Aberdeen Asian Income Fund Limited
  (BST)
» Investment Trust Centre
» UK Home

Investor Warning

Please be aware of scams that can affect investors.

Read our investor warning

 

NMPI Status

The company currently conducts its affairs so that securities issued by Aberdeen Asian Income Fund Limited can be recommended by IFAs to ordinary retail investors in accordance with the FCA’s rules in relation to non-mainstream pooled investment products (NMPIs) and intends to continue to do so for the foreseeable future.

The Company’s securities are excluded from the FCA’s restrictions which apply to non-mainstream investment products because the company would qualify as an investment trust if the company were based in the UK.

 

Pre-investment Disclosure Document (PIDD)

The Alternative Investment Fund Manager Directive (“AIFMD”) requires Aberdeen Private Wealth Management Limited, as a non-European Union manager of Aberdeen Asian Income Fund Limited, a Jersey-based fund, to make available to investors certain information prior to such investors’ investment in the Company.

The AIFMD is intended to offer increased protection to investors in investments products that do not fall under the existing European Union regime for regulation of certain investment products known as “UCITS”.

Read the PIDD for Aberdeen Asian Income Fund Limited

 
 

Morningstar Ratings

Analyst Rating

Silver Rating No logo

Fund Rating

5 Star Rating
 
 

Risk Warning

The value of investments and the income from them may go down as well as up and investors may get back less than the amount invested. The tax benefits relating to ISA investments may not be maintained. Please refer to the Key Facts documents contained in the ISA/Share Plan Brochure & Application form for general and specific investment risks attaching to the individual trusts.

Read the detailed Risk Warning
 

Past Performance

Past performance is not a guide to future results.
See latest monthly factsheet below for performance history.

 
 

Daily Data

At close 21-Jul-2014

Ord
Price201.25p
NAV198.47p
Prem/-Disc1.40%

Warrants
Price118.75p


Source: Morningstar, NAV = Net Asset Value, excluding income.

 
 
 
 
 

Trust Details

Aberdeen Asian Income Fund Limited

Registered Office:
1st Floor,
Sir Walter Raleigh House
48 – 50 Esplanade
St Helier,
Jersey
JE2 3QB

Incorporated in Jersey with registered number 91671

 

Aberdeen Asian Income Fund Limited

Objective

The objective of Aberdeen Asian Income Fund Limited is to provide investors with a total return primarily through investing in Asian Pacific securities, including those with an above-average yield. The Company does not expect, at least initially, to have any significant Japanese exposure.

 
 

Aberdeen Asian Income Fund Limited Annual Report for the year ended 31 Dec 13
Flavia Cheong, Investment Director

In this webcast Flavia Cheong gives an update on a wide range of subjects including performance, a sector breakdown, the twenty largest investments and an outlook for the Trust.

Click here to listen to the presentation.

 

 

Manager's Monthly Report

June 2014

Market Review

Asian equities continued to benefit from the assurance of loose monetary policy in June, but gains were pared by still patchy economic data and escalating violence in Iraq. The Thai market did well as the nationwide curfew was lifted, while the military rulers began approving stalled investment and infrastructure projects. Indonesia lagged as polls showed market-friendly presidential nominee Jokowi losing ground to his rival Prabowo ahead of the election.

Portfolio Review

In June, we added to Far East Hospitality Trust. The hospitality REIT is trading below its book value at about 0.9 times and offers an attractive dividend yield of about 6.4%.

In portfolio-related news, Australia’s QBE Insurance merged its Asia Pacific and Latin American units into a new emerging markets division to capture growth opportunities in these regions. In Singapore, Keppel Corp’s order book continued to grow as it signed a US$735 million deal to perform the world’s first conversion of a liquefied natural gas carrier into a floating liquefaction vessel. Meanwhile, SingTel is beefing up its capabilities in digital advertising through the purchase of US-based companies Adconion and Kontera. This is in line with its strategic shift into the digital life segment.

Outlook

Global growth prospects and central bank policy will remain key themes for quite some time. In the West and Japan, deflationary trends linger, with authorities likely to keep policy loose. In China, risks in the property sector persist, while further bond and wealth management product defaults cannot be ruled out as the government reins in shadow banking in pursuit of better-quality growth. Territorial disputes between China and its neighbours could also cloud the region’s outlook. Against this backdrop, a premature tightening of policy, particularly by the Fed, would unsettle markets, as will a bigger-than-expected slowdown in Chinese growth. We believe though that Beijing has deep enough pockets to prevent sectoral problems from infecting the wider economy. Despite the uncertainty, we remain upbeat about Asia’s prospects and believe good value can still be found on a long-term basis. Our strategy is unchanged, with a focus on fundamentally sound companies that have the ability to emerge stronger from the current cyclical slowdown.


Source: Monthly Factsheet Aberdeen Asset Managers Limited