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Aberdeen Global Income Fund, Inc. (NYSE MKT: FCO)
- (EDT)
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At close Jun 18, 2013
| NAV | $12.73 |
| Price | $11.89 |
| Premium/(Discount) | -6.60% |
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
April 2013
- Global fixed income markets posted modest gains in April. The yield on 10-year U.S. Treasuries fell to 1.67%, the lowest level this year, as lackluster data reinforced expectations that the U.S. Federal Reserve was unlikely to reduce asset purchases.
- Australian bond yields fell, led by three-year yields that closed 29 basis points (bps) lower at 2.53%. The central bank cut its benchmark cash rate to 2.75%, citing its concerns over the local currency’s strength. In New Zealand, longer-dated bonds led the broader market rally. Policymakers kept interest rates unchanged amid muted inflation.
- Bond yields in Canada were flat, as the economy appeared on track for its fastest quarterly growth since 2011.
- Emerging market debt performed strongly, with both hard and local currency debt posting solid gains. High-betaH credits, such as Pakistan and Argentina, performed well, whereas Zambia, Ukraine and Angola weakened. In local currency debt, Eastern Europe outperformed the overall market, led by Romania, Hungary and Poland, but Nigeria lagged.
- In currency markets, the Japanese yen fell by the most against the U.S. dollar after the Bank of Japan announced stimulus measures in an effort to revive the economy. In contrast, the euro, Danish krone, New Zealand dollar, British sterling and Swiss franc rose against the dollar.
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