Aberdeen Asian Income Fund Limited

Targeting rising income and growth from high-quality Asian companies, selected first-hand by our local teams

Morningstar sustainability rating:

Daily prices as of {{asOfDate}}

Latest news

An update from our investment manager, Yoojeong Oh - 23 February 2021

Investors are starting to recalibrate their expectations of a global economic recovery as vaccine rollouts face delays and other challenges in several countries. Mass vaccination of the entire global population may require sustained effort over many years, especially in emerging markets. As a result, we might see double-dip recessions in various parts of the world in the near term. Nevertheless, these are partially buffered by the continued accommodative stance of governments and central banks.

Compared to other regions, Asian stock valuations remain reasonable, especially in view of expectations for a rebound in corporate earnings this year. In the longer term, many of the changes sparked by the pandemic could prove enduring and reinforce existing trends, including the increased adoption of cloud computing, electric vehicles and 5G networks. In addition, Asia’s burgeoning middle class will fuel rising demand for healthcare services and wealth management, while the region’s urbanisation and infrastructure needs remain vast. It is home to an abundance of good quality companies, with clear earnings drivers, robust balance sheets, and healthy cash levels, which underpin their ability to pay dividends to shareholders. Hence, we will stay disciplined in putting capital to work on our best ideas that will generate sustainable returns and income over the long run.

Read our latest article: Income investors need to broaden their horizons

The year ahead for Asia

Read the Company's latest Regulatory News Service (RNS) announcements

About us

Targeting rising income from high-quality Asian companies, selected first-hand by our local teams

Aberdeen Asian Income Fund aims to allow long term investors to benefit from the growth prospects of Asian companies, including those with above average dividend yields.

Our high conviction portfolio is hand-picked by our team based on-the-ground in the region. We focus on high-quality companies with solid balance sheets and proven track records in their ability to pay dividends over the long term.

Learn more about the portfolio

Hear more from our investment manager Yoojeong Oh:

Key literature

Latest Factsheet

Annual Report

Interim Report

Savings Plan/ISA Brochure

Latest Edison Research Note

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Key people

Yoojeong Oh

Investment Director

Yoojeong Oh is an Investment Director on the Asian Equities Team at Aberdeen Standard Investments. Yoojeong joined Aberdeen in 2005 and was initially a member of the UK and European Equities Team in London before moving to Singapore.

Yoojeong graduated with an MEng in Engineering, Economics and Management from the University of Oxford and is a CFA® charterholder.

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

Christina Woon

Investment Manager

Christina Woon is an Investment Manager on the Asian Equities Team at Aberdeen Standard Investments. Christina joined Aberdeen Asset Management in January 2013 as a graduate. Christina holds a Bachelor of Accountancy from Singapore Management University. She is a CFA charterholder.

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

Flavia Cheong

Head of Equities - Asia Pacific

Flavia Cheong is the Head of Asia Pacific Equities on the Asian Equities team at Aberdeen Standard Investments, where, as well as sharing responsibility for company research, she oversees regional portfolio construction. Before joining Aberdeen Asset Management in 1996, she was an economist with the Investment Company of the People’s Republic of China, and earlier with the Development Bank of Singapore. Flavia graduated with a BA in Economics and an MA (Hons) in Economics from the University of Auckland. She is a CFA charterholder.

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

Hugh Young

Chairman of Asia Pacific

Hugh Young is the Chairman for Aberdeen Standard Investments business in Asia. He was previously the Head of Asia Pacific for Aberdeen Standard Investments, a main board director and Head of Investments for Aberdeen Asset Management (before its merger with Standard Life plc). Hugh joined the company in 1985 to manage Asian equities from London, having started his investment career in 1980. He founded Singapore-based ASI Asia in 1992 as the regional headquarters. Hugh is a director of a number of group subsidiary companies and group-managed investment trusts and funds. Hugh graduated with a BA (Hons) in Politics from Exeter University.

Yoojeong Oh

Investment Director
Yoojeong Oh is an Investment Director on the Asian Equities Team at Aberdeen Standard Investments. Yoojeong joined Aberdeen in 2005 and was initially a member of the UK and European Equities Team in London before moving to Singapore.

Yoojeong graduated with an MEng in Engineering, Economics and Management from the University of Oxford and is a CFA® charterholder.

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
Christina Woon

Investment Manager
Christina Woon is an Investment Manager on the Asian Equities Team at Aberdeen Standard Investments. Christina joined Aberdeen Asset Management in January 2013 as a graduate. Christina holds a Bachelor of Accountancy from Singapore Management University. She is a CFA charterholder.

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
Flavia Cheong

Head of Equities - Asia Pacific
Flavia Cheong is the Head of Asia Pacific Equities on the Asian Equities team at Aberdeen Standard Investments, where, as well as sharing responsibility for company research, she oversees regional portfolio construction. Before joining Aberdeen Asset Management in 1996, she was an economist with the Investment Company of the People’s Republic of China, and earlier with the Development Bank of Singapore. Flavia graduated with a BA in Economics and an MA (Hons) in Economics from the University of Auckland. She is a CFA charterholder.

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
Hugh Young

Chairman of Asia Pacific
Hugh Young is the Chairman for Aberdeen Standard Investments business in Asia. He was previously the Head of Asia Pacific for Aberdeen Standard Investments, a main board director and Head of Investments for Aberdeen Asset Management (before its merger with Standard Life plc). Hugh joined the company in 1985 to manage Asian equities from London, having started his investment career in 1980. He founded Singapore-based ASI Asia in 1992 as the regional headquarters. Hugh is a director of a number of group subsidiary companies and group-managed investment trusts and funds. Hugh graduated with a BA (Hons) in Politics from Exeter University.

Charles Clarke

Chairman

Charles was appointed to the Board on 29 March 2012. He is a Jersey residentially-qualified graduate chartered accountant and former senior partner of KPMG in the Channel Islands who has previously worked for KPMG in Kuala Lumpur. Charles has a portfolio of independent NED appointments and runs an offshore corporate governance consultancy.

Ian Cadby

Non-Executive Director

Ian was appointed to the Board on 11 May 2016. He is a Jersey residentially-qualified board executive and investment manager with over 33 years' experience within the asset management and wealth management industry spanning a number of jurisdictions including Asia. Ian is the former Group CEO of Ermitage Ltd with extensive experience in derivatives trading, board strategy, corporate governance and risk management. Ian is also a director of CQS New City High Yield Fund Limited.

Mark Florance

Audit Committee Chairman

Mark was appointed to the Board on 10 May 2017. He is a Singapore Permanent Resident with over 25 years' experience in corporate finance advisory, mergers and acquisitions, equity capital markets, debt capital markets and debt restructuring in Asia at Arthur Andersen and NM Rothschild & Sons Limited. He is on the board of Butterfield (Singapore) Pte Limited and is an independent member of the investment committee of renewable energy fund, Climate Investor One and water fund, Climate Investor Two.

Nicky McCabe

Non-Executive Director

Nicky was appointed to the Board on 16 May 2018. She was formerly head of product and investment trusts at Fidelity International with experience across the full spectrum of asset management in back office operations, the investment team, proprietary investment, distribution and product management. Nicky is currently a non-executive director of Fidelity Special Values Investment Trust PLC, Bristol University, Artemis Investment Management Limited, Vitality Life Insurance and the charity Tomorrow's People.

Krystyna Nowak

Senior Independent Director

Krystyna was appointed to the Board on 7 May 2015. She is a partner at Ridgeway Partners and former Managing Director of the Board Practice at Norman Broadbent. She studied at Oxford University, before joining Citibank, originally in London followed by nine years in Hong Kong and Singapore.

Hugh Young

Non-Executive Director

Hugh was appointed to the Board on 11 November 2005. He is a resident of Singapore and is ASI's managing director of the Asia Pacific Region and responsible for all the Standard Life Aberdeen Group's operations in Asia. He is also a director of Aberdeen New Dawn Investment Trust PLC, Aberdeen Australia Equity Fund Inc., Aberdeen Asia-Pacific Income Investment Company Limited, Aberdeen Standard Asia Focus PLC (Alternate) and The India Fund Inc.

Charles Clarke

Chairman
Charles was appointed to the Board on 29 March 2012. He is a Jersey residentially-qualified graduate chartered accountant and former senior partner of KPMG in the Channel Islands who has previously worked for KPMG in Kuala Lumpur. Charles has a portfolio of independent NED appointments and runs an offshore corporate governance consultancy.
Ian Cadby

Non-Executive Director
Ian was appointed to the Board on 11 May 2016. He is a Jersey residentially-qualified board executive and investment manager with over 33 years' experience within the asset management and wealth management industry spanning a number of jurisdictions including Asia. Ian is the former Group CEO of Ermitage Ltd with extensive experience in derivatives trading, board strategy, corporate governance and risk management. Ian is also a director of CQS New City High Yield Fund Limited.
Mark Florance

Audit Committee Chairman
Mark was appointed to the Board on 10 May 2017. He is a Singapore Permanent Resident with over 25 years' experience in corporate finance advisory, mergers and acquisitions, equity capital markets, debt capital markets and debt restructuring in Asia at Arthur Andersen and NM Rothschild & Sons Limited. He is on the board of Butterfield (Singapore) Pte Limited and is an independent member of the investment committee of renewable energy fund, Climate Investor One and water fund, Climate Investor Two.
Nicky McCabe

Non-Executive Director
Nicky was appointed to the Board on 16 May 2018. She was formerly head of product and investment trusts at Fidelity International with experience across the full spectrum of asset management in back office operations, the investment team, proprietary investment, distribution and product management. Nicky is currently a non-executive director of Fidelity Special Values Investment Trust PLC, Bristol University, Artemis Investment Management Limited, Vitality Life Insurance and the charity Tomorrow's People.
Krystyna Nowak

Senior Independent Director
Krystyna was appointed to the Board on 7 May 2015. She is a partner at Ridgeway Partners and former Managing Director of the Board Practice at Norman Broadbent. She studied at Oxford University, before joining Citibank, originally in London followed by nine years in Hong Kong and Singapore.
Hugh Young

Non-Executive Director
Hugh was appointed to the Board on 11 November 2005. He is a resident of Singapore and is ASI's managing director of the Asia Pacific Region and responsible for all the Standard Life Aberdeen Group's operations in Asia. He is also a director of Aberdeen New Dawn Investment Trust PLC, Aberdeen Australia Equity Fund Inc., Aberdeen Asia-Pacific Income Investment Company Limited, Aberdeen Standard Asia Focus PLC (Alternate) and The India Fund Inc.

Financial calendar

Year End	31 December
Accounts Published	April
Annual General Meeting	May
Dividend Paid	February, May, August, November

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

Launch Date: December 2005

Risk Warning

Risk warning
The value of investments and the income from them can go down as well as up and you may get back less than the amount invested. Please refer to the relevant Key Information Document (KID) prior to making an investment decision. Please be aware of scams that can affect investors.