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Aberdeen Asia-Pacific Income Fund, Inc. (NYSE AMEX: FAX)
- (EST)
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Top-Rated Morningstar Fund
Read Morningstar's analysis of the Aberdeen Asia-Pacific Income Fund, Inc.
Download reportDaily Data
At close Feb 21, 2012
| NAV | $7.60 |
| Price | $7.52 |
| Premium/Discount | -1.05% |
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.
Asian Bonds: A misunderstood opportunity
Over the last several decades, much attention has been given to the Asian region as a growing and flourishing investment opportunity. Read this fund manager interview and learn more about why Anthony Michael, Aberdeen’s head of fixed income for the Asia-Pacific region, believes that economic developments in the West will lead investors to look to Asian bonds for solid fundamentals, desirable yields and sustainable growth.
Download the Fund Manager InterviewFund Managers’ Monthly Report
January 2012
- Asian local currency bond markets performed well in December on the back of concerns over a sharper slowdown in the region and warnings of further credit downgrades in the Eurozone.
- The shift towards monetary easing continued, with Thailand’s central bank cutting its benchmark repo (repossession) rate by 25 basis points (bps) to 3.25% as expected. India and Indonesia kept monetary policy unchanged. Regional economies decelerated and inflation eased.
- Indonesian bonds outperformed, with two- and 10-year yields falling by 30 bps and 70 bps, respectively, amid expectations of further interest rate cuts and Fitch Ratings’ upgrade to BBB-.
- Australian bonds rallied as the 10-year yield fell by 27 bps, but three-year yields stagnated. The yield curve flattening reflected market doubts about further monetary easing.
- The Asian credit market rebounded from November’s losses, led by the high-yield sector, as the JPMorgan Asia Credit Index rose by 0.89% for the month. Asian currency performance was mixed. Balance of payments pressure continued to weigh on the Indian rupee, while the Thai baht, Korean won and Philippine peso also sold off against the U.S. dollar. In contrast, the Chinese yuan was resilient.
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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.