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FAX - Aberdeen Asia-Pacific Income Fund: Upside On Improving Region Risk Sentiment
Aberdeen Asia-Pacific Income Fund Inc
The Aberdeen Asia-Pacific Income Fund (FAX) is a closed-end fund that invests in Asia Pacific debt securities with an added mandate of holding at least 20% of total assets in Australian. The fund with an inception date back in 1986 currently has $1.2 billion in total assets. The objective is to generate a high level of current income through a monthly distribution that currently yields 7.7% achieved through the use of leverage and also a regular return of capital component. We think the macro environment sets up a good buying opportunity as this asset class