At close Aug 19, 2014
The NAV information is provided by the Fund's accounting agent. The price is as reported by the exchange on which the Fund trades. This information is unaudited and neither Aberdeen Asset Management PLC, its wholly owned subsidiaries, the Funds, nor any other person guarantees their accuracy.
If you require further information on any of our Closed-End Funds:
Aberdeen Asia-Pacific Income Fund, Inc. (NYSE MKT: FAX)
The Fund’s investment objective is to seek current income. The Fund may also achieve incidental capital appreciation. The Fund will seek to achieve its investment objective through investment in Australian and Asian debt securities.
For more detailed information on the specific risks associated with this fund, please view the Important Risk Considerations tab.
Fund Manager Interview
Adam McCabe, Head of Asian Fixed Income, discusses why we believe Asia’s fundamentals remain robust, with rising incomes and an expanding middle class underpinning domestic demand.
Aberdeen Asia-Pacific Income Fund, Inc. Webcast Update
In this webcast update, Adam McCabe covers the Aberdeen Asia-Pacific Income Fund, Inc. and speaks to the structural factors that have impacted markets. Adam also speaks to recent fund performance, where he and the team are finding fixed income opportunities and provides an outlook on the region.
Full investment objective, investment policies and investment restrictions
Section 16 Filings
Fund Managers’ Monthly Report
Download Monthly Commentary
- Asian fixed income markets closed mixed in June, as risk appetite was underpinned by continued loose monetary
policy in the West. The European Central Bank cut its benchmark interest rate to below 0%. Conversely, turmoil
in Iraq triggered fears of disruptions to oil supply and volatility in the oil price.
- Korean bonds outperformed their regional peers for the month, while rising foreign direct investments bolstered
the won. Following a cabinet reshuffle, incoming finance minister Choi Kyung-hwan signaled his willingness to
bolster domestic demand. This could pressure the central bank into keeping borrowing costs low.
- China’s onshore market and the yuan performed well. Premier Li Keqiang announced that the government would
adopt selective easing by fine-tuning policies. The central bank implemented a 50-basis-point cut to the reserve
requirement ratio of banks that lend to agricultural-related enterprises and small and medium-sized enterprises (SMEs).
- The performance of Indian and Indonesian bonds was relatively weaker in June, while their respective currencies,
the rupee and rupiah, were the only regional currencies to fall against the U.S. dollar. In India, inflation concerns
deepened owing to higher food prices and a hike in railway tariffs. In Indonesia, uncertainty persisted ahead of
the July 9 presidential election, as front-runner Joko Widodo’s lead over Prabowo Subianto appeared to shrink.
- Australian bonds rallied after an initial sell-off, with three- and ten-year yields falling by 13 and 11 basis points,
respectively. The Australian dollar continued to rise at a modest pace against the U.S. dollar.. The central bank left
its cash rate unchanged and reaffirmed its neutral policy stance. Credit markets performed well, as fresh measures
by the European Central Bank are expected to crimp bond supply and increase demand for alternative assets.
Download Monthly Factsheet
To receive this, or any other monthly fund factsheet directly in your inbox, sign up for our email services.