-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, TCGtkcqcADMgC4MMm7k7uAM7sg3fe+M/yYfqV9ecdRIfd9wgdDCIjjMe/SXpJMx2 VStin2yNkUjkmyvpeBAw/A== 0000088053-04-001015.txt : 20041129 0000088053-04-001015.hdr.sgml : 20041129 20041129101634 ACCESSION NUMBER: 0000088053-04-001015 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20040930 FILED AS OF DATE: 20041129 DATE AS OF CHANGE: 20041129 EFFECTIVENESS DATE: 20041129 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SCUDDER NEW ASIA FUND INC CENTRAL INDEX KEY: 0000798738 IRS NUMBER: 133410777 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-04789 FILM NUMBER: 041169781 BUSINESS ADDRESS: STREET 1: 345 PARK AVE CITY: NEW YORK STATE: NY ZIP: 10154 BUSINESS PHONE: 617-295-3986 MAIL ADDRESS: STREET 1: DEUTSCHE ASSET MANAGEMENT STREET 2: TWO INTERNATIONAL PLACE CITY: BOSTON STATE: MA ZIP: 02110 FORMER COMPANY: FORMER CONFORMED NAME: JAPAN ASIA SPECIAL FUND INC DATE OF NAME CHANGE: 19870518 N-Q 1 nq093004sna.txt N-Q FILING UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY ------------------------------- Investment Company Act file number 811-4789 Scudder New Asia Fund, Inc. --------------------------- (Exact name of registrant as specified in charter) 345 Park Avenue New York, NY 10154 ------------------ (Address of principal executive offices) (Zip code) Salvatore Schiavone Two International Place Boston, Massachusetts 02110 --------------------------- (Name and address of agent for service) Registrant's telephone number, including area code: (617) 295-2663 -------------- Date of fiscal year end: 12/31 ----- Date of reporting period: 9/30/04 --------- Form N-Q is to be used by registered management investment companies, other than small business investment companies registered on Form N-5 (ss.ss. 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than 60 days after the close of the first and third fiscal quarters, pursuant to rule 30b1-5 under the Investment Company Act of 1940 (17 CFR 270.30b1-4). The Commission may use the information provided on Form N-Q in its regulatory, disclosure review, inspection, and policymaking roles. A registrant is required to disclose the information specified by Form N-Q, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-Q unless the Form displays a currently valid Office of Management and Budget ("OMB") control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. ss. 3507. ITEM 1. SCHEDULE OF INVESTMENTS Scudder New Asia Fund, Inc. Investment Portfolio as of September 30, 2004 (Unaudited)
- ------------------------------------------------------------------------------------------------------------------------ Shares Value ($) --------------------------------------- Common Stocks 97.1% Australia 2.5% Newcrest Mining Ltd. 157,588 1,743,018 Rio Tinto Ltd. 57,300 1,584,223 ------------ (Cost $1,913,292) 3,327,241 Bermuda 1.6% Midland Realty Holdings Ltd. 5,579,300 2,146,807 (Cost $975,201) China 6.6% Beijing Datang Power Generation Co., Ltd. "H" 1,586,000 1,291,721 Chen Hsong Holdings Ltd. 572,000 344,815 China Petroleum & Chemical Corp. "H" 5,154,000 2,098,844 China Telecom Corp., Ltd. "H" 4,400,000 1,424,971 China Vanke Co., Ltd. "B" 2,135,400 1,153,064 Hainan Meilan Airport Co., Ltd. "H" 1,327,400 1,098,129 Harbin Power Equipment Co., Ltd. "H" 2,781,300 663,518 People's Food Holdings Ltd. 961,900 662,690 ------------ (Cost $7,400,346) 8,737,752 Hong Kong 13.3% BOC Hong Kong Holdings Ltd. 590,700 1,079,627 Cheung Kong Holdings Ltd. 204,000 1,753,061 China Southern Airlines Co., Ltd. "H"* 2,760,000 1,026,595 Fountain Set Holdings Ltd. 3,029,000 2,272,726 Hong Kong Exchange & Clearing Ltd. 890,000 2,020,483 Hongkong Land Holdings Ltd. 646,000 1,272,620 Hutchison Whampoa Ltd. 309,000 2,417,577 Kingboard Chemical Holdings Ltd. 910,000 1,873,305 Pacific Basin Shipping Ltd.* 496,000 213,117 Shangri-La Asia Ltd. 942,000 1,008,856 Skyworth Digital Holdings Ltd. 3,878,700 1,057,151 Wing Hang Bank Ltd. 254,000 1,661,483 ------------ (Cost $16,354,345) 17,656,601 India 4.9% Corporation Bank 27 165 Housing Development Finance Corp., Ltd. 49,900 663,847 Jindal Iron & Steel Co., Ltd. 157,300 906,643 Mahindra & Mahindra Ltd. 133,100 1,241,667 Reliance Industries Ltd. 182,300 2,058,572 Satyam Computer Services Ltd. 195,200 1,605,328 ------------ (Cost $6,276,092) 6,476,222 Indonesia 2.7% PT Bank Mandiri 7,177,500 1,137,045 PT Telekomunikasi Indonesia Tbk* 5,346,000 2,423,894 ------------ (Cost $2,285,403) 3,560,939 Japan 20.7% AEON Mall Co., Ltd. 43,000 2,458,930 Chiyoda Corp.* 430,000 3,264,239 Citizen Watch Co., Ltd. 207,000 2,030,574 JFE Holdings, Inc. 72,600 2,072,494 Kamigumi Co., Ltd. 138,000 1,001,173 KDDI Corp. 188 914,405 Matsui Securities Co., Ltd. 66,500 1,671,644 Mitsubishi Tokyo Financial Group, Inc. 330 2,757,125 Mitsui O.S.K. Lines, Ltd. 271,000 1,628,538 Modec, Inc. 31,000 689,077 Nitto Denko Corp. 25,000 1,152,325 Park24 Co., Ltd. 47,000 1,384,427 Pioneer Corp. 36,000 752,761 Sammy Corp. 18,000 883,677 Sumitomo Corp. 309,000 2,303,559 Sumitomo Realty & Development Co., Ltd. 166,000 1,773,262 Tosoh Corp. 172,000 697,414 ------------ (Cost $20,051,025) 27,435,624 Korea 19.5% Daegu Bank 415,300 2,365,930 Daewoo Shipbuilding & Marine Engineering Co., Ltd. 69,300 1,000,341 GS Holdings Corp. * 60,900 1,303,678 Hynix Semiconductor, Inc.* 72,200 664,171 Hyundai Mobis 15,000 755,536 Korea Exchange Bank* 115,300 669,871 Korea Information Service, Inc. 80,100 1,314,711 KT&G Corp. 53,700 1,420,030 LG Electronics, Inc. 23,430 1,346,996 LG Engineering & Construction Corp. 38,060 694,103 LG International Corp. 172,100 1,325,686 LG.Philips LCD Co., Ltd. (ADR)* 42,600 645,390 NEPES Corp.* 106,900 805,811 NHN Corp. 14,100 1,179,184 Samsung Electronics Co., Ltd. 22,410 8,913,400 Ssangyong Motor Co.* 35,720 251,885 Taegu Department Store Co., Ltd. 159,000 1,099,123 ------------ (Cost $19,247,361) 25,755,846 Malaysia 2.6% Commerce Asset-Holding Bhd. 1,085,700 1,285,697 Resorts World Bhd. 485,300 1,277,105 SP Setia Bhd. 942,300 917,503 (Cost $4,123,401) ------------ 3,480,305 Philippines 1.0% Philippine Long Distance Telephone Co. (ADR)* 52,800 1,322,112 (Cost $934,408) Singapore 2.9% DBS Group Holdings Ltd. * 167,000 1,586,934 Elec & Eltek International Co., Ltd. 341,800 980,966 Singapore Telecommunications Ltd. 901,650 1,253,072 ------------ (Cost $3,764,239) 3,820,972 Taiwan 13.2% China Steel Corp. 1,586,000 1,610,745 Chungwha Telecom Co., Ltd. 1,071,000 1,781,322 CMC Magnetics Corp. 1,216,000 601,378 Compal Electronics, Inc. 1,737,230 1,723,422 Hon Hai Precision Industry Co., Ltd. 297,849 1,025,856 Hotai Motor Co., Ltd. 535,000 881,955 Hung Poo Real Estate Development Corp. 775,000 563,512 Mega Financial Holding Co., Ltd. 3,327,520 2,096,230 Nan Ya Plastic Corp. 65,062 94,806 Siliconware Precision Industries Co. 3,147,400 2,158,799 Taiwan Semiconductor Manufacturing Co., Ltd. 2,540,040 3,237,672 United Microelectronics Corp. (ADR)* 177,100 598,598 Yuanta Core Pacific Securities Co.* 1,512,000 1,068,237 ------------ (Cost $16,775,592) 17,442,532 Thailand 5.6% Bangkok Bank PCL (Foreign Registered)* 797,400 1,896,966 Banpu Public Co., Ltd. (Foreign Registered) 280,800 1,085,086 PTT Exploration and Production PCL (Foreign Registered) 142,100 1,022,722 Siam City Bank PCL (Foreign Registered) 1,549,400 849,448 Thai Olefin Co., Ltd. (Foreign Registered)* 591,900 900,609 The Siam Cement Public Co., Ltd. (Foreign Registered) 266,400 1,711,445 ------------ (Cost $6,095,630) 7,466,276 Total Common Stocks (Cost $106,196,335) 128,629,229 Preferred Stocks 1.9% Korea Daishin Securities Co., Ltd 210,500 1,590,404 Samsung Electronics Co., Ltd. 3,800 994,963 ------------ Total Preferred Stocks (Cost $2,056,407) 2,585,367 Rights 0.0% Hong Kong Hutchison Telecommunications International* 4,120 0 (Cost $0) Thailand True Corp. PCL* 299,999 0 (Cost $0) Total Rights (Cost $0) 0 Cash Equivalents 1.5% Scudder Cash Management QP Trust 1.70% (a) (Cost $2,006,840) 2,006,840 2,006,840 ------------ % of Net Assets Value ($) Total Investment Portfolio (Cost $110,259,582) 100.5 133,221,436 Other Assets and Liabilities, Net -0.5 -704,987 ------------ Net Assets 100.0 132,516,449 ============
For information on the Fund's policies regarding the valuation of investments and other significant accounting policies, please refer to the Fund's most recent semi-annual or annual financial statements. At September 30, 2004, the Scudder New Asia, Inc. Fund had the following sector diversification:
As a % of Investment Sector Market Value ($) Portfolio - ------------------------------------------------------------------------------------------------------------------------ Financials 32,459,935 24.4% Information Technology 28,837,157 21.7% Industrials 25,195,356 18.9% Materials 17,032,462 12.8% Consumer Discretionary 12,073,903 9.1% Telecommunication Services 9,119,776 6.9% Energy 3,121,566 2.3% Consumer Staples 2,082,720 1.6% Utilities 1,291,721 1.0% - ------------------------------------------------------------------------------------------------------------------------ Total Common and Preferred Stocks 131,214,596 98.5% - ------------------------------------------------------------------------------------------------------------------------ Cash Equivalents 2,006,840 1.5% - ------------------------------------------------------------------------------------------------------------------------ Total Investment Portfolio (excluding cash equivalents) 133,221,436 100.0% - ------------------------------------------------------------------------------------------------------------------------
* Non-income producing security. (a) Scudder Cash Management QP Trust is managed by Deutsche Investment Management Americas Inc. The rate shown is the annualized seven-day yield at period end. ADR: American Depository Receipts. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Registrant: Scudder New Asia Fund By: /s/Julian Sluyters ---------------------------- Julian Sluyters Chief Executive Officer Date: November 19, 2004 Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated. Registrant: Scudder New Asia Fund By: /s/Julian Sluyters ---------------------------- Julian Sluyters Chief Executive Officer Date: November 19, 2004 By: /s/Paul Schubert ----------------------------- Paul Schubert Chief Financial Officer Date: November 19, 2004 EX-99.CERT 2 cert.txt CERTIFICATIONS CERTIFICATIONS I, Julian Sluyters, certify that: 1. I have reviewed this report on Form N-Q of Scudder New Asia Fund; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed; 4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have: (a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; (b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; (c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and (d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and 5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions): (a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and (b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting. Registrant: Scudder New Asia Fund By: /s/Julian Sluyters ---------------------------- Julian Sluyters Chief Executive Officer Date: November 19, 2004 CERTIFICATIONS I, Paul Schubert, certify that: 1. I have reviewed this report on Form N-Q of Scudder New Asia Fund; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed; 4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have: (a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; (b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; (c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and (d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and 5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions): (a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and (b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting. Registrant: Scudder New Asia Fund By: /s/Paul Schubert ---------------------------- Paul Schubert Chief Financial Officer Date: November 19, 2004 -----END PRIVACY-ENHANCED MESSAGE-----