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# Aberdeen Global Income Fund, Inc. (NYSE MKT: FCO)
  (EDT)
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Daily Data

At close Sep 18, 2014

NAV$11.70
Market Price$10.99
Premium/(Discount)-6.07%

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 Global Income Fund, Inc. (NYSE MKT: 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.

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


 

Fund Managers’ Monthly Report

July 2014

  • Developed-market government bonds rallied on investors’ flight to safety, as geopolitical issues dominated news flow. Growing tensions between Russia and the West over Ukraine with the downing of a passenger plane, the threat of further Western sanctions, and Middle East conflicts were the primary flashpoints. German bunds and United Kingdom (UK) gilts outperformed U.S. Treasuries as Eurozone1 data were weak overall, and Russia readied retaliatory sanctions that would have a greater impact on Europe.
  • In Canada, disappointing employment data and dovish statements from the central bank led 10-year bonds to outperform comparable-duration U.S. Treasuries. Australian 10-year government bond yields ended slightly lower at 3.5% as unemployment ticked up. Elsewhere, New Zealand hiked its benchmark interest rate as expected, but the central bank will now pause and assess the economic impact before making any further increases.
  • Emerging market debt gains were tempered on global “risk-off”2 sentiment. The Argentine market was again the standout performer despite defaulting on its New York law bonds at the end of the month. Conversely, the Russian market saw the biggest declines, while the high-yield bonds of Mongolia and Venezuela also fell. Local currency debt underperformed its hard currency counterparts. The Indonesia rupiah was the strongest-performing currency as Joko Widodo won the presidential elections.
  • All G-103 currencies depreciated against the U.S. dollar, but the British pound and Australian dollar were most resilient, while the New Zealand dollar and Swedish krona saw the steepest declines.

1 The Eurozone includes the 18 European Union countries which have adopted the euro as their currency: Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, Spain and Latvia.

2 In a “risk-off” market environment, investors historically have gravitated toward lower-risk investments.

3 The G-10 nations include Belgium, Canada, France, Germany, Italy, Japan, Netherlands, Sweden, Switzerland, the UK and the U.S.

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