# Aberdeen Australia Equity Fund, Inc. (NYSE MKT: IAF)
» Closed-End Fund Center
Keep Updated

Daily Data

At close Aug 29, 2014

Market Price$8.99
Unadjusted NAV**$9.09

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.


Request Information

If you require further information on any of our Closed-End Funds:


Email Us





Aberdeen Australia Equity Fund, Inc. (NYSE MKT: IAF)*

Investment Objective

The Fund’s principal investment objective is long-term capital appreciation through investment primarily in equity securities of Australian companies listed on the Australian Stock Exchange Limited (“ASX”). The Fund’s secondary investment objective is current income.

For more detailed information on the specific risks associated with this fund, please view the Important Risk Considerations tab. 

Investing in Asia Pacific

Aberdeen Australia Equity Fund, Inc. Webcast Replay

In this webcast, Aberdeen's Mark Daniels gives an update on the Aberdeen Australia Equity Fund, Inc. Mark covers fund performance, recent portfolio positioning and provides some macro commentary and outlook for Australian equities.

Watch now


Investing in the Asia-Pacific Region

As the West grapples with its debt issues, we believe that the structural soundness of the Asia-Pacific region will help deliver long-term opportunities for investors.

Download brochure

Fund Managers’ Monthly Report

June 2014

  • Australian equities, as measured by the MSCI Australia Index,1 dipped in June amid range-bound trading, lagging the broader Asian region. Investors were worried over the Iraq insurgency that had sent crude oil prices higher, and mining sector stocks continued to face pressure despite stabilization in iron ore prices.
  • On the economic front, first-quarter gross domestic product (GDP) grew by a better-than-expected 1.1% quarter-on-quarter, underpinned by exports, whereas household spending was sluggish. Business confidence edged higher but consumer sentiment was muted. The unemployment rate was unchanged at 5.8%, as jobs lost were counterbalanced by another decline in the labor force participation rate. The central bank held interest rates steady, with inflation under control.
  • In Fund-related corporate news, QBE Insurance merged its Asia Pacific and Latin American units into a new emerging markets division in a bid to capture growth opportunities in these regions. The company’s Asia Pacific chief executive, David Fried, will head the unit.
  • In June, we pared the Fund’s exposure to energy sector services provider Worley Parsons and reallocated the proceeds to a slight increase in ear implant maker Cochlear.

1 The MSCI Australia Index measures the performance of the large- and mid-cap segments of the Australia market. The index covers approximately 85% of the free-float-adjusted market capitalization in Australia.

Download Monthly Commentary
Download Monthly Factsheet
Sign Up

To receive this, or any other monthly fund factsheet directly in your inbox, sign up for our email services.

Full investment objective, investment policies and investment restrictions Section 16 Filings


Pursuant to valuation policies adopted by the Board of Directors of the Fund, the Fund values foreign equity securities that primarily trade in certain markets that close ahead of the Fund’s daily 4:00 pm Eastern net asset value (“NAV”) calculation time at their fair values using prices provided by third-party independent pricing services. The fair value of each such security generally is calculated by applying a valuation factor provided by the independent pricing service to the last sales price for that security, or, if, the pricing service is unable to provide a fair value for a security, at the price at the close of the exchange on which it is principally traded, subject to adjustment by the Fund’s Pricing Committee. These daily fair valuations seek to reflect information available after the local market close that may affect the value of the foreign equity securities held by the Fund. As a result, this official NAV calculation reflects adjustments that may cause it to vary from a calculation based solely on closing prices. In contrast, the “Unadjusted NAV” of the Fund (shown above) is for informational purposes only and is computed using the closing prices on the relevant exchange. It does not reflect any daily fair valuation adjustments of the Fund’s foreign securities. The Unadjusted NAV does not represent the official NAV of the Fund, nor is the Unadjusted NAV used for Fund accounting or performance purposes. Investors should not rely upon the Unadjusted NAV when making their investment decisions.

Useful Links