Aberdeen Asian Income Fund Limited

To provide investors with a total return primarily through investing in Asian Pacific securities, including those with an above average yield. Within its overall investment objective, the Company aims to grow its dividends over time.

Morningstar rating:

A total return closed-end fund offering quarterly income from a concentrated portfolio of Asian equities and bonds.

Daily prices as of {{asOfDate}}

Key literature

Morningstar Daily Factsheet

Monthly factsheet

Annual Report

Interactive Annual Report Interim Report

Savings Plan/ISA Brochure

Latest Notice of AGM

Edison Research note - Dec 18

Pre-investment Disclosure Document (PIDD)

Alternative Investment Fund Managers Directive (AIFMD) Remuneration Disclosure to 31 December

Articles of Association adopted 7 May 2015

Key Information Document

Portfolio Holding Summary Read all literature

Key people

Charles Clarke

Chairman

Charles was appointed to the Board on 29 March 2012 and is a Jersey residentially-qualified graduate chartered accountant and former senior partner of KPMG in the Channel Islands who had 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

Appointed to the Board on 11 May 2016, Ian is a board executive and investment manager with over 33 years' experience within the asset management and wealth management industry spanning a number of jurisdictions including spending seven years in Asia as an investment manager. Ian is the former Group CEO of Ermitage Ltd, a hedge fund and hedge fund of fund business and as such has extensive experience in derivatives trading as well as board strategy, corporate governance and risk management. He is a Chartered Fellow of the Chartered Institute of Securities & Investments.

Mark Florance

Audit Committee Chairman

Appointed to the Board on 10 May 2017, Mark 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 across most industry sectors, particularly energy, telecoms, resources, consumer, banking, media, property and transport. Mark started his career at Arthur Andersen before moving to NM Rothschild & Sons Limited, Australia in 1988. Mark left Rothschilds Singapore in 2012 as executive vice chairman to become founder and managing director of S.E.A. Strategic Pte Limited, a company involved in strategic consulting in private equity. 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.

Nicky McCabe

Non-Executive Director

Appointed to the Board on 16 May 2018, Nicky 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

Appointed to the Board on 7 May 2015, Krystyna 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 the Far East in Hong Kong and Singapore.

Hugh Young

Managing Director, Asia Pacific Region

BA in Politics from Exeter University. Started investment career in 1980. In charge of ASI’s Far East funds since 1985. He is managing director of Aberdeen Standard Investments (Asia) Limited, responsible for all the Standard Life Aberdeen Group's investments in Asia.

He is also a director of Aberdeen Australia Equity Fund Inc., Aberdeen Asia-Pacific Income Investment Company Limited, Aberdeen Asian Income Fund Limited, Aberdeen Asian Smaller Companies Investment Trust PLC (alternate) and The India Fund Inc.

Charles Clarke

Chairman
Charles was appointed to the Board on 29 March 2012 and is a Jersey residentially-qualified graduate chartered accountant and former senior partner of KPMG in the Channel Islands who had 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
Appointed to the Board on 11 May 2016, Ian is a board executive and investment manager with over 33 years' experience within the asset management and wealth management industry spanning a number of jurisdictions including spending seven years in Asia as an investment manager. Ian is the former Group CEO of Ermitage Ltd, a hedge fund and hedge fund of fund business and as such has extensive experience in derivatives trading as well as board strategy, corporate governance and risk management. He is a Chartered Fellow of the Chartered Institute of Securities & Investments.
Mark Florance

Audit Committee Chairman
Appointed to the Board on 10 May 2017, Mark 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 across most industry sectors, particularly energy, telecoms, resources, consumer, banking, media, property and transport. Mark started his career at Arthur Andersen before moving to NM Rothschild & Sons Limited, Australia in 1988. Mark left Rothschilds Singapore in 2012 as executive vice chairman to become founder and managing director of S.E.A. Strategic Pte Limited, a company involved in strategic consulting in private equity. 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.
Nicky McCabe

Non-Executive Director
Appointed to the Board on 16 May 2018, Nicky 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
Appointed to the Board on 7 May 2015, Krystyna 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 the Far East in Hong Kong and Singapore.
Hugh Young

Managing Director, Asia Pacific Region
BA in Politics from Exeter University. Started investment career in 1980. In charge of ASI’s Far East funds since 1985. He is managing director of Aberdeen Standard Investments (Asia) Limited, responsible for all the Standard Life Aberdeen Group's investments in Asia.

He is also a director of Aberdeen Australia Equity Fund Inc., Aberdeen Asia-Pacific Income Investment Company Limited, Aberdeen Asian Income Fund Limited, Aberdeen Asian Smaller Companies Investment Trust PLC (alternate) and The India Fund Inc.

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.

Flavia Cheong

Head of Equities - Asia Pacific ex Japan

Flavia Cheong is Head of Asia Pacific ex Japan Equity on the Asian Equities team, where, as well as sharing responsibility for company research, she oversees regional portfolio construction. Before joining Aberdeen 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 trademarks owned by CFA Institute

Pruksa Iamthongthong

Investment Director

Pruksa Iamthongthong is an Investment Director on the Asian Equities team

Pruksa graduated with a BA in Business Administration from Chulalongkorn University, Thailand and is a CFA Charterholder.

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

Hugh Young

Managing Director - Asia

Hugh Young is the Managing Director - Asia of Aberdeen Standard Investments. He was formerly a main board director and Head of Investments for Aberdeen Asset Management (before its merger with Standard Life plc). Hugh joined Aberdeen in 1985 to manage Asian equities from London, having started his investment career in 1980. He founded Singapore-based Aberdeen Asia in 1992 and since then he has built the company into one of the largest and most well-respected managers of such assets globally. 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.
Flavia Cheong

Head of Equities - Asia Pacific ex Japan
Flavia Cheong is Head of Asia Pacific ex Japan Equity on the Asian Equities team, where, as well as sharing responsibility for company research, she oversees regional portfolio construction. Before joining Aberdeen 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 trademarks owned by CFA Institute
Pruksa Iamthongthong

Investment Director
Pruksa Iamthongthong is an Investment Director on the Asian Equities team

Pruksa graduated with a BA in Business Administration from Chulalongkorn University, Thailand and is a CFA Charterholder.

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

Managing Director - Asia
Hugh Young is the Managing Director - Asia of Aberdeen Standard Investments. He was formerly a main board director and Head of Investments for Aberdeen Asset Management (before its merger with Standard Life plc). Hugh joined Aberdeen in 1985 to manage Asian equities from London, having started his investment career in 1980. He founded Singapore-based Aberdeen Asia in 1992 and since then he has built the company into one of the largest and most well-respected managers of such assets globally. 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.

Financial calendar

Event	Date
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. The tax benefits relating to ISA investments may not be maintained. Investors should review the relevant Key Information Document (KID) brochure prior to making an investment decision.
Read the detailed risk warning
Investor warning: Please be aware of scams that can affect investors. Read the full investor risk warning