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At close Apr 22, 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.
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
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- Stabilizing sentiment in the broader emerging world benefited Asian fixed income markets, which posted modest
gains in February. The economic outlook remained mixed, as manufacturing data in China and the U.S. disappointed
but Europe showed incremental improvement. Political tensions flared between Russia and the West over its
intervention in Ukraine. In the U.S., Janet Yellen’s first Congressional testimony as Federal Reserve chief indicated
her comfort with a steady pace of tapering of US$10 billion a month.
- In Asia, there were concerns over a tightening of bank loans to China’s property sector. Separately, central bank efforts
to weaken the yuan and stamp out speculation caused the currency to fall by more than 1% against the U.S. dollar.
- Indonesia’s local currency bonds and its currency, the rupiah, outperformed their regional peers owing to robust
domestic and foreign demand. The country posted positive trade data, while solid exports underpinned fourthquarter
gross domestic product growth. Thai bonds were bolstered by expectations of interest rate cuts. Meanwhile,
high-yield sovereigns led the gains in Asian credit markets. It was a quiet month for new issues, led by mainly
Chinese property developers and Korean quasi-sovereigns.
- Australian bond yields ended the month unchanged, as economic data remained mixed. Retail sales rose and
business confidence improved, whereas employment and investment deteriorated. The central bank left the cash
rate on hold and was generally perceived as no longer having a monetary policy easing bias. Australian government
bonds lagged all other market segments.
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