2.04 -3.42 5.15 -3.95 10.88 -7.09 6.02Benchmark 5.94 -4.13 5.53 -10.73 8.11 -6.16 7.53Difference -3.90 0.71 -0.38 6.78 2.77 -0.93 -1.51Sector average 1.61 -5.87 4.40 -8.70 7.78 -6.23 6.94Sector ranking 112/166 32/165 80/165 25/162 22/149 74/128 40/50Quartile 3 1 2 1 1 3 4


2012 2011 2010 2009 2008Fund -3.95 14.40 24.10 -29.48 -28.04


Year to date 2011 2010 2009 2008Fund 5.15 -8.44 11.48 30.91 -44.52Benchmark 5.53 -12.51 9.66 30.67 -42.25Difference -0.38 4.07 1.82 0.24 -2.27Sector average 4.40 -12.72 12.61 29.36 -41.79Sector ranking 80/165 21/163 71/164 69/170 122/181Quartile 2 1 2 2 3

Performance Data: Share Class A2 Acc Source: Lipper, Basis: Total Return, NAV to NAV, net of annual charges, gross Income reinvested, (EUR). These figures are gross of an initial charge: to the extent that this is paid, it will reduce performance from that shown. A The fund was created as a sub fund of Aberdeen Global on 24/03/2006 by the conversion of Aberdeen International European Opportunities Fund.The historical track record reflects that of Aberdeen International European Opportunities Fund launched 27/04/1992. Past performance is no indication of current or future performance, and the performance data do not take account of the commissions and costs incurred on the issue and redemption of units. Fund managers’ report


Surprise emergency measures to quell the debt crisis, such as giving the rescue fund leeway to recapitalise troubled banks directly and buy sovereign debt in the primary markets to lower borrowing costs, buoyed sentiment further, although doubts remained over their implementation.

Industrial output on the Continent fell sharply in April and leading indicators suggested the contraction in manufacturing would deepen. Business and consumer confidence deteriorated further amid high unemployment. Meanwhile, inflation was kept in check by lower oil prices. To boost the economy, Eurozone leaders unveiled a €120 billion growth plan.

In June, we introduced global tank storage operator Vopak given its stable business model and strategic positioning, which will benefit from the increasing globalisation of trade flows. Conversely, we sold Spanish insurer Mapfre because of the weak domestic economy and elevated risks to its business.

Top ten holdings

Sector %Nestle Consumer Goods 5.3Roche Holdings Health Care 4.9Aberdeen European Smaller Companies Fund Miscellaneous 4.6Linde Basic Materials 4.4Casino Guichard Perrachon Consumer Services 4.3Unilever Consumer Goods 4.2Novo-Nordisk Health Care 4.1Schindler Holdings Industrials 4.1Schneider Electric Industrials 3.9Nordea Financials 3.7Total 43.5


Country breakdown

%Switzerland 24.4France 20.9Sweden 12.8Netherlands 11.8Germany 10.9Denmark 4.1Italy 2.9Austria 2.7Norway 2.6Other 4.6Cash 2.4Total 100.0

Sector breakdown

%Industrials 33.4Consumer Goods 14.4Health Care 13.5Basic Materials 10.4Financials 8.3Oil & Gas 5.5Miscellaneous 4.6Other 7.5Cash 2.4Total 100.0


Key information

Benchmark FTSE World Europe ex UK

Fund size €19.2m




The risks outlined overleaf relating to emerging markets and exchange rate movements are particularly relevant to this Fund but should be read in conjunction with all warnings and comments given in the prospectus for the Fund.



Aberdeen Global - European Equity (ex-UK) Fund

¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯


invested.l Past performance is not a guide to the future.l The Fund invests in emerging markets which tend to be more volatile than mature markets and the value of your

investment could move sharply up or down. In some circumstances, the underlying investments may become illiquid which may constrain the Investment Manager’s ability to realise some or all of the portfolio.the registration and settlement arrangements in emerging markets may be less developed than in more mature markets so the operational risks of investing are higher. Political risks and adverse economic circumstances are more likely to arise, putting the value of your investment at risk.





Source: Aberdeen Asset Management, total return. Gross of Fees. Russell/Mellon Analytical Services. EUR. Please note the risk analytics figures are calculated on gross returns whereas the performance figures are based on net asset value (NAV) returns. In addition, the risk analytics figures lag the performance figures by one month.


SEDOL B0L1216

ISIN LU0231484808

BLOOMBERG AGEURA2 LX

REUTERS LP65028100

VALOREN 2320520

WKN A0HMS8


Fund type SICAV

Domicile Luxembourg

Currency EUR



Sector Lipper Global Equity Europe ex UK




Price as at 30/06/12 €8.3180





Aberdeen Global - European Equity Fund Performance Data and Analytics to 30 June 2012


Long-term total return by investing in European equities. For full investment objective and policy details refer to the prospectus. Performance (%)

Annualised


Fund 2.85 -1.64 6.80 1.72 13.62 -6.62 6.55Benchmark 5.32 -2.61 5.58 -4.87 10.38 -5.21 7.90Difference -2.47 0.97 1.22 6.59 3.24 -1.41 -1.35Sector average 3.32 -4.02 4.59 -7.56 7.18 -7.18 5.58Sector ranking 830/1345 207/1341 317/1328 120/1286 83/1159 430/1002 32/110Quartile 3 1 1 1 1 2 2


2012 2011 2010 2009 2008Fund 1.72 12.11 28.68 -30.35 -30.56



Performance Data: Share Class A2 Acc The Class S share has less than 12 months of performance history, and therefore no fund performance data can currently be shown for this class. Source: Lipper, Russell Mellon. Basis: Total Return, NAV to NAV, net of annual charges, gross Income reinvested, (EUR). These figures are gross of an initial charge: to the extent that this is paid, it will reduce performance from that shown. Past performance is no indication of current or future performance, and the performance data do not take account of the commissions and costs incurred on the issue and redemption of units. Fund managers’ report


Surprise emergency measures to quell the debt crisis, such as giving the rescue fund leeway to recapitalise troubled banks directly and buy sovereign debt in the primary markets to lower borrowing costs, buoyed sentiment further.

Industrial output on the Continent fell sharply in April and leading indicators suggested the contraction in manufacturing would deepen. Meanwhile, inflation was kept in check by lower oil prices. To boost the economy, Eurozone leaders unveiled a €120 billion growth plan.

In the UK, unemployment fell in the quarter to April but claims for jobless benefits rose in May. Over £100 billion will be injected into the banking system to promote lending to small and medium-sized companies.

In June, we introduced Swedish industrial group Atlas Copco because of its attractive valuation and established global presence, supported by its sizeable aftersales revenues. Conversely, we sold Spanish insurer Mapfre given the weak domestic economy and elevated risks to its business.

Top ten holdings

Sector %Nestle Consumer Goods 5.2Roche Holdings Health Care 5.0Linde Basic Materials 4.4Rolls Royce Industrials 4.3Aberdeen European Smaller Companies Fund Miscellaneous 4.2British American Tobacco Consumer Goods 4.2Nordea Financials 4.0Centrica Utilities 3.8Novo-Nordisk Health Care 3.6Unilever Consumer Goods 3.4Total 42.1


Country breakdown

%United Kingdom 50.6Switzerland 16.6France 10.2Sweden 9.0Germany 4.4Denmark 3.6Netherlands 2.6Italy 2.0Cash 1.1Total 100.0

Sector breakdown

%Industrials 20.4Consumer Goods 16.9Financials 13.7Health Care 10.8Oil & Gas 9.7Basic Materials 8.8Consumer Services 7.8Other 10.8Cash 1.1Total 100.0


Key information

Benchmark FTSE Europe

Fund size €229.2m




The risk outlined overleaf relating to exchange rate movements is particularly relevant to this Fund but should be read in conjunction with all warnings and comments given in the prospectus for the Fund.



Aberdeen Global - European Equity Fund

¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯







Source: Aberdeen Asset Management. total return, Gross of Fees, russell/Mellon Analytical Services. Factset, EUR. Please note the risk analytics figures are calculated on gross returns whereas the performance figures are based on net asset value (NAV) returns. In addition, the risk analytics figures lag the performance figures by one month.


SEDOL 5621967

ISIN LU0094541447

BLOOMBERG ABEEMAA LX

REUTERS LP60000026

VALOREN 445584

WKN 989899


Fund type SICAV

Domicile Luxembourg

Currency EUR



Sector Lipper Global Equity Europe




Price as at 30/06/12 €34.1768





Aberdeen Global - Frontier Markets Equity FundPerformance Data and Analytics to 30 June 2012


Total return by investing in equity and equity-related securities of companies predominantly in countries in the MSCI Frontier Markets Index. For full investment objective and policy details refer to the prospectus. Performance (%)

Annualised


Fund -0.34 -1.02 6.02 -8.88 – – -4.57Benchmark -0.41 -6.56 -1.32 -14.86 – – -9.83Difference 0.07 5.54 7.34 5.98 – – 5.26


2012 2011 2010 2009 2008Fund -8.88 – – – –


Year to date 2011 2010 2009 2008Fund 6.02 – – – –Benchmark -1.32 – – – –Difference 7.34 – – – –

Performance Data: Share Class I - 2 Acc Source: Lipper, Basis: Total Return, NAV to NAV, net of annual charges, gross Income reinvested, (USD). These figures are gross of an initial charge: to the extent that this is paid, it will reduce performance from that shown. There are no sector average, ranking or quartile data as the fund is currently in the Lipper Global Equity Emerging Markets Other sector and, until there is a Lipper Global Equity Emerging Markets Frontier Markets sector, the fund is not appropriately being compared against its peers. Past performance is no indication of current or future performance, and the performance data do not take account of the commissions and costs incurred on the issue and redemption of units. Fund managers’ report

Frontier equities were mixed in June. Investor confidence remained low as uncertainties persisted over the debt crisis in Europe.

First-quarter economic growth slowed in Kenya and Sri Lanka; Romania posted its second quarterly contraction.

Inflation eased in Egypt, Kenya, Nigeria, Romania and Slovenia. Separately, Qatar’s central bank expressed concerns about the longstanding policy of pegging the currency to the US dollar.

The hike in oil prices and higher crude output helped Oman reverse its fiscal deficit into a surplus during the first four months of 2012.

Fitch downgraded Egypt a notch down to junk status, while Moody’s revised its outlook for Romania to negative from stable. Meanwhile, Qatar will remain a frontier market in MSCI‘s classification.

In politics, Mohamed Morsi was sworn in as Egypt's first democratically-elected civilian president. Elsewhere, Sri Lanka banned rice exports to ensure adequate stockpiles amid severe drought conditions.


Top ten holdings

Country %MTN Group South Africa 5.2National Societe General Bank Egypt 4.8Guinness Nigeria Nigeria 4.7Tenaris ADR Argentina 4.7Bank Muscat Oman 4.6East African Breweries Kenya 4.3Commercial Bank of Qatar Qatar 4.0KRKA DD Slovenia 3.9Qatar Insurance Qatar 3.9Keells (John) Sri Lanka 3.8Total 43.9


Country breakdown

%Sri Lanka 12.3Kenya 10.9Nigeria 10.6Qatar 7.8Oman 6.7South Africa 5.2Egypt 4.8Argentina 4.7Slovenia 3.9Romania 3.6Other 23.8Cash 5.7Total 100.0

Sector breakdown

%Financials 28.7Consumer Staples 25.3Energy 11.7Telecommunication Service 9.9Industrials 8.9Health Care 7.4Materials 1.5Other 1.0Cash 5.7Total 100.0


Key information

Benchmark MSCI Frontier Markets

Fund size US$33.8m

Date of launch 16 March 2011



The risks outlined overleaf relating to frontier markets and exchange rate movements are particularly relevant to this Fund but should be read in conjunction with all warnings and comments given in the prospectus for the Fund.



Aberdeen Global - Frontier Markets Equity Fund

¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯




l The Fund invests in Frontier Markets which tend to be more volatile than mature markets and the value of your investment could move sharply up or down. In some circumstances, the underlying investments may become illiquid which may constrain the Investment Manager’s ability to realise some of the portfolio. the registration and settlement arrangements in frontier markets may be less developed than in more mature markets so the operational risks of investing are higher. Political risks and adverse economic circumstances are more likely to arise, putting the value of your investment at risk.

l The Fund Invests in Russia and the Commonwealth of Independent States CIS through non-regulated markets which are subject to increased risk with regard to ownership and custody of securities.


Codes (Class I - 2 Acc)

SEDOL B3M6GF3

ISIN LU0566482161

BLOOMBERG ABFMEI2 LX

REUTERS LP68087226

VALOREN 12568384

WKN A1JF7Z


Fund type SICAV

Domicile Luxembourg

Currency USD



Sector Lipper Global Equity Emerging Mkts Other

Minimum investment US$1,000,000 or currency equivalent

Charges Maximum initial Nil, annual 1.50%

Ongoing chargesA 1.90%

Indicative Price as at 30/06/12B

US$9.2691

Deal closing timeC 13:00:00 CET

Daily valuation point 13:00:00 CET

Redemption levyD

Within 1 full year of purchase After 1 full year but within 2 full years of purchase After 2 full years but within 3 full years of purchase After 3 full years of purchase

5.0% 3.0% 1.0% none

Redemption levyD~Within 1 full year of purchase~After 1 full year but within 2 full years of purchase~After 2 full years but within 3 full years of purchase~After 3 full years of purchase A Simulated total expense ratio, Aberdeen Asset Management as at 7 April 2011. B The indicative price is a close of business valuation and is not a dealing price. C The dealing days in respect of the Aberdeen Global - Frontier Markets Equity Fund shall be on the business day which falls on the first and third Wednesday of each calendar month other than days during a period of suspension of dealing in shares in that fund. D Note that this will be charged in addition to the ‘normal’ dilution levy which is lmited to 1.50% brokerage fees and commissions but unlimited in respect to the spread cost incurred to rebalance the portfolio. Redemption charges as a percentage of relevant share price.



Aberdeen Global - Select High Yield Bond FundPerformance Data and Analytics to 30 June 2012

A With effect from 1/12/2011 the Aberdeen Global – High Yield Bond Fund was renamed Aberdeen Global – Select High Yield Bond Fund.


Long-term total return by investing in Sub-Investment Grade fixed interest securities issued by corporations or government related bodies. For full investment objective and policy details refer to the prospectus. Performance (%)

Annualised


Fund 1.69 -4.94 7.11 -9.22 20.66 7.16 6.81Benchmark 2.50 -2.37 9.85 -3.82 17.47 11.97 –Difference -0.81 -2.57 -2.74 -5.40 3.19 -4.81 –Sector average 1.56 -3.19 6.48 -7.09 11.91 7.20 7.60Sector ranking 34/54 44/54 19/53 26/52 4/35 19/30 2/2Quartile 3 4 2 2 1 3 –


2012 2011 2010 2009 2008Fund -9.22 25.86 53.84 -16.89 -3.22


Year to date 2011 2010 2009 2008Fund 7.11 -7.86 19.01 83.82 -35.78Benchmark 9.85 -4.36 13.85 73.29 -15.59Difference -2.74 -3.50 5.16 10.53 -20.19Sector average 6.48 -5.84 11.27 42.77 -14.14Sector ranking 19/53 30/47 4/41 1/40 38/40Quartile 2 3 1 1 4

Performance Data: Share Class D1 Dist Quartile ranking not shown where fewer than 9 funds in the universe. Source: Bloomberg, Lipper, Russell Mellon, Basis: Total Return, NAV to NAV, net of annual charges, gross Income reinvested, (GBP). These figures are gross of an initial charge: to the extent that this is paid, it will reduce performance from that shown. A The fund was created as a sub fund of Aberdeen Global on 24/03/2006 by the conversion of Aberdeen International High Yield Bond Fund. the historical track record reflects that of Aberdeen International High Yield Bond Fund launched 17/03/1989. Past performance is no indication of current or future performance, and the performance data do not take account of the commissions and costs incurred on the issue and redemption of units. Fund managers’ report

No change in short rates in major countries.

Sterling investment grade bonds return 0.5% in the month.

10 year German government bonds move up 38 bps to yield 1.58%.

High yield sentiment improves as Greece coalition formed and more funding for Spanish banks.

Euro currency rallies 2.44% versus the US dollar.



Source: Aberdeen Asset Management. total return, Gross of Fees. russell/Mellon Analytical Services, Factset. GBP. please note the risk analytics figures are calculated on gross returns whereas the performance figures are based on net asset value (NAV) returns. In addition, the risk analytics figures lag the performance figures by one month.

Top ten holdings

%

Boats Invst Netherlands (Ecobat) 11% 31/03/17 4.0Lloyds TSB Bank 13% Var 29/01/49 2.9Intl Personal Finance 11.5% 06/08/15 2.8Bank of Ireland 4.625% 08/04/13 2.6LBG Capital No1 11.04% 19/03/20 2.4Rea Finance 9.5% 31/12/17 2.4Corral Petroleum FRN 12/2017 2.1Inaer Aviation Fin 9.5% 01/08/17 2.1R&R Ice Cream 8.375% 15/11/17 2.0Edcon Hldgs (Proprietary) FRN 15/06/14 1.9Total 25.2


Sector breakdown

%Services 22.8Banking 16.9Consumer Non-Cyclical 10.3Consumer Cyclical 9.4Basic Industry 8.8Capital Goods 5.6Financial Services 4.3Other 16.3Cash 5.7Total 100.0


Key information

BenchmarkB Merrill Lynch Euro High Yield Constrained 70% Merrill Lynch Sterling High Yield 30%

Fund size £34.7m


Investment team Fixed Income Team





Aberdeen Global - Select High Yield Bond Fund

Credit Rating (%)

%BBB 3.1BB 25.7B 39.8CCC 9.8NR 16.0Cash 5.7Total 100.0


Fund statistics


The yields shown do not take account of potential defaults on the underlying portfolio. Yields are net of charges and gross of tax and are not guaranteed. During 2001-2002 when economic and stockmarket conditions were weak, there was a significant rise in the occurrence of companies defaulting on interest payments to bondholders. these defaults impacted distributions to shareholders: the difference between the actual yield achieved during any particular 12 month period, compared with the quoted (forecast) yield prepared at the beginning of the same period, peaked at 4.0%.

Codes (Class D - 1 Inc)

SEDOL B0L12N8

ISIN LU0231461004

BLOOMBERG AGHYBD1 LX

REUTERS LP65028205

VALOREN 2320575

WKN A0HMTQ


Fund type SICAV

Domicile Luxembourg

Currency GBP


Income payable 28 February, 31 May, 31 August, 30 November

Sector Lipper Global Bond Europe High Yield




Price as at 30/06/12 £0.9577




¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯





l Unlike income from a single bond, the level of income from the Fund is not fixed and may fluctuate.Yields are estimated figures and may fluctuate.


l The Fund’s portfolio may have a predominant position in Sub-Investment Grade bonds, which means that there may be more risk to investor’s capital and income than from a fund investing in Investment Grade bonds.



Aberdeen Global - Indian Equity FundPerformance Data and Analytics to 30 June 2012


Long-term total return by investing in Indian equities. For full investment objective and policy details refer to the prospectus. Performance (%)

Annualised


Fund 6.99 -7.36 7.78 -18.15 12.19 2.74 15.25Benchmark 7.41 -9.54 8.60 -25.44 2.06 -2.58 11.37Difference -0.42 2.18 -0.82 7.29 10.13 5.32 3.88Sector average 5.89 -9.88 7.89 -25.27 2.47 -3.21 14.75Sector ranking 194/511 27/507 275/504 24/491 24/404 26/297 18/36Quartile 2 1 3 1 1 1 2


2012 2011 2010 2009 2008Fund -18.15 19.94 43.91 -7.59 -12.28



Performance Data: Share Class A2 Acc Source: Lipper, Basis: Total Return, NAV to NAV, net of annual charges, gross Income reinvested, (USD). These figures are gross of an initial charge: to the extent that this is paid, it will reduce performance from that shown. A The fund was created as a sub fund of Aberdeen Global on 24/03/2006 by the conversion of Aberdeen International India opportunities Fund. the historical track record reflects that of Aberdeen International India Opportunities Fund launched 02/12/1996. Past performance is no indication of current or future performance, and the performance data do not take account of the commissions and costs incurred on the issue and redemption of units. Fund managers’ report

Indian equities rebounded in June from the sharp drop in the previous month. Sentiment was bolstered by hopes that a government reshuffle would speed up reforms.

Prime minister Manmohan Singh, known for initiating tough economic change in the past, took over the finance ministry after Pranab Mukherjee resigned to run in July’s presidential election.

Further boosting sentiment was Coca-Cola’s decision to invest another US$3 billion in India over the next eight years. Similarly, global furniture retailer IKEA earmarked €600 million in capital spending, a significant development given the high-level protectionism in retail.

Industrial output stalled in April, dragged down by a slump in manufacturing and mining, but interest rates were unchanged given high inflation. Delhi attempted to strengthen the rupee, which fell to a new low against the US dollar, by raising investment limits on government bonds and improving access to mutual funds for foreign investors, who separately are expected to benefit from an update of the proposed tax avoidance law, which narrowed the scope of and enhanced clarity over its application.

There were no major portfolio changes in June.

Top ten holdings

Sector %Infosys Technologies Information Technology 9.4HDFC Financials 9.1Tata Consultancy Services Information Technology 8.6ICICI Bank Financials 7.3Hero MotoCorp Ltd Consumer Discretionary 5.0ITC Ltd Consumer Staples 4.0Bosch Ltd Consumer Discretionary 3.9Hindustan Unilever Consumer Staples 3.8Ambuja Cements Materials 3.6Godrej Consumer Products Consumer Staples 3.6Total 58.3


Sector breakdown

%Financials 21.8Information Technology 21.6Consumer Staples 14.2Materials 11.7Consumer Discretionary 8.9Health Care 7.0Utilities 5.6Other 6.9Cash 2.3Total 100.0


Key information

Benchmark MSCI India

Fund size US$3.9bn




The risks outlined overleaf relating to emerging markets, exchange rate movements and single country exposure are particularly relevant to this Fund but should be read in conjunction with all warnings and comments given in the prospectus for the Fund.



Aberdeen Global - Indian Equity Fund

¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯








Source: Aberdeen Asset Management, total return, Gross of Fees, Russell/Mellon Analytical Services, US$. Please note the risk analytics figures are calculated on gross returns whereas the performance figures are based on net asset value (NAV) returns. In addition, the risk analytics figures lag the performance figures by one month.


SEDOL B0L12X8

ISIN LU0231490524

BLOOMBERG AGINDA2 LX

REUTERS LP65020216

VALOREN 2320585

WKN A0HMTV


Fund type SICAV

Domicile Luxembourg

Currency USD



Sector Lipper Global Equity India




Price as at 30/06/12 US$86.3148





Aberdeen Global - Emerging Markets Infrastructure Equity Fund Performance Data and Analytics to 30 June 2012

A With effect from 1/12/2011 the Aberdeen Global – Infrastructure Fund was renamed Aberdeen Global – Emerging Markets Infrastructure Equity Fund.


Long-term total return by investing worldwide in companies active in infrastructure related sectors. For full investment objective and policy details refer to the prospectus. Performance (%)

Annualised


Fund 6.02 -3.56 11.09 -4.93 11.84 -4.56 -4.47Benchmark 6.90 -3.77 6.14 -10.82 10.92 -0.50 –Difference -0.88 0.21 4.95 5.89 0.92 -4.06 –


2012 2011 2010 2009 2008Fund -4.93 24.40 18.31 -37.58 -9.36


Year to date 2011 2010 2009 2008Fund 11.09 -13.81 20.99 52.11 -57.33Benchmark 6.14 -13.95 16.51 61.12 -49.30Difference 4.95 0.14 4.48 -9.01 -8.03

Performance Data: Share Class S2 Acc Source: Lipper, Basis: Total Return, NAV to NAV, net of annual charges, gross Income reinvested, (USD). These figures are gross of an initial charge: to the extent that this is paid, it will reduce performance from that shown. A The Aberdeen Global - Infrastructure Fund was launched on 26 November 2010 to facilitate a transfer of unitholders from the Credit Suisse equity Fund (Lux) Infrastructure Fund (launched on 22 June 2007) to the Aberdeen Global SICAV. Prior to November 2010, the Fund’s historic track record is that of the Credit Suisse Equity Fund (Lux) Infrastructure Fund. Aberdeen’s Emerging Markets Equity team has managed the fund since July 2009. Past performance is no indication of current or future performance, and the performance data do not take account of the commissions and costs incurred on the issue and redemption of units. Fund managers’ report

Infrastructure stocks rallied in June and outperformed the broader emerging markets asset class. Risk appetite improved on hopes of fresh stimulus measures and a more coordinated effort to stem the Eurozone’s sovereign debt crisis towards the end of the month.

India’s infrastructure output growth quickened in May. The government sought to attract more Brazilian and Chinese investments during official visits to both countries. Elsewhere, Brazilian steel production cooled in April from a year earlier. Most central banks held policy rates steady with the exception of China, which trimmed interest rates by 25 basis points for the first time since 2008.

Hungary and the Czech Republic’s economies contracted in the first quarter as austerity measures in Europe curbed consumer spending, which in turn, dampened demand for exports.

In portfolio-related news, Singapore’s Keppel Corp won US$70 million worth of contracts to upgrade a rig for Transocean and build a floating dock for Baku Shipyard. Mexican telco America Movil acquired a 21% share in Telekom Austria and accumulated a 21% stake in Dutch telecom operator KPN. There were no major changes to the portfolio in June.

Top ten holdings

Sector %China Mobile Communications 5.0MTN Group Communications 4.1Ultrapar Participacoes Energy 4.1America Movil Communications 4.0Grasim Industries Materials 3.9Hang Lung Group Financials 3.7Haci Omer Sabanci Hldgs Financials 3.3Enersis Utilities 3.2Keppel Corp Industrials 3.2Multiplan Empreendimentos Financials 3.2Total 37.7


Country breakdown

%Brazil 12.9India 11.8Hong Kong 10.6Mexico 8.0Turkey 6.4South Africa 5.9Thailand 5.9Singapore 5.1China 5.0Indonesia 4.7Other 21.6Cash 2.0Total 100.0

Sector breakdown

%Communications 23.5Industrials 21.9Financials 17.1Utilities 11.8Energy 7.2Materials 7.0Consumer Non-cyclical 3.6Other 6.0Cash 2.0Total 100.0


Key information

Benchmark MSCI EM Infrastructure

Fund size US$416.6m

Date of launch 29 November 2010A



The risks outlined overleaf relating to emerging markets, exchange rate movements and specialist funds are particularly relevant to this fund but should be read together with all warnings and comments given in the prospectus for the Fund.



Aberdeen Global - Emerging Markets Infrastructure Equity Fund

¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯


invested.l Movements in exchange rates can impact on both the level of income received and the capital value of your investment. If

the currency in which you invest strengthens against the currency in which the underlying investments of the Fund are made the value of your investment will reduce and vice versa.

l Past performance is not a guide to the future.l Derivatives may be used to hedge against various risks but may not be used for speculative purposes. the use of derivatives

for hedging in a rising market may restrict potential gains.l The Fund may invest in emerging markets which tend to be more volatile than mature markets and the value of investments

could move sharply up or down. In some circumstances the Fund’s underlying investments may become illiquid which may constrain the ability to realise some, or all, of the portfolio. Registration and settlement arrangements may be less developed than in mature markets, increasing the operational risks. political risks and adverse economic circumstances are more likely to arise putting the value of investments at risk.

l The Fund invests in specialist market sectors and may exhibit greater price volatility than a more widely invested fund.Other important information:Aberdeen Global is a Luxembourg-domiciled UCITS fund, incorporated as a Société Anonyme and organised as a Société d’investissement à Capital Variable (a “SICAV”). The information contained in this marketing document should not be considered as an offer, or solicitation, to deal in the shares of any securities or financial instruments. It is not intended for distribution or use by any person or entity who is a citizen or resident of or located in any jurisdiction where such distribution, publication or use would be prohibited. The Fund is not registered under the United States Securities Act of 1933, nor the United States Investment Company Act of 1940 and therefore may not directly or indirectly be offered or sold in the United States of America or any of its states, territories, possessions or other areas subject to its jurisdiction or to or for the benefit of a United States Person. No information, opinions or data in this document constitute investment, legal, tax or other advice and are not to be relied upon in making an investment or other decision. Subscriptions for shares in the Fund may only be made on the basis of the latest prospectus, together with the latest annual report, semi-annual report can be obtained free of charge from Aberdeen Asset Managers Limited, 10 Queens Terrace, Aberdeen, AB10 1YG, Scotland and are also available on www.aberdeen-asset.com. In Switzerland these documents along with the Fund’s articles of association can be obtained from the Fund’s Representative and Paying Agent, BNP Paribas Securities, Zurich Branch, Selnaustrasse 16, CH 8002 Zurich, Switzerland. Tax treatment depends on the individual circumstances of each investor and may be subject to change in the future. You should obtain specific professional advice before making any investment decision. Issued in Switzerland by Aberdeen Asset Managers Switzerland AG (“AAMS”). Registered in Switzerland No. CH-020.3.033.962-7. Registered Office: Schweizergasse 14, 8001 Zurich. Authorised and regulated by the Swiss Financial Market Supervisory Authority (FINMA) Issued in the EU by Aberdeen Asset Managers Limited. Registered in Scotland No.108419. Registered Office: 10 Queen’s Terrace, Aberdeen, AB10 1YG. Authorised and regulated by the Financial Services Authority in the United Kingdom. Aberdeen Asset Managers Limited reserves the right to make changes and corrections to any information in this document at any time, without notice.


3 years 5 yearsAnnualised Standard Deviation of Fund 19.07 –Beta 0.97 –Sharpe Ratio 0.64 –Annualised Tracking Error 5.89 –Annualised Information Ratio 0.70 –R-Squared 0.91 –

Source: Aberdeen Asset Management, total return, Gross of Fees Russell/Mellon Analytical Services, US$. Please note the risk analytics figures are calculated on gross returns whereas the performance figures are based on net asset value (NAV) returns. In addition, the risk analytics Figures lag the performance figures by one month.


SEDOL B3Z9WQ2

ISIN LU0523221975

BLOOMBERG AINFS2A LX

REUTERS LP68077688

VALOREN 11593038

WKN A1C646


Fund type SICAV

Domicile Luxembourg

Currency USD


Income payable 28 February, 31 May, 31 August, 30 November

Sector Lipper Global Equity Sector Basic Industries




Price as at 30/06/12 US$7.7159





Aberdeen Global - Japanese Equity FundPerformance Data and Analytics to 30 June 2012


Long-term total return by investing in Japanese equities. For full investment objective and policy details refer to the prospectus. Performance (%)

Annualised


Fund 5.82 -6.19 10.76 -1.41 2.60 -11.53 -4.17Benchmark 7.17 -9.74 7.01 -7.14 -4.11 -13.66 -3.09Difference -1.35 3.55 3.75 5.73 6.71 2.13 -1.08Sector average 7.02 -10.32 6.44 -8.85 -4.16 -14.85 -2.49Sector ranking 710/1020 50/1018 44/1012 42/992 15/923 82/826 23/28Quartile 3 1 1 1 1 1 4


2012 2011 2010 2009 2008Fund -1.41 9.17 0.36 -29.11 -29.27


Year to date 2011 2010 2009 2008Fund 10.76 -11.90 6.19 15.51 -44.62Benchmark 7.01 -17.00 0.96 7.62 -40.62Difference 3.75 5.10 5.23 7.89 -4.00Sector average 6.44 -17.43 -0.55 11.61 -44.59Sector ranking 44/1012 87/986 56/1049 256/1091 655/1197Quartile 1 1 1 1 3

Performance Data: Share Class A2 Acc the Class S share has less than 12 months of performance history, and therefore no fund performance data can currently be shown for this class. Source: Lipper, Basis: Total Return, NAV to NAV, net of annual charges, gross Income reinvested, (JPY). These figures are gross of an initial charge: to the extent that this is paid, it will reduce performance from that shown. Past performance is no indication of current or future performance, and the performance data do not take account of the commissions and costs incurred on the issue and redemption of units. Fund managers’ report

Japanese equities rebounded in June as European leaders stepped up efforts to contain the debt crisis. The weaker yen and improved business confidence added to the positive mood. The current 5% consumption tax is set to rise to 8% in 2014 and 10% in 2015 if the upper house of parliament follows the lower house in passing it. Separately, prime minister Noda agreed to restart two nuclear reactors in western Japan, which will help to ease energy shortage concerns. In portfolio-related news, baby products maker Pigeon posted good quarterly results backed by robust overseas sales growth, while effective cost controls lifted margins. Conversely, Sekisui House’s results were mixed. The homebuilder’s condominium and overseas businesses improved but its urban development projects posted lower profits.

Canon announced another round of share buybacks and plans to produce digital cameras in Brazil to meet an anticipated increase in demand. Retailer Seven & i Holdings acquired new stores in the US to strengthen its convenience store business; it will also close down two local department stores to focus on more profitable businesses. There were no major changes to the portfolio in June.

Top ten holdings

Sector %Canon Inc Technology 6.3Shin-Etsu Chemical Co Basic Materials 5.8FANUC Corp Industrials 5.5Honda Motor Co Consumer Goods 4.5Keyence Corp Industrials 4.4Astellas Pharma Health Care 4.1Toyota Motor Corp Consumer Goods 3.9Nabtesco Corp Industrials 3.7Bank of Yokohama Financials 3.5Unicharm Corp Consumer Goods 3.5Total 45.2


Sector breakdown

%Consumer Goods 30.5Industrials 20.4Health Care 12.8Consumer Services 10.9Technology 8.4Financials 8.0Basic Materials 5.8Cash 3.3Total 100.0


Key information

Benchmark Topix (Tokyo First Section)

Fund size ¥21.0bn


Investment team Japanese Equity Team





Aberdeen Global - Japanese Equity Fund

¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯


invested.l Past performance is not a guide to the future.l Exposure to a single country market increases potential volatility.l Movements in exchange rates can impact on both the level of income received and the capital value of your investment. If





Source: Aberdeen Asset Management, total return, Gross of Fees Russell/Mellon Analytical Services, Factset, JPY. Please note the risk analytics figures are calculated on gross returns whereas the performance figures are based on net asset value (NAV) returns. In addition, the risk analytics figures lag the performance figures by one month.


SEDOL 4008798

ISIN LU0011963674

BLOOMBERG AETJAEI LX

REUTERS LP60000038

VALOREN 608238

WKN 973299


Fund type SICAV

Domicile Luxembourg

Currency JPY



Sector Lipper Global Equity Japan




Price as at 30/06/12 ¥222.0438





Aberdeen Global - Japanese Smaller Companies FundPerformance Data and Analytics to 30 June 2012


Long-term total return by investing in the equity of Japanese Smaller Companies. For full investment objective and policy details refer to the prospectus. Performance (%)

Annualised


Fund 2.47 1.02 6.52 5.30 14.07 5.42 11.56Benchmark 2.83 -4.20 1.59 1.34 7.36 3.68 6.43Difference -0.36 5.22 4.93 3.96 6.71 1.74 5.13Sector average 2.77 -2.32 1.64 -2.87 7.00 0.53 6.31Sector ranking 51/114 19/114 14/114 17/112 11/109 14/103 1/5Quartile 2 1 1 1 1 1 –


2012 2011 2010 2009 2008Fund 5.30 9.59 28.67 2.39 -14.33


Year to date 2011 2010 2009 2008Fund 6.52 -3.43 30.42 -3.21 6.85Benchmark 1.59 -1.30 23.32 -5.68 14.01Difference 4.93 -2.13 7.10 2.47 -7.16Sector average 1.64 -4.73 19.35 -1.51 -0.57Sector ranking 14/114 62/121 11/130 69/136 32/145Quartile 1 3 1 3 1

Performance Data: Share Class D2 Acc The Class S share has less than 12 months of performance history, and therefore no fund performance data can currently be shown for this class. Quartile ranking not shown where fewer than 9 funds in the universe. Source: lipper, Russell Mellon, Basis: Total Return, NAV to NAV, net of annual charges, gross Income reinvested, (GBP). These figures are gross of an initial charge: to the extent that this is paid, it will reduce performance from that shown. A the fund was created as a sub fund of Aberdeen Global on 20/04/2007 by the conversion of Aberdeen Global Spectrum Japan Enterprise Fund. The historical track record reflects that of Aberdeen GlobalSpectrum Japan enterprise Fund launched 31/05/1984. Past performance is no indication of current or future performance, and the performance data do not take account of the commissions and costs incurred on the issue and redemption of units. Fund managers’ report

Japanese small cap stocks rose in line with their larger counterparts in June as European leaders stepped up efforts to contain the debt crisis. The weaker yen and improved business confidence added to the positive mood.

The lower house of parliament passed a bill to double the consumption tax to 10% by 2015, setting the stage for the first hike since 1997. Separately, prime minister Noda agreed to restart two nuclear reactors in western Japan, which will help to ease energy shortage concerns.

In portfolio-related news, baby products maker Pigeon posted good quarterly results backed by robust overseas sales growth, while effective cost controls lifted margins. Conversely, Dr. Ci:Labo was weighed down by higher marketing expenditure. Nonetheless, the cosmetics company announced a share buyback to improve shareholder return.

Snack manufacturer Calbee will partner Wei Chuan Foods Corporation in Taiwan to improve sales and gain market share there. Resorttrust acquired a rental office building to improve investment return and create a more stable income stream.

During the month, we divested chemicals company Kureha, given its deteriorating business outlook and unfocused capital reinvestment plans.

Top ten holdings

Sector %Pigeon Corp Consumer Goods 5.1Nabtesco Corp Industrials 4.7FCC Co Consumer Goods 4.0ASICS Corp Consumer Goods 3.9Sysmex Corp Health Care 3.9Shizuoka Gas Co Utilities 3.7USS Co Consumer Services 3.7Calbee Consumer Goods 3.6Dr Ci:Labo Consumer Goods 3.6Mandom Basic Materials 3.6Total 39.8


Sector breakdown

%Consumer Goods 24.3Industrials 21.9Consumer Services 20.7Health Care 9.1Basic Materials 8.6Telecommunications 5.6Financials 4.3Other 3.7Cash 1.9Total 100.0


Key information

Benchmark Russell Nomura Small Cap Index

Fund size ¥8.6bn

Date of launch 20 April 2007A

Investment team Japanese Equity Team


The risks outlined overleaf relating to smaller companies, exchange rates and single country are particularly relevant to this Fund but should be read in conjunction with all warnings and comments given in the prospectus for the Fund.



Aberdeen Global - Japanese Smaller Companies Fund

¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯


invested.l Past performance is not a guide to the future.l The Fund invests in smaller companies which are likely to carry higher risks than larger companies.l Movements in exchange rates can impact on both the level of income received and the capital value of your investment.If





Source: Aberdeen Asset Management, total return, Gross of Fees Russell/Mellon Analytical Services, GBP. Please note the risk analytics figures are calculated on gross returns whereas the performance figures are based on net asset value (NAV) returns. In addition, the risk analytics figures lag the performance figures by one month.

Codes (Class D - 2 Acc)

SEDOL B1KR751

ISIN LU0278933410

BLOOMBERG AJSDAGB LX

REUTERS LP65074008

VALOREN 2942453

WKN A0MPGG


Fund type SICAV

Domicile Luxembourg

Currency GBP



Sector Lipper Global Equity Japan Sm&Mid Cap




Price as at 30/06/12 £4.4544





Aberdeen Global - Latin American Equity Fund Performance Data and Analytics to 30 June 2012


The Fund’s investment objective is long-term total return to be achieved by investing at least two thirds of the Fund’s assets in Latin American equities and equity related securities. For full investment objective and policy details refer to the prospectus. Performance (%)

Annualised


Fund 0.71 -12.57 0.86 -17.13 13.60 2.25 7.66Benchmark 3.88 -12.89 0.11 -17.43 10.57 2.83 10.60Difference -3.17 0.32 0.75 0.30 3.03 -0.58 -2.94Sector average 2.56 -13.28 -0.44 -19.41 7.99 -2.94 6.72Sector ranking 139/166 64/164 50/161 38/157 17/128 8/89 9/14Quartile 4 2 2 1 1 1 3


2012 2011 2010 2009 2008Fund -17.13 31.00 35.09 -34.39 16.16


Year to date 2011 2010 2009 2008Fund 0.86 -16.99 21.70 106.06 -52.51Benchmark 0.11 -18.57 17.33 102.19 -49.81Difference 0.75 1.58 4.37 3.87 -2.70Sector average -0.44 -22.57 19.35 84.99 -51.77Sector ranking 50/161 10/150 21/140 49/133 38/123Quartile 2 1 1 2 2

Performance Data: Share Class S2 Acc Source: Lipper, BPSS, Datastream, Basis: Total Return, NAV to NAV, net of annual charges, gross income reinvested, (USD). These figures are gross of an initial charge: to the extent that this is paid, it will reduce performance from that shown. A The Aberdeen Global – Latin American Equity Fund was launched on 23 July 2010 to facilitate a transfer of unitholders from the Credit Suisse Equity Fund (Lux) Latin America Aberdeen (launched on 11 March 1994) to the Aberdeen Global SICAV. prior to July 2010, the Fund’s historic track record is that of the Credit Suisse Equity Fund (Lux) Latin America Aberdeen, with Aberdeen’s Global Emerging Markets Equity Team managing the fund since July 2009. Past performance is no indication of current or future performance, and the performance data do not take account of the commissions and costs incurred on the issue and redemption of units. Fund managers’ report

Latin American equities rose in June, in line with the broader emerging markets asset class, as risk appetite improved. Gains were led by Mexico and Chile. Regional currencies appreciated marginally while commodity prices ended mixed.

Mexico and Chile’s economy expanded while Argentina’s GDP growth slowed as exports weakened. Inflation rose in Mexico but eased in Chile and Brazil. Their respective central banks kept rates steady.

Enrique Pena Nieto was elected president of Mexico, returning the Institutional Revolutionary Party to power following a 12-year hiatus. Colombia and Peru signed a trade deal with Europe, which is expected to boost the agricultural, fisheries and mining sectors. In portfolio-related news, Vale was granted a preliminary license to develop the 90-million-ton-a-year Serra Sul project in the Amazon, the largest iron ore project in its history. Petrobras hiked gasoline and diesel prices which should boost cash generation but would not bring prices in Brazil in line with the international market. Banco Bradesco lowered its full-year loan growth guidance to 14-18% given the sluggish domestic economy while its credit rating was cut a notch by Moody’s.

We introduced Hering, a well-run Brazilian retailer at attractive valuations. Against this, we exited Brazilian aerospace conglomerate Embraer on concerns over its worsening operating environment, as well as its relative outperformance this year.

Top ten holdings

Sector %Vale Materials 9.4Banco Bradesco Pref Financials 8.8Petroleo Brasileiro Pref Energy 8.7Banco Itau Hldgs Pref Financials 5.8Multiplan Empreendimentos Financials 4.1FEMSA ADR Consumer Staples 4.0Grupo Financiero Banorte Financials 3.9Ultrapar Participacoes Energy 3.8Lojas Renner Consumer Discretionary 3.7Tenaris ADR Energy 3.6Total 55.8


Country breakdown

%Brazil 65.7Mexico 20.9Chile 6.1Argentina 3.6Colombia 2.0Cash 1.7Total 100.0

Sector breakdown

%Financials 32.8Consumer Staples 19.7Energy 16.1Materials 9.4Industrials 7.6Consumer Discretionary 5.7Telecommunications 3.4Other 3.7Cash 1.7Total 100.0


Key information

Benchmark MSCI EM Latin America 10/40 Index Net TR USD

Fund size US$1.0bn







Aberdeen Global - Latin American Equity Fund

¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯








Source: Aberdeen Asset Management, BPSS, Datastream, total return, Gross of Fees Russell/Mellon Analytical Services, US$. Please note the risk analytics figures are calculated on gross returns whereas the performance figures are based on net asset value (NAV) returns. In addition, the risk analytics figures lag the performance figures by one month.


SEDOL B61JHH3

ISIN LU0476875785

BLOOMBERG ALAMES2 LX

REUTERS LP68052466

VALOREN 11135702

WKN A1CS3W


Fund type SICAV

Domicile Luxembourg

Currency USD



Sector Lipper Global Equity Emerging Mkts Latin Am




Price as at 30/06/12 US$3,865.7758





Aberdeen Global - Multi-Manager World Equity FundPerformance Data and Analytics to 30 June 2012

A On 19 December 2011 the Aberdeen Global - Multi Manager World Equity Fund was created and four funds were merged into it. The historical track record is that of Aberdeen MultiFund - Constellation Global.


The Fund’s investment objective is long-term total return to be achieved by investing at least two-thirds of the Fund’s assets in UCITS or other UCIs with above-average potential returns and which principally invest in equity and equity-related securities worldwide. The Fund may invest up to 20% of its net assets in the units of a single UCITS or Other UCI. For full investment objective and policy details refer to the prospectus. Performance (%)

Annualised


Fund -0.84 -2.90 5.92 2.41 8.45 -4.21 5.72Benchmark 2.24 -0.90 8.08 6.84 14.54 -1.48 6.48Difference -3.08 -2.00 -2.16 -4.43 -6.09 -2.73 -0.76Sector average 1.29 -2.21 5.74 2.61 11.51 -2.98 5.08Sector ranking 4482/5109 3305/5080 2611/5019 2803/4874 3011/3954 2055/3094 579/1684Quartile 4 3 3 3 4 3 2


2012 2011 2010 2009 2008Fund 2.41 3.53 20.33 -17.88 -23.06


Year to date 2011 2010 2009 2008Fund 5.92 -9.01 17.19 29.14 -39.70Benchmark 8.08 -4.25 20.50 30.42 -39.20Difference -2.16 -4.76 -3.31 -1.28 -0.50Sector average 5.74 -6.28 18.03 30.86 -39.85Sector ranking 2611/5019 3193/4841 2691/4545 2311/4669 1977/4584Quartile 3 3 3 2 2

Performance Data: Share Class A2 Acc Source: Lipper, Basis: Total Return, NAV to NAV, net of annual charges, gross Income reinvested, (EUR). A On 19 December 2011 the Aberdeen Global - Multi Managers World Equity Fund was created, and four funds (Aberdeen MultiFund - Constellation Global, Aberdeen MultiFund - Balanced Global, Aberdeen MultiFund - Equity Europe and Aberdeen MultiFund - Moderation) were merged into it. The historical track record is that of Aberdeen MultiFund - Constellation Global. Before 8 March 2010 the Aberdeen MultiFund - Constellation Global was called the Credit Suisse MultiFund - Constellation Global Aberdeen. The performance of Constellation has been used as this represented the majority of the assets transferred across from the old funds to the new Aberdeen Global sub-fund. These figures do not include the initial charge; if this is paid it will reduce performance from that shown. Past performance is no indication of current or future performance, and the performance data do not take account of the commissions and costs incurred on the issue and redemption of units. Fund managers’ report

Performance ContributorsThe Aberdeen Multi Manager World Equity Fund declined by -0.84% during April placing the Fund fourth quartile within the Lipper Global Equity Global sector.June was a month in which monetary policy action in a number of countries and political action within Europe pushed equity prices higher. Although economic data continued to remain subdued, markets climbed the proverbial ‘wall of worry’. On 7th June the Peoples Bank of China reduced interest rates for the first time since 2008, adding further support to both the domestic Chinese economy and also global growth. However, the positive interpretation of this action was swiftly reversed as the Chairman of the Federal Reserve suggested further US monetary stimulus would be unlikely in the short term. Later in the month Bernanke did however extend Operation Twist to maintain low long term bond yields.Against this environment, the European positions performed relatively strongly. JOHCM Continental Europe gained 3.97% while BGF Continental European Flexible and Hermes Sourcecap Europe ex UK gained 3.86% and 2.82% respectively.

Top ten holdings

Country %Thread US Ext Alpha United States 9.5Findlay Park American United States 9.3Montag US Lg Cap Gth United States 8.3Brown US Equity Gth United States 7.8M&G American Fund United States 7.5First State Gbl Em Mkts Emerging Markets 6.2Cullen US Div Value United States 6.0Coupland Cardiff Asia Asia Pacific 5.9JO Hambro UK Opps United Kingdom 5.0Tiburon Taipan Asia Pacific 4.9Total 70.4


Asset allocation

%United States 48.4Europe 12.5Asia Pacific 10.8Japan 9.0United Kingdom 8.4Emerging Markets 7.7Cash 3.2Total 100.0

Key information

Benchmark MSCI AC World Net Return

Fund size €59.8m


Investment team Multi Manager Team


The risk outlined overleaf relating to exchange rate movements and emerging markets is relevant to this Fund but should be read in conjunction with all warnings and comments given in the prospectus for the Fund.


Fund managers’ report continues overleaf


Aberdeen Global - Multi-Manager World Equity Fund

¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯


invested.l Past performance is not a guide to the future.l Movements in exchange rates can impact on both the level of income received and the capital value of your investment.If


l The Fund invests in emerging markets which tend to be more volatile than mature markets and the value of your investment could move sharply up or down.In some circumstances, the underlying investments may become illiquid which may constrain the Investment Manager’s ability to realise some of the portfolio. The registration and settlement arrangements in emerging markets may be less developed than in more mature markets so the operational risks of investing are higher. Political risks and adverse economic circumstances are more likely to arise, putting the value of your investment at risk.



3 years 5 yearsAnnualised Standard Deviation of Fund 11.62 15.66Beta 0.88 0.90Sharpe Ratio 0.88 (0.29)Annualised Tracking Error 6.04 6.46Annualised Information Ratio (0.38) (0.05)R-Squared 0.74 0.85

Source: Aberdeen Asset Management, Lipper, Total Return, Gross of Fees, Russell/Mellon Analytical Services, EUR Please note the risk analytics figures are calculated on gross returns whereas the performance figures are based on net asset value (NAV) returns. In addition, the risk analytics figures lag the performance figures by one month.


SEDOL B75L6S6

ISIN LU0700927519

BLOOMBERG ABGWA2A LX

REUTERS LP68137883

VALOREN 14467723

WKN A1JRKR


Fund type SICAV

Domicile Luxembourg

Currency EUR







Price as at 30/06/12 €10.7881




After several months of disappointing returns GLG Japan Core Alpha was the best performing holding, gaining 8.93%. Positions in Melchior ST Japan Advantage and Morant Wright Japan also generated strong gains with returns of 6.98% and 6.19% respectively.

Performance DetractorsHoldings in Asia detracted from returns with Tiburon Taipan and CC Asia declining -3.43% and -1.46% respectively, both underperforming the peer group.After a strong relative period during the market weakness, US equities detracted from returns during June. Findlay Park underperformed the peer group falling -1.84% while Brown Advisory US Growth declined by 0.12%.

Portfolio PositioningWe continue to ensure the manager selection in each market retains a balance of style and risks given the volatile market environment. During the month the final position in Hexam Global Emerging Markets was sold in favour of SIG Fisher Global Emerging Markets. Within the European selections, the three existing holdings were marginally reduced in order to purchase Hermes Sourcecap European ex UK which introduces a quality growth oriented portfolio run by an experienced fund manager in a boutique environment.

Fund managers’ report – continued


Aberdeen Global - Responsible World Equity Fund Performance Data and Analytics to 30 June 2012


Long-term total return by investing in equities selected on the basis of fundamental company analysis together with environmental, social and governance criteria. For full investment objective and policy details refer to the prospectus. Performance (%)

Annualised


Fund 3.84 -6.05 2.65 -6.15 9.98 – -3.03Benchmark 5.15 -4.86 6.29 -4.42 11.57 – -3.34Difference -1.31 -1.19 -3.64 -1.73 -1.59 – 0.31Sector average 3.96 -6.81 3.37 -10.19 7.85 – -5.65Sector ranking 2980/5109 2124/5080 3258/5019 1263/4874 1238/3954 – 640/3305Quartile 3 2 3 2 2 – 1


2012 2011 2010 2009 2008Fund -6.15 24.73 13.67 -29.92 –


Year to date 2011 2010 2009 2008Fund 2.65 -5.82 9.40 36.73 -40.22Benchmark 6.29 -5.02 12.34 30.79 -40.33Difference -3.64 -0.80 -2.94 5.94 0.11Sector average 3.37 -9.31 10.36 35.07 -42.82Sector ranking 3258/5019 1198/4841 2765/4545 1749/4669 1311/4584Quartile 3 1 3 2 2

Performance Data: Share Class A2 Acc Source: Lipper. Basis: Total Return, NAV to NAV, net of annual charges, gross Income reinvested, (USD). These figures are gross of an initial charge: to the extent that this is paid, it will reduce performance from that shown. Past performance is no indication of current or future performance, and the performance data do not take account of the commissions and costs incurred on the issue and redemption of units. Fund managers’ report






Top ten holdings

Country %TSMC ADS Taiwan 4.4Roche Holdings Switzerland 4.0Vodafone United Kingdom 4.0Johnson & Johnson United States 3.6Novartis Switzerland 3.5Zurich Financial Services Switzerland 3.5CVS Caremark Corporation United States 3.1Samsung Electronics GDR South Korea 3.1Standard Chartered United Kingdom 3.1Tenaris ADR Italy 3.1Total 35.4


Country breakdown

%United States 21.9United Kingdom 14.1Switzerland 13.5Japan 7.4Brazil 6.0Italy 5.7Sweden 5.0Taiwan 4.4Canada 3.6South Korea 3.1Other 11.9Cash 3.4Total 100.0

Sector breakdown

%Financials 21.3Energy 16.5Information Technology 15.9Health Care 12.6Consumer Staples 11.8Industrials 8.4Telecommunication Services 6.6Other 3.5Cash 3.4Total 100.0


Key information

Benchmark MSCI World

Fund size US$180.0m

Date of launch 17 October 2007



The risk outlined overleaf relating to exchange rate movements and emerging markets are particularly relevant to this Fund but should be read in conjunction with all warnings and comments given in the prospectus for the Fund.



Aberdeen Global - Responsible World Equity Fund

¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯







3 years 5 yearsAnnualised Standard Deviation of Fund 18.21 –Beta 1.02 –Sharpe Ratio 0.52 –Annualised Tracking Error 4.28 –Annualised Information Ratio 0.10 –R-Squared 0.94 –

Source: Aberdeen Asset Management, total return, Gross of Fees, Russell/Mellon Analytical Services, USD. Please note the risk analytics figures are calculated on gross returns whereas the performance figures are based on net asset value (NAV) returns. In addition, the risk analytics figures lag the performance figures by one month.


SEDOL B1KR6N2

ISIN LU0278938138

BLOOMBERG ABREAUS LX

REUTERS LP65095539

VALOREN 2942355

WKN A0M5A5


Fund type SICAV

Domicile Luxembourg

Currency USD







Price as at 30/06/12 US$8.6622





Aberdeen Global - Russian Equity Fund Performance Data and Analytics to 30 June 2012


The Fund’s investment objective is long-term total return to be achieved by investing at least two thirds of the Fund’s assets in Russian equities and equity related securities. The Fund may invest directly in companies listed on the Russian Trading System or the Moscow Interbank Currency Exchange and may invest up to 10% of its assets in non-regulated markets in Russia and countries of the Commonwealth of Independent States. Up to one third of the Fund’s assets may be invested in Eastern European companies or companies which conduct a large majority of their business there. For full investment objective and policy details refer to the prospectus. Performance (%)

Annualised


Fund 0.86 -10.59 4.33 -18.78 11.64 -7.44 -3.43Benchmark 6.57 -12.07 2.63 -18.35 14.17 -6.86 -5.21Difference -5.71 1.48 1.70 -0.43 -2.53 -0.58 1.78Sector average 2.98 -13.98 -0.40 -19.17 13.38 -7.47 -3.80Sector ranking 232/296 46/296 47/295 124/286 161/241 92/165 67/123Quartile 4 1 1 2 3 3 3


2012 2011 2010 2009 2008Fund -18.78 9.96 55.86 -52.38 2.44


Year to date 2011 2010 2009 2008Fund 4.33 -31.76 36.46 135.41 -73.07Benchmark 2.63 -20.88 33.56 98.54 -72.47Difference 1.70 -10.88 2.90 36.87 -0.60Sector average -0.40 -23.78 35.76 117.37 -72.56Sector ranking 47/295 237/276 115/264 78/272 140/224Quartile 1 4 2 2 3

Performance Data: Share Class S2 Acc Source: Lipper, BPSS, Datastream, Basis: Total Return, NAV to NAV, net of annual charges, gross income reinvested, (EUR). These figures are gross of an initial charge: to the extent that this is paid, it will reduce performance from that shown. A The Aberdeen Global – Russian Equity Fund was launched on 23 July 2010 to facilitate a transfer of unitholders from the Credit Suisse Equity Fund (Lux) Russian Explorer Aberdeen (launched on 16 May 2006) to the Aberdeen Global SICAv. prior to July 2010, the Fund’s historic track record is that of the Credit Suisse equity Fund (Lux) Russian Equity Aberdeen, with Aberdeen’s Global Emerging Markets Equity Team managing the fund since July 2009. Past performance is no indication of current or future performance, and the performance data do not take account of the commissions and costs incurred on the issue and redemption of units. Fund managers’ report

Domestic equities rose in June, particularly after European leaders agreed on measures to ease the region’s debt crisis. Local commodity and energy stocks also benefited from the EU’s ban on Iranian oil imports.

The economy grew 4.9% in the first quarter, driven by domestic consumer demand. Retail, real estate and household services expanded, whereas export sectors, such as mining, lagged. Consumer prices remained largely unchanged at 3.6% year-on-year. The central bank lowered the cost of currency swaps to improve liquidity of the ruble. Both retail sales and capital spending rose in May. Unemployment stayed near record lows at 5.6%.

Standard & Poor’s affirmed the country’s triple-B rating, citing low government debt levels, which outweighed risks from commodity-price swings.

In June, we divested Pharmstandard on the back of weak performance and concerns over governance and transparency.

Top ten holdings

Sector %Sberbank Cls Financials 9.7Lukoil Oil Company Energy 9.4Magnit Consumer Staples 9.3OAO Rosneft Energy 6.6

Mobile TelesystemsTelecommunication Services 4.7

Novatek Group Energy 4.5X5 Retail Group Consumer Staples 4.5Eurasia Drilling Co Industrials 4.4Synergy Consumer Staples 4.3Novolipetsk Steel Materials 4.2Total 61.6


Country breakdown

%Russia 87.3Kazakhstan 6.3Estonia 2.7Cash 3.7Total 100.0

Sector breakdown

%Energy 26.6Consumer Staples 22.1Financials 17.2Materials 9.7Industrials 9.3Telecommunication Services 8.7Consumer Discretionary 2.7Cash 3.7Total 100.0


Key information

Benchmark MSCI Russia 10/40B

Fund size €35.6m



B From 28 February 2010, previously MSCI Russia.





Aberdeen Global - Russian Equity Fund

¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯




l Exposure to a single country market increases potential volatility.l The Fund invests in emerging markets which tend to be more volatile than mature markets and the value of your investment


l The Fund Invests in Russia and CIS through non-regulated markets which are subject to increased risk with regard to ownership and custody of securities.






SEDOL B457P86

ISIN LU0505785260

BLOOMBERG ARUSES2 LX

REUTERS LP68052470

VALOREN 11366542

WKN A1CY8V


Fund type SICAV

Domicile Luxembourg

Currency EUR



Sector Lipper Global Equity Russia




Price as at 30/06/12 €8.0734





Aberdeen Global - Select Sterling Financials Bond FundPerformance Data and Analytics to 30 June 2012

A With effect from 1/12/2011 the Aberdeen Global – Sterling Financials Bond Fund was renamed Aberdeen Global – Select Sterling Financial Bond Fund.


Long-term total return by investing in short-dated, sterling denominated, fixed interest securities and debt instruments, with a minimum credit rating within the ‘A’ rating category, issued by financial institutions. For full investment objective and policy details refer to the prospectus. Performance (%)

Annualised


Fund 0.24 0.61 1.95 2.90 3.49 3.68 4.30Benchmark 1.25 -0.24 5.65 1.03 7.43 4.33 –Difference -1.01 0.85 -3.70 1.87 -3.94 -0.65 –Sector average -0.10 0.77 1.54 4.85 3.16 3.30 4.38Sector ranking 1/5 3/5 3/5 3/5 3/3 2/2 2/2Quartile – – – – – – –


2012 2011 2010 2009 2008Fund 2.90 1.43 6.22 3.63 4.32


Year to date 2011 2010 2009 2008Fund 1.95 2.40 2.45 5.58 2.41Benchmark 5.65 -0.26 6.02 10.28 -2.97Difference -3.70 2.66 -3.57 -4.70 5.38Sector average 1.54 4.13 2.25 0.36 4.94Sector ranking 3/5 3/4 3/4 1/4 5/7Quartile – – – – –

Performance Data: Share Class A2 Acc Quartile ranking not shown where fewer than 9 funds in the universe. Source: Lipper, Basis: Total Return, NAV to NAV, net of annual charges, gross Income reinvested, (GBP). These figures are gross of an initial charge: to the extent that this is paid, it will reduce performance from that shown. A The fund was created as a sub fund of Aberdeen Global on 24/03/2006 by the conversion of Aberdeen Accumulation Sterling Financials Bond Fund. The historical track record reflects that of Aberdeen Accumulation Sterling Financials Bond Fund launched 12/02/1996. Past performance is no indication of current or future performance, and the performance data do not take account of the commissions and costs incurred on the issue and redemption of units. Fund managers’ report

Euro area news dominated in June. The 19th EU summit was surprisingly constructive boosting market sentiment. In addition, Spain requested €100 billion of assistance from members of the European Union in order to recapitalise its ailing banking system.

The Monetary Policy Committee (MPC) left the policy rate and the asset purchase target unchanged at the June meeting. The minutes of the June MPC meeting revealed a 5-4 vote against extending quantitative easing (QE), which was much closer than the 7-2 outturn expected.

Economic data released in May were generally weaker. Q1 GDP was revised down to -0.3% from -0.2% whilst forward looking PMI reports were all weaker.

Inflation data for May were better than expected. The Consumer Price Index (CPI) declined to 2.8% in May from 3.0% the previous month, a rate not seen since November 2009. Gilt yields were higher in June, partially reversing the very sharp declines that took place in May. 10 year yields increased 16 basis points against a backdrop of improved sentiment towards non-core markets. Five year and thirty year gilt yields rose 11 basis points and 9 basis points respectively.

The weak tone towards credit markets continued in June with concerns over peripheral Europe dominating markets.

Security Selection was negative in June due to the underweight position in BBB-rated financials.



Source: Aberdeen Asset Management, total return, Gross of Fees, Russell/Mellon Analytical Services, Factset, GBP. Please note the risk analytics figures are calculated on gross returns whereas the performance figures are based on net asset value (NAV) returns. In addition, the risk analytics figures lag the performance figures by one month.

Top ten holdings

%

Neder Waterschapsbank 2.375% 10/12/13 6.0NRW Bank 2.625% 07/12/12 5.9European Invst Bank 2.25% 22/01/15 5.2National Australia Bank 5.375% 08/12/14 5.2Pacific Life Funding 5.125% 20/01/15 5.1Lloyds TSB Bank 6.375% 15/04/14 5.0Royal Bank of Scotland 6.375% 29/04/14 5.0Skandinaviska Enskilda 6.625% 09/07/14 4.5Silverstone Master Issuer 21/01/55 4.3Rabobank Nederland 4% 10/09/15 4.2Total 50.4



Fund Benchmark DifferenceFinancial 50.3 96.1 (45.8)Sovereign/Supranational 30.1 – 30.1Domestic Government 8.9 – 8.9Asset Backed 4.6 – 4.6Mortgage 4.3 – 4.3Industrial – 1.6 (1.6)Utility – 0.7 (0.7)Other – 1.6 (1.6)Cash 1.8 – 1.8Total 100.0 100.0

Credit Rating (%)

Fund Benchmark DifferenceAAA 38.0 – 38.0AA 23.5 13.4 10.1A 36.6 38.1 (5.5)BBB – 38.4 (34.4)BB or below – 10.1 (10.1)Cash 1.8 – 1.8Total 100.0 100.0Ave long term rating AA A-


Key information

Benchmark iBoxx Sterling: Corporate Financial 1-5y

Fund size £25.8m


Investment team EMEA Fixed Income Team


The risks outlined overleaf relating to single country market exposure and bonds are particularly relevant to this Fund but should be read in conjunction with all warnings and comments given in the prospectus for the Fund.



Aberdeen Global - Select Sterling Financials Bond Fund

Interest rate exposure (IRE) (years)

Fund Benchmark DifferenceUnited Kingdom 2.00 2.64 (0.64)Modified Duration 2.00 2.64 (0.64)

Interest rate exposure is calculated by multiplying market weight by duration.

Maturity profile IRE (years)

Fund Benchmark Difference<1 0.10 – 0.101 - 3 1.00 0.69 0.313 - 5 0.90 1.94 (1.04)10-15 – 0.01 (0.01)

Currency Exposure (%)

Fund Benchmark DifferenceUnited Kingdom 100.0 100.0 –Total 100.0 100.0


Market Exposure (%)

Fund Benchmark DifferenceUnited Kingdom 100.0 100.0 –Total 100.0 100.0

Fund statistics


2.1 vs 3.2 (years)


Yields are net of charges and gross of tax and are not guaranteed.


SEDOL B0L13G8

ISIN LU0231464446

BLOOMBERG ABESFAA LX

REUTERS LP65028114

VALOREN 2320611

WKN A0HM7K


Fund type SICAV

Domicile Luxembourg

Currency GBP


Income payable 30 November, 31 May

Sector Lipper Global Bond GBP Short Term




Price as at 30/06/12 £1.9938




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invested.l Past performance is not a guide to the future.l The value of a bond will fall in the event of the default or reduced credit rating of the issuer (or if credit spreads widen,

relative to gilts). Similarly, an increase in credit rating (or narrowing of credit spreads) can lead to capital appreciation. Generally, the higher the quality of the issuer, the lower the interest rate at which they can borrow money. Issuers of a lower quality will tend to have to pay more to borrow money to compensate the lender (the purchases of a bond) for the extra risk taken.





Aberdeen Global - Technology Equity FundPerformance Data and Analytics to 30 June 2012

A With effect from 1/12/2011 the Aberdeen Global – Technology Fund was renamed Aberdeen Global – Technology Equity Fund.


Long-term total return by investing in the equity of companies in high technology industries. For full investment objective and policy details refer to the prospectus. Performance (%)

Annualised


Fund 0.86 -10.84 2.29 -3.26 14.29 1.57 -8.33Benchmark 2.79 -13.08 2.98 -11.51 12.41 -1.37 -5.81Difference -1.93 2.24 -0.69 8.25 1.88 2.94 -2.52Sector average 2.27 -9.42 6.85 -5.89 12.82 0.04 -5.39Sector ranking 176/232 164/232 190/231 102/231 82/223 64/221 97/124Quartile 4 3 4 2 2 2 4


2012 2011 2010 2009 2008Fund -3.26 30.37 18.42 -21.92 -7.30




Technology shares rebounded in June as China’s interest rate cut fuelled hopes that other leading central banks may introduce similar stimulus measures to counter flagging economic growth. Sentiment was lifted further towards the month-end, after European leaders agreed to ease conditions for recapitalising beleaguered lenders.

The US Federal Reserve extended its “Operation Twist” programme to keep long-term interest rates low. To address its national debt, Japan passed a bill through the lower house to double sales tax by 2015. On the corporate front, Apple agreed to pay US$60 million to settle a trademark dispute with Chinese company Proview Technology, which had tried to block its sales of iPads in the mainland. Dell acquired Quest Software, a data management company, for US$2.4 billion to diversify its portfolio and enhance its software exposure.

In portfolio-related news, enterprise software company Oracle’s fourth-quarter results were bolstered by healthy growth in new licences for its software. Microsoft will write down US$6.2 billion in its online services division for a failed acquisition.

There were no significant changes to the portfolio in June.

Top ten holdings

Sector %

VodafoneTelecommunication Services 7.2

Oracle Corporation Software & Services 6.9

TSMC ADS

Semiconductor & Semiconductor Equipment 6.9

Samsung Electronics GDR


ASM Pacific Technology


EMCTechnology Hardware & Equipment 4.9

Canon IncTechnology Hardware & Equipment 4.7

Cisco SystemsTechnology Hardware & Equipment 4.7

Microsoft Software & Services 4.5

Taiwan MobileTelecommunication Services 4.5

Total 54.4


Country breakdown

%United States 43.6Taiwan 11.4Japan 8.8United Kingdom 8.4South Korea 5.2Hong Kong 4.9Israel 4.0Canada 4.0Sweden 3.1Singapore 2.0Cash 4.7Total 100.0

Sector breakdown

%Technology Hardware & Equipment 24.6Semiconductor & Semiconductor Equipment 23.2Software & Services 22.3Telecommunication Services 19.2Industrials 4.1Communications 2.0Cash 4.7Total 100.0


Key information

Benchmark Merrill Lynch Technology 100A

Fund size US$212.9m

Date of launch 15 February 2000

Investment team Global Equity TeamAFrom 19 October 2009, previously ML Technology 100.


The risks outlined overleaf relating to specialist investments and exchange rate movements are particularly relevant to this Fund but should be read in conjunction with all warnings and comments given in the prospectus for the Fund.



Aberdeen Global - Technology Equity Fund

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invested.l Past performance is not a guide to the future.l The Fund invests in a specialist market sector and as such is likely to be more volatile than a more widely invested fund.l Movements in exchange rates can impact on both the level of income received and the capital value of your investment. If





Source: Aberdeen Asset Management, Bloomberg, total return, Gross of Fees Russell/Mellon Analytical Services, Factset, USD. Please note the risk analytics figures are calculated on gross returns whereas the performance figures are based on net asset value (NAV) returns. In addition, the risk analytics figures lag the performance figures by one month.


SEDOL 5924882

ISIN LU0107464264

BLOOMBERG AGLTECA LX

REUTERS LP60000047

VALOREN 1046243

WKN 933484


Fund type SICAV

Domicile Luxembourg

Currency USD



Sector Lipper Global Equity Sector Information Tech




Price as at 30/06/12 US$3.4051





Aberdeen Global - UK Equity FundPerformance Data and Analytics to 30 June 2012


Long-term total return by investing in United Kingdom equities. For full investment objective and policy details refer to the prospectus. Performance (%)

Annualised


Fund 4.18 -1.68 4.75 -0.04 16.73 -0.56 5.05Benchmark 4.82 -2.63 3.32 -3.13 13.80 0.39 8.77Difference -0.64 0.95 1.43 3.09 2.93 -0.95 -3.72Sector average 2.72 -4.40 3.56 -4.31 11.41 -0.78 6.98Sector ranking 112/410 39/409 115/408 50/402 26/365 175/329 46/49Quartile 2 1 2 1 1 3 4


2012 2011 2010 2009 2008Fund -0.04 26.03 26.31 -17.15 -26.24



Performance Data: Share Class A2 Acc Source: Lipper, Basis: Total Return, NAV to NAV, net of annual charges, gross Income reinvested, (GBP). These figures are gross of an initial charge: to the extent that this is paid, it will reduce performance from that shown. Past performance is no indication of current or future performance, and the performance data do not take account of the commissions and costs incurred on the issue and redemption of units. Fund managers’ report

Domestic shares rose in June, bolstered by surprise emergency measures to stem Europe’s debt crisis, Greece’s success in forming a pro-bailout coalition government and a €100 billion pledge for Spanish banks. In particular, investors were encouraged by Germany’s concession to allow the rescue fund to recapitalise troubled banks directly and buy sovereign debt in the primary markets to lower borrowing costs.

Unemployment fell in the quarter to April but claims for jobless benefits rose in May. On a positive note, the retail sector was boosted by the Queen’s diamond jubilee and pre-Olympic spending. Meanwhile, inflation eased as food and fuel prices slowed.

Over £100 billion will be injected into the banking system to promote lending to small and medium-sized companies. The central bank also hinted that it might expand its quantitative easing efforts beyond the £325 billion already committed through further asset purchases.

The government scrapped plans to hike the fuel duty given the difficult economic environment.

There were no major portfolio changes during the month.

Top ten holdings

Sector %British American Tobacco Consumer Goods 4.7Prudential Financials 4.4Rolls Royce Industrials 4.4Unilever Consumer Goods 4.3Aberdeen UK Smaller Companies Fund Miscellaneous 4.0Pearson Consumer Services 3.8Standard Chartered Financials 3.8Centrica Utilities 3.7HSBC Financials 3.6Royal Dutch Shell A Oil & Gas 3.6Total 40.3


Sector breakdown

%Industrials 15.9Financials 14.8Consumer Goods 13.9Consumer Services 13.3Oil & Gas 11.5Basic Materials 8.6Utilities 5.1Other 14.1Cash 2.8Total 100.0


Key information

Benchmark FTSE All Share

Fund size £32.8m




The risk outlined overleaf relating to single country market exposure is particularly relevant to this Fund but should be read in conjunction with all warnings and comments given in the prospectus for the Fund.



Aberdeen Global - UK Equity Fund

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invested.l Past performance is not a guide to the future.l Exposure to a single country market increases potential volatility.Other important information:Aberdeen Global is a Luxembourg-domiciled UCITS fund, incorporated as a Société Anonyme and organised as a Société d’investissement à Capital Variable (a “SICAV”). The information contained in this marketing document should not be considered as an offer, or solicitation, to deal in the shares of any securities or financial instruments. It is not intended for distribution or use by any person or entity who is a citizen or resident of or located in any jurisdiction where such distribution, publication or use would be prohibited. The Fund is not registered under the United States Securities Act of 1933, nor the United States Investment Company Act of 1940 and therefore may not directly or indirectly be offered or sold in the United States of America or any of its states, territories, possessions or other areas subject to its jurisdiction or to or for the benefit of a United States Person. No information, opinions or data in this document constitute investment, legal, tax or other advice and are not to be relied upon in making an investment or other decision. Subscriptions for shares in the Fund may only be made on the basis of the latest prospectus, together with the latest annual report, semi-annual report can be obtained free of charge from Aberdeen Asset Managers Limited, 10 Queens Terrace, Aberdeen, AB10 1YG, Scotland and are also available on www.aberdeen-asset.com. In Switzerland these documents along with the Fund’s articles of association can be obtained from the Fund’s Representative and Paying Agent, BNP Paribas Securities, Zurich Branch, Selnaustrasse 16, CH 8002 Zurich, Switzerland. Tax treatment depends on the individual circumstances of each investor and may be subject to change in the future. You should obtain specific professional advice before making any investment decision. Issued in Switzerland by Aberdeen Asset Managers Switzerland AG (“AAMS”). Registered in Switzerland No. CH-020.3.033.962-7. Registered Office: Schweizergasse 14, 8001 Zurich. Authorised and regulated by the Swiss Financial Market Supervisory Authority (FINMA) Issued in the EU by Aberdeen Asset Managers Limited. Registered in Scotland No.108419. Registered Office: 10 Queen’s Terrace, Aberdeen, AB10 1YG. Authorised and regulated by the Financial Services Authority in the United Kingdom. Aberdeen Asset Managers Limited reserves the right to make changes and corrections to any information in this document at any time, without notice.



Source: Aberdeen Asset Management, total return, Gross of Fees, Russell/Mellon Analytical Services, Factset, GBP. Please note the risk analytics figures are calculated on gross returns whereas the performance figures are based on net asset value (NAV) returns. In addition, the risk analytics figures lag the performance figures by one month.


SEDOL 4008806

ISIN LU0011963757

BLOOMBERG AETUKEI LX

REUTERS LP60000048

VALOREN 600928

WKN 973319


Fund type SICAV

Domicile Luxembourg

Currency GBP


Income payable 31 May, 30 November

Sector Lipper Global Equity UK




Price as at 30/06/12 £16.4535





Aberdeen Global - Select Global Credit Bond FundPerformance Data and Analytics to 30 June 2012

A With effect from 1/12/2011 the Aberdeen Global – World Bond Fund was renamed Aberdeen Global – Select Global Credit Bond Fund.


Long-term total return by investing in Debt and Debt-Related securities issued by corporations, multilateral development banks or governments or government related bodies. For full investment objective and policy details refer to the prospectus. Performance (%)

Annualised


Fund 1.00 -0.86 7.88 1.92 5.41 10.62 6.57Benchmark 0.32 1.77 4.83 7.77 7.49 12.97 7.23Difference 0.68 -2.63 3.05 -5.85 -2.08 -2.35 -0.66Sector average 0.19 0.64 1.68 1.14 8.42 10.48 6.08Sector ranking 540/1725 1175/1676 30/1630 821/1561 767/1159 451/904 38/86Quartile 2 3 1 3 3 2 2


2012 2011 2010 2009 2008Fund 1.92 1.93 12.75 22.86 15.15


Year to date 2011 2010 2009 2008Fund 7.88 -5.21 6.71 -5.50 46.32Benchmark 4.83 2.88 8.48 -8.69 53.53Difference 3.05 -8.09 -1.77 3.19 -7.21Sector average 1.68 2.83 9.98 3.55 28.01Sector ranking 30/1630 1391/1516 836/1370 914/1300 189/1261Quartile 1 4 3 3 1

Performance Data: Share Class D1 Dist Source: Lipper, Basis: Total Return, NAV to NAV, net of annual charges, gross Income reinvested, (GBP). A The fund was created as a sub fund of Aberdeen Global on 24/03/2006 by the conversion of Aberdeen International World Bond Fund. the historical track record reflects that of Aberdeen International World Bond Fund launched 01/07/1991. These figures are gross of an initial charge: to the extent that this is paid, it will reduce performance from that shown. Past performance is no indication of current or future performance, and the performance data do not take account of the commissions and costs incurred on the issue and redemption of units. Fund managers’ report

June ended on a positive note following another turbulent month where Eurozone sovereign headlines dominated credit valuations.

Moody’s completed its review of the banking system with some large negative ratings for banks with global capital market operations. Moody’s reacted particularly negatively to Spain’s request for a bailout, downgrading the country from A3 to Baa3.

We continued to reduce the fund’s exposure to both peripheral markets and the subordinated financial sector, selling a subordinated bond issued by Santander.

We will be watching company results closely as we enter the second quarter reporting season for confirmation of a weaker corporate environment.



Source: Aberdeen Asset Management, total return, Gross of Fees, russell/Mellon Analytical Services, Factset, GBP. Please note the risk analytics figures are calculated on gross returns whereas the performance figures are based on net asset value (NAV) returns. In addition, the risk analytics figures lag the performance figures by one month.

Top ten holdings

%

US Treasury 1.75% 15/05/22 1.4US Treasury 3.125% 15/02/42 1.4Amern Mun Power-Babs 7.834% 15/02/41 1.3Natl Australia Bank NY 2.75% 09/03/17 1.3Royal Bk of Scotland 6.5% 17/05/18 1.3Telecom Italia 6.375% 24/06/19 1.3Met Transport Auth N Y Rev 6.814% 15/11/40 1.2Municipal Electric Authority of Georgia 6.637% 01/04/57 1.2Romulus Finance 4.94% 20/02/13 1.2Telefonica Emisiones 5.375% 02/02/18 1.2Total 12.8



Fund Benchmark DifferenceIndustrial 31.1 34.8 (3.7)Financial 28.3 30.6 (2.3)Sovereign/Supra 11.9 26.3 (14.4)Domestic Government 7.9 – 7.9Mortgage 5.1 – 5.1Utility 4.7 7.2 (2.5)Covered 4.5 – 4.5Other 3.0 1.1 1.9Cash 3.5 – 3.5Total 100.0 100.0

Credit Rating (%)

Fund Benchmark DifferenceAAA 6.0 13.4 (7.4)AA 18.0 11.0 7.0A 16.0 36.9 (20.9)BBB 31.1 35.2 (4.1)BB or below 25.3 2.4 22.9Cash 3.5 – 3.5Unrated – 1.0 (1.0)Total 100.0 100.0Ave long term rating BBB+ A


Key information

Benchmark BarCap Global Agg Credit (Hedged GBP 100%)B

Fund size £47.4m


Investment team Fixed Income TeamB prior to 31 January 2011 the benchmark was Citigroup WGBI.





Aberdeen Global - Select Global Credit Bond Fund

Interest rate exposure (IRE) (years)

Fund Benchmark DifferenceDollar Bloc 3.68 3.97 (0.29)Europe 1.71 1.66 0.05Japan 0.02 0.15 (0.13)Modified Duration 5.41 5.80 (0.39)

Interest rate exposure is calculated by multiplying market weight by duration.

Maturity profile IRE (years)

Fund Benchmark Difference<1 0.03 0.03 –1-3 0.29 0.49 (0.20)3-7 1.47 1.55 (0.08)7-11 1.63 1.31 0.3211-19 0.31 0.53 (0.22)19-25 0.31 0.64 (0.33)>25 1.38 1.25 0.13Total 5.41 5.80 (0.39)

Currency Exposure (%)

Fund Benchmark DifferenceEurope 99.8 100.0 (0.2)Dollar bloc 0.2 0.0 0.2Total 100.0 100.0


Market Exposure (%)C

Fund Benchmark DifferenceDollar Bloc 68.0 68.5 (0.5)Europe 31.6 28.6 3.0Japan 0.4 2.6 (2.2)Total 100.0 100.0

C Calculated as a percentage of interest rate exposure.

Fund statistics


8.5 vs 8.1 (years)



Yields are net of charges and gross of tax and are not guaranteed.

Codes (Class D - 1 Inc)

SEDOL B0L13T1

ISIN LU0231465849

BLOOMBERG ABEWBD1 LX

REUTERS LP65028213

VALOREN 2320640

WKN A0HM7S


Fund type SICAV

Domicile Luxembourg

Currency GBP


Income payable 30 November, 31 May

Sector Lipper Global Bond Global




Price as at 30/06/12 £1.6064




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Top ten holdings

Country %Vodafone United Kingdom 4.1Roche Holdings Switzerland 4.0TSMC Taiwan 3.8Johnson & Johnson United States 3.6British American Tobacco United Kingdom 3.5Philip Morris International United States 3.4Standard Chartered United Kingdom 3.1Royal Dutch Shell B United Kingdom 3.0Novartis Switzerland 2.9Tenaris ADR Italy 2.8Total 34.2


Country breakdown

%United States 24.2United Kingdom 17.5Switzerland 12.1Japan 6.1Brazil 5.8Italy 5.2Sweden 4.3Taiwan 3.8Canada 3.6China 2.9Other 11.2Cash 3.4Total 100.0

Sector breakdown

%Financials 19.2Consumer Staples 18.9Energy 15.3Health Care 12.0Information Technology 9.3Industrials 7.5Telecommunication Services 6.7Other 7.8Cash 3.4Total 100.0


Key information


Fund size US$3.5bn




Aberdeen Global - World Equity FundPerformance Data and Analytics to 30 June 2012


Long-term total return by investing in equities. For full investment objective and policy details refer to the prospectus. Performance (%)

Annualised


Fund 3.87 -4.76 3.75 -3.25 11.70 -0.48 7.48Benchmark 5.15 -4.86 6.29 -4.42 11.57 -2.40 7.08Difference -1.28 0.10 -2.54 1.17 0.13 1.92 0.40Sector average 3.96 -6.81 3.37 -10.19 7.85 -4.18 5.62Sector ranking 2958/5109 996/5080 2454/5019 412/4874 721/3954 402/3094 40/229Quartile 3 1 2 1 1 1 1


2012 2011 2010 2009 2008Fund -3.25 26.93 13.50 -26.87 -4.25


Year to date 2011 2010 2009 2008Fund 3.75 -2.37 10.19 36.17 -39.08Benchmark 6.29 -5.02 12.34 30.79 -40.33Difference -2.54 2.65 -2.15 5.38 1.25Sector average 3.37 -9.31 10.36 35.07 -42.82Sector ranking 2454/5019 421/4841 2457/4545 1827/4669 1075/4584Quartile 2 1 3 2 1








The risk outlined overleaf relating to exchange rate movements and emerging markets is relevant to this Fund but should be read in conjunction with all warnings and comments given in the prospectus for the Fund.



Aberdeen Global - World Equity Fund

¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯




l The Fund invests in emerging markets which tend to be more volatile than mature markets and the value of your investment could move sharply up or down.In some circumstances, the underlying investments may become illiquid which may constrain the Investment Manager’s ability to realise some of the portfolio.the registration and settlement arrangements in emerging markets may be less developed than in more mature markets so the operational risks of investing are higher. Political risks and adverse economic circumstances are more likely to arise, putting the value of your investment at risk.




Source: Aberdeen Asset Management, total return, Gross of Fees Russell/Mellon Analytical Services, US$. Please note the risk analytics figures are calculated on gross returns whereas the performance figures are based on net asset value (NAV) returns. In addition, the risk analytics Figures lag the performance figures by one month.


SEDOL 5621990

ISIN LU0094547139

BLOOMBERG ABEMCAA LX

REUTERS LP60000046

VALOREN 446851

WKN 989897


Fund type SICAV

Domicile Luxembourg

Currency USD







Price as at 30/06/12 US$14.4549





Aberdeen Global - World Equity Income FundPerformance Data and Analytics to 30 June 2012


Income combined with capital growth by investing in equities and equity-related securities of companies worldwide. For full investment objective and policy details refer to the prospectus. Performance (%)

Annualised


Fund 3.76 0.79 5.36 11.59 – – 6.59Benchmark 2.44 -0.16 8.73 9.21 – – 1.67Difference 1.32 0.95 -3.37 2.38 – – 4.92Sector average 1.64 0.23 7.20 10.01 – – 3.93Sector ranking 5/39 18/38 28/37 9/35 – – 8/32Quartile 1 2 3 1 – – 1


2012 2011 2010 2009 2008Fund 11.59 – – – –


Year to date 2011 2010 2009 2008Fund 5.36 – – – –Benchmark 8.73 – – – –Difference -3.37 – – – –Sector average 7.20 – – – –Sector ranking 28/37 – – – –Quartile 3 – – – –

Performance Data: Share Class E1 Inc Source: Lipper, Basis: Total Return, NAV to NAV, net of annual charges, gross Income reinvested, (EUR). These figures are gross of an initial charge: to the extent that this is paid, it will reduce performance from that shown. Past performance is no indication of future performance. Fund managers’ report



Inflation held steady in the Continent and eased in the UK owing to lower food and fuel prices. The US Federal Reserve extended its “Operation Twist” program to keep long-term interest rates low. To address its national debt, Japan passed a bill through the lower house to double sales tax by 2015. Credit rating agencies Moody’s and Fitch downgraded Spain’s rating from A to BBB.

In June, we divested Spanish insurer Mapfre owing to the deteriorating domestic economy.

Top ten holdings

Country %Philip Morris International United States 4.0Vodafone United Kingdom 4.0Singapore Telecommunications Singapore 3.9Johnson & Johnson United States 3.6British American Tobacco United Kingdom 3.5Roche Holdings Switzerland 3.5Royal Dutch Shell B United Kingdom 3.5Taiwan Mobile Taiwan 3.2Souza Cruz Brazil 3.1Standard Chartered United Kingdom 3.1Total 35.4


Country breakdown

%United Kingdom 17.9Brazil 12.3United States 11.2Switzerland 10.2Taiwan 5.9Japan 5.1France 5.0Mexico 4.0Singapore 3.9China 3.7Other 17.3Cash 3.8Total 100.0

Sector breakdown

%Consumer Staples 25.0Telecommunication Services 19.9Financials 15.6Energy 12.3Health Care 11.2Information Technology 4.3Utilities 3.4Other 4.4Cash 3.8Total 100.0


Key information


Fund size US$71.6m







Aberdeen Global - World Equity Income Fund

¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯




l The Fund invests in emerging markets which tend to be more volatile than mature markets and the value of your investment could move sharply up or down. In some circumstances, the underlying investments may become illiquid which may constrain the Investment Manager’s ability to realise some of the portfolio. the registration and settlement arrangements in emerging markets may be less developed than in more mature markets so the operational risks of investing are higher.political risks and adverse economic circumstances are more likely to arise, putting the value of your investment at risk.


Codes (Class E - 1 Inc)

SEDOL B61RPC8

ISIN LU0566485693

BLOOMBERG ABEMCE1 LX

REUTERS LP68086708

VALOREN 12566340

WKN A1JFM1


Fund type SICAV

Domicile Luxembourg

Currency EUR


Income payable 30 November, 28 February, 31 May, 31 August

Sector Lipper Global Equity Global Income




Price as at 30/06/12 €10.5213





Aberdeen Global - World Resources Equity Fund Performance Data and Analytics to 30 June 2012

A With effect from 1/12/2011 the Aberdeen Global – World Resource Fund was renamed Aberdeen Global – World Resource Equity Fund.


The Fund’s investment objective is long-term total return to be achieved by investing at least two-thirds of the Fund’s assets in worldwide companies active in the extraction, production, processing and trading of the following products: chemicals, building materials, metals and other raw materials, timber and paper products, containers and packaging as well as companies in the energy resources sector. Furthermore, the Fund may invest in companies which obtain the majority of their revenues by financing the above activities. For full investment objective and policy details refer to the prospectus. Performance (%)

Annualised


Fund 1.38 -10.83 -3.35 -16.24 7.11 -5.25 0.22Benchmark 5.79 -8.47 -1.95 -18.33 9.29 -2.82 –Difference -4.41 -2.36 -1.40 2.09 -2.18 -2.43 –Sector average 1.31 -14.92 -9.21 -26.99 2.98 -5.16 7.32Sector ranking 266/491 118/487 87/481 61/459 119/375 148/261 19/19Quartile 3 1 1 1 2 3 4


2012 2011 2010 2009 2008Fund -16.24 33.84 9.64 -49.51 23.01


Year to date 2011 2010 2009 2008Fund -3.35 -11.37 11.67 56.91 -54.73Benchmark -1.95 -14.86 18.01 56.19 -47.19Difference -1.40 3.49 -6.34 0.72 -7.54Sector average -9.21 -20.06 17.09 70.04 -52.78Sector ranking 87/481 106/450 326/435 240/411 190/363Quartile 1 1 3 3 3

Performance Data: Share Class S2 Acc Source: Lipper, BPSS, Datastream, Basis: Total Return, NAV to NAV, net of annual charges, gross income reinvested, (USD). These figures are gross of an initial charge: to the extent that if this is paid, it will reduce performance from that shown. A The Aberdeen Global – World Resources Fund was launched on 23 July 2010 to facilitate a transfer of unitholders from the Credit Suisse Equity Fund (lux) Global Resources Aberdeen (launched on 1 December 1989) to the Aberdeen Global SICAV. Prior to July 2010, the Fund’s historic track record is that of the Credit Suisse equity Fund (Lux) World Resources Aberdeen, with Aberdeen’s Global Equity Team managing the fund since July 2009. Past performance is no indication of current or future performance, and the performance data do not take account of the commissions and costs incurred on the issue and redemption of units. Fund managers’ report

Global resources equities rose in June as risk appetite improved following China’s interest rate cut and a more coordinated effort to stem the Eurozone’s sovereign debt crisis towards month-end.

Gold prices rose amid speculation that the US will act to spur growth. This boosted demand for bullion as a hedge against inflation. Conversely, oil prices fell on weak demand expectations for crude due to weakening growth in the US and China. Economic data continued to disappoint. In the Eurozone, unemployment hit a fresh high of 11.1% in May, while industrial production fell in April. Elsewhere, China's manufacturing activity slowed. In portfolio-related news, Vale was granted a preliminary license to develop the 90-million-ton-a-year Serra Sul project in the Amazon, the largest iron ore project in its history. Tenaris is expanding its US operations by investing US$1.5 billion in a state-of-the-art pipe mill that will start production by 2016 and strengthen its position in the region. There were no major changes to the portfolio in June.

Top ten holdings

Country %Vale Sa Brazil 7.3Tenaris ADR Italy 6.9EOG Resources United States 6.2Royal Dutch Shell B United Kingdom 6.2ENI Italy 5.2BHP Billiton United Kingdom 5.0Shin-Etsu Chemical Co Japan 4.7Praxair Inc United States 4.5Rio Tinto United Kingdom 4.4Schlumberger Com United States 4.4Total 54.8


Country breakdown

%United States 17.6United Kingdom 17.5Canada 13.6Brazil 12.6Italy 12.1France 5.6Japan 4.7China 3.8Germany 3.5Thailand 3.3Other 5.1Cash 0.7Total 100.0

Sector breakdown

%Materials 48.1Energy 42.8Industrials 8.5Cash 0.7Total 100.0


Key information

Benchmark S&P Global Natural Resources

Fund size US$312.1m




The risk outlined overleaf relating to exchange rate movements is particularly relevant to this Fund but should be read in conjunction with all warnings and comments given in the prospectus for the Fund.



Aberdeen Global - World Resources Equity Fund

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l The Fund invests in a specialist market sector and as such is likely to be more volatile than a more widely invested fund.Other important information:Aberdeen Global is a Luxembourg-domiciled UCITS fund, incorporated as a Société Anonyme and organised as a Société d’investissement à Capital Variable (a “SICAV”). The information contained in this marketing document should not be considered as an offer, or solicitation, to deal in the shares of any securities or financial instruments. It is not intended for distribution or use by any person or entity who is a citizen or resident of or located in any jurisdiction where such distribution, publication or use would be prohibited. The Fund is not registered under the United States Securities Act of 1933, nor the United States Investment Company Act of 1940 and therefore may not directly or indirectly be offered or sold in the United States of America or any of its states, territories, possessions or other areas subject to its jurisdiction or to or for the benefit of a United States Person. No information, opinions or data in this document constitute investment, legal, tax or other advice and are not to be relied upon in making an investment or other decision. Subscriptions for shares in the Fund may only be made on the basis of the latest prospectus, together with the latest annual report, semi-annual report can be obtained free of charge from Aberdeen Asset Managers Limited, 10 Queens Terrace, Aberdeen, AB10 1YG, Scotland and are also available on www.aberdeen-asset.com. In Switzerland these documents along with the Fund’s articles of association can be obtained from the Fund’s Representative and Paying Agent, BNP Paribas Securities, Zurich Branch, Selnaustrasse 16, CH 8002 Zurich, Switzerland. Tax treatment depends on the individual circumstances of each investor and may be subject to change in the future. You should obtain specific professional advice before making any investment decision. Issued in Switzerland by Aberdeen Asset Managers Switzerland AG (“AAMS”). Registered in Switzerland No. CH-020.3.033.962-7. Registered Office: Schweizergasse 14, 8001 Zurich. Authorised and regulated by the Swiss Financial Market Supervisory Authority (FINMA) Issued in the EU by Aberdeen Asset Managers Limited. Registered in Scotland No.108419. Registered Office: 10 Queen’s Terrace, Aberdeen, AB10 1YG. Authorised and regulated by the Financial Services Authority in the United Kingdom. Aberdeen Asset Managers Limited reserves the right to make changes and corrections to any information in this document at any time, without notice.



Source: Aberdeen Asset Management, BPSS, Datastream, total return, Gross of Fees Russell/Mellon Analytical Services, US$. Please note the risk analytics figures are calculated on gross returns whereas the performance figures are based on net asset value (NAV) returns. In addition, the risk analytics Figures lag the performance figures by one month.


SEDOL B3S8WD3

ISIN LU0505784297

BLOOMBERG AWRDRS2 LX

REUTERS LP68052476

VALOREN 11364765

WKN A1CY81


Fund type SICAV

Domicile Luxembourg

Currency USD



Sector Lipper Global Equity Sector Natural Resource




Price as at 30/06/12 US$12.0861




aberdeen global factsheets - wayfinder · past performance is no indication of current or future...

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