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 WarningPast Performance
Past performance is no guide to future performance.
See latest monthly factsheet below for performance history.
Daily Data
At close 17-May-2012
Ord| Price | 181.75p |
| NAV | 175.32p |
| Prem/-Disc | 3.67% |
Warrants
| Price | 52.00p |
Source: Morningstar
NAV = Net Asset Value
Literature
Trust Details
Aberdeen Asian Income Fund Limited
Registered Office:
No.1 Seaton Place,
St Helier,
Jersey
JE4 8YJ
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's investment approach: An eye for potential, an ear to the ground
December 2011
Manager's Monthly Report
April 2012
Market Review
Asian stock markets generally fell in March as China’s economic momentum decelerated further and triggered worries over the health of the global economy. However, the losses were capped by hopes that the Federal Reserve would maintain loose monetary policy, and as the US economy improved.
Economic data were mixed. Anaemic European demand hurt exports from China, Malaysia and Thailand, whereas Korea, Singapore and Taiwan saw electronics shipments improve. Fourth-quarter GDP growth moderated in Australia and Korea.
Inflation eased further but persistently high oil prices threatened to reverse the trend. Most central banks held interest rates unchanged, although India lowered lenders’ cash reserve ratio to improve liquidity.
Portfolio Review
In March, we introduced Tesco Lotus Retail Property Fund, the largest Thai property fund to-date sponsored by Tesco Lotus, the leading hypermarket operator in Thailand. The stock is expected to yield attractive dividends from rentals.
In portfolio-related news, miners from BHP Billiton’s Queensland coalmines resumed their strike after negotiations broke down between management and labour unions. Woolworths posted decent first-half result arising from sales and margin improvements. Conglomerate Swire Pacific’s result was affected by Cathay Pacific but its property division Swire Properties continued to perform well on the back of positive rental reversion and high occupancy. SingTel will restructure into three divisions, comprising consumer, digital life, as well as information and communications technology; it will also buy US mobile marketing company Amobee to drive new growth platforms.
Outlook
Looking ahead, sentiment in Asian stock markets is likely to be swayed by the uncertain economic backdrop, particularly in the context of a slowdown in China, Europe’s recurring debt problems and lingering doubts over the sustainability of the US recovery. Over the longer term, however, we remain optimistic about Asia’s prospects, which are undiminished despite these concerns.
Source: Monthly Factsheet Aberdeen Asset Managers Limited