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# Aberdeen Asia-Pacific Income Fund, Inc. (NYSE AMEX: FAX)
  (EDT)
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Morningstar

Top-Rated Morningstar Fund

Read Morningstar's analysis of the Aberdeen Asia-Pacific Income Fund, Inc.

 
 

Daily Data

At close May 17, 2012

NAV$7.35
Price$7.40
Premium/(Discount)0.68%

NAV and prices are provided by Morningstar. This information is unaudited and neither Aberdeen Asset Management PLC, its wholly owned subsidiaries, the Funds, nor any other person guarantees their accuracy.

 
 

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Aberdeen Asia-Pacific Income Fund, Inc. (NYSE AMEX: FAX)

Investment Objective

The fund's investment objective is to seek current income. The Fund may also achieve incidental capital appreciation.

 

Fund Manager Interview with Anthony Michael, Head of Fixed Income - Asia Pacific

Aberdeen believes that Asia offers global investors the advantages of solid fundamentals, desirable yield and sustainable growth, and should not be overlooked.

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Fund Managers’ Monthly Report

April 2012

  • Asian local currency bonds fell in March as investors remained skittish on a lack of clear market leads. Regional growth eased further, with conflicting manufacturing data signals for China’s economy in particular. But inflation expectations rose amid domestic bond supply pressures and political uncertainty.
  • U.S. growth data were more mixed, while rising borrowing costs in Spain fuelled contagion fears in the Eurozone. European finance ministers expanded its rescue fund to €700 billion (roughly US$920 billion) to provide a bigger buffer against peripheral instability.
  • Most Asian central banks held interest rates steady, whereas the Philippines lowered rates by 25 basis points. Indian policymakers cut lenders’ cash reserve ratio to ease a liquidity crunch.
  • Across most markets, the rise in long-term rates outpaced short-term rates. The key market laggards were Indonesia, the Philippines and Thailand, whereas China was resilient.
  • Australian bonds rose despite volatility driven by U.S. Treasury yield movements. Ten-year yields were flat, whereas three-year yields fell. Credit spreads tightened while the Australian dollar fell against the U.S. dollar.
  • The JP Morgan Asia Credit Index declined 0.13% as investment sovereigns and high-yield quasi-sovereigns underperformed. Regional currencies fell against the U.S. dollar, led by the Indian rupee, Malaysian ringgit and Indonesian rupiah.
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Full investment objective, investment policies and investment restrictions Section 16 Filings
 

The above videos are for informational purposes only. The views expressed in the videos should not be construed as advice on how to construct a portfolio.


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