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At close Dec 04, 2013
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.
Aberdeen Asia Pacific Income Fund Inc. (FAX) Webcast Update
Anthony Michael, Aberdeen’s Head of Asian Fixed Income, gives on update on the Aberdeen Asia Pacific Income Fund, Inc. Anthony speaks to:
- Recent Fund positioning and performance
- The recent volatility of Asian fixed income markets
- Macro commentary and economic outlook
Asia by the Numbers
When consumers and investors think of Asia, they think of populous economies that are both sophisticated and well-established. But what about the surrounding boom of lesser-known economies? Asia isn’t just China and India: the rest of the continent is coming up in the world too, seeking to overtake other economies in a matter of years.
Aberdeen Asia Pacific Income Fund, Inc. Fund Manager Interview
Adam McCabe, Aberdeen’s Deputy Head of Asian Fixed Income, speaks to the current global trends that are affecting Asian Bonds. Adam covers:
- Recent volatility of global financial markets
- Currency volatility and market performance
- The possibility of a China slowdown
- Why Aberdeen for Asian fixed income
Full investment objective, investment policies and investment restrictions
Section 16 Filings
Fund Managers’ Monthly Report
Download Monthly Factsheet
- Asian fixed income markets came under further pressure in August, as investors contemplated the possible
tapering of the U.S. Federal Reserve’s quantitative easing monetary policy and the susceptibility of emerging
markets to capital outflows. Certain Asian countries, such as India and Indonesia, were in focus because of their
persistent current account deficits.
- Local currency bonds in India and Indonesia were the worst performers in the region for the month, with bond
yields higher and the currencies weaker. The Indian rupee fell to a record low against the U.S. dollar at one point,
while the Indonesian rupiah faced further pressure. Confidence was eroded by anemic data and policy missteps.
Bank Indonesia raised its benchmark rate by 50 basis points to 7%, two weeks after leaving policy unchanged.
In India, Raghuram Rajan was appointed the next central bank governor. Conversely, the Korean market posted
gains, along with the won, owing to more robust fundamentals.
- Aside from the rupee and rupiah, the Malaysian ringgit underperformed because of a reduction in equity and
bond positioning, which was driven by weakening fundamentals and pressure on the sovereign rating. The
Chinese yuan and Taiwan dollar were stable.
- Australian bond yields rose in sympathy with developed markets, with 10-year yields rising to 3.9%. Credit
outperformed government bonds. The central bank cut its cash rate to 2.5% amid subdued inflation. Economic
data were mixed. Retail sales were lackluster despite improving consumer confidence, while business conditions
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