# Aberdeen Asia-Pacific Income Fund, Inc. (NYSE MKT: FAX)
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Daily Data

At close Jul 21, 2014

Market Price$6.20

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.


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

Investment Objective

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.

Investing in Asia Pacific

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.

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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.

Important Information


Fund Managers’ Monthly Report

May 2014

  • Asian fixed income markets rose in May, buoyed by a U.S. Treasury rally that saw 10-year yields fall sharply. Major central banks signaled that they would keep monetary policy accommodative in an effort to support growth. In Asia, first-quarter gross domestic product (GDP) moderated in some economies, while other leading indicators were mixed.
  • In Thailand, a military coup helped stabilize the political turmoil and raised expectations of an economic recovery, which may potentially increase capital imports and debt issuance. Consequently, both Thai bonds and the nation’s currency, the baht, were the worst regional performers.
  • Indonesia’s presidential race tightened, as front-runner Joko Widodo will now face a stronger rival after the Golkar party threw its weight behind his main rival, Prabowo Subianto. The government revised the fiscal deficit to 2.5% from 1.7% of GDP. The bond market closed flat but the rupiah fell against the U.S. dollar.
  • In India, Narendra Modi’s landslide election victory stoked optimism over reform prospects and a revival of investment. This lifted the bond market and the rupee, which outperformed other regional currencies.
  • Philippine bonds and the peso posted solid gains after Standard & Poor’s upgraded the country’s rating, highlighting the low inflation, robust external liquidity and effective monetary policy framework.
  • Australian government bonds rallied during the month, with 10-year yields falling more steeply than their threeyear counterparts. Economic data were mixed. The central bank left the cash rate unchanged and retained a more neutral stance, indicating a period of stability. Corporate credits delivered modest returns, led by non-financials.
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Full investment objective, investment policies and investment restrictions Section 16 Filings
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