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Aberdeen Global Income Fund, Inc. (NYSE AMEX: FCO)
- (EDT)
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Daily Data
At close Feb 02, 2012
| NAV | $13.74 |
| Price | $14.18 |
| Premium/Discount | 3.20% |
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 Global Income Fund, Inc. (NYSE AMEX: FCO)
Investment Objective
The Fund’s principal investment objective is to provide high current income by investing primarily in fixed income securities. As a secondary investment objective, the Fund seeks capital appreciation, but only when consistent with its principal investment objective.
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.
Read the Fund Manager InterviewFund Managers’ Monthly Report
December 2011
- Negative news flow through November was not in short supply and continued to center on the European sovereign debt crisis.
- German Chancellor Angela Merkel continued to pour cold water on expectations that the European Central Bank (ECB) will step in as the lender of last resort for troubled Eurozone members and dismissed the idea of Eurobonds.
- In the U.S., the bipartisan Congressional “supercommittee” failed to reach an agreement on reducing the U.S. budget deficit and national debt, meaning that $1.2 trillion of cuts will automatically be triggered for 2013.
- On the last day of the month, six major central banks lowered the interest rate on U.S. dollar liquidity by 50 basis points, while China also announced it would be reducing banks’ reserve requirement ratio by a similar amount.
- November proved to be yet another reminder of the massive uncertainty currently driving the markets. Europe has still not shown the capacity to draw a line under the current crisis. While the market lacks clarity on what such a framework would look like and how governments and banks will fund themselves in the interim, we believe that extreme levels of volatility will continue.
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