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

At close Aug 28, 2014

NAV$6.86
Market Price$6.13
Premium/(Discount)-10.64%

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

June 2014

  • Asian fixed income markets closed mixed in June, as risk appetite was underpinned by continued loose monetary policy in the West. The European Central Bank cut its benchmark interest rate to below 0%. Conversely, turmoil in Iraq triggered fears of disruptions to oil supply and volatility in the oil price.
  • Korean bonds outperformed their regional peers for the month, while rising foreign direct investments bolstered the won. Following a cabinet reshuffle, incoming finance minister Choi Kyung-hwan signaled his willingness to bolster domestic demand. This could pressure the central bank into keeping borrowing costs low.
  • China’s onshore market and the yuan performed well. Premier Li Keqiang announced that the government would adopt selective easing by fine-tuning policies. The central bank implemented a 50-basis-point cut to the reserve requirement ratio of banks that lend to agricultural-related enterprises and small and medium-sized enterprises (SMEs).
  • The performance of Indian and Indonesian bonds was relatively weaker in June, while their respective currencies, the rupee and rupiah, were the only regional currencies to fall against the U.S. dollar. In India, inflation concerns deepened owing to higher food prices and a hike in railway tariffs. In Indonesia, uncertainty persisted ahead of the July 9 presidential election, as front-runner Joko Widodo’s lead over Prabowo Subianto appeared to shrink.
  • Australian bonds rallied after an initial sell-off, with three- and ten-year yields falling by 13 and 11 basis points, respectively. The Australian dollar continued to rise at a modest pace against the U.S. dollar.. The central bank left its cash rate unchanged and reaffirmed its neutral policy stance. Credit markets performed well, as fresh measures by the European Central Bank are expected to crimp bond supply and increase demand for alternative assets.
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Full investment objective, investment policies and investment restrictions Section 16 Filings
 
 
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