Top Rated Aberdeen Asia-Pacific Income Fund, Inc. Featured in Morningstar Report
PHILADELPHIA, Aug. 23, 2012 /PRNewswire/ -- Aberdeen Asia-Pacific Income Fund, Inc. (NYSE MKT: FAX) was featured in Morningstar's most recent closed-end fund weekly newsletter, which noted that it is one of only five closed-end funds with a Gold rating*, out of a universe of 106 rated U.S. closed-end funds.
In bestowing the Gold rating on FAX, Morningstar research analyst, Steven Pikelny, writes, "FAX is the only closed-end fund that provides investors with an avenue to the difficult-to-reach debt markets of developing Asian nations as well as Australia."
Morningstar notes, "Aberdeen portfolio managers don't just conduct regional and sector research by sitting at a computer...managers visit target countries to meet with central bankers, finance minister, and corporate managers."
The full Morningstar weekly article and Aberdeen Asia-Pacific Income Fund's Morningstar Research Report are available using these links:
Read Morningstar Weekly Article at Morningstar.com
Read Morningstar's Research Report with Gold Rating for Aberdeen Asia-Pacific Income Fund
More than two decades of experience in Asia
"Aberdeen now has over two decades of on-the-ground experience in Asia," says Anthony Michael, head of Asia-Pacific fixed income desk for Aberdeen. "As investors around the world look to the growth potential and attractive yields of the Asian sovereign bond markets, a first-hand perspective and local research is particularly important to keeping close tabs on the region's fast-growing economies, and their social and political developments."
*The Analyst Rating is based on the fund analyst's conviction in the fund's ability to outperform its peer group and / or relevant benchmark on a risk-adjusted basis over the long-term. If a fund receives a positive rating of Gold, Silver, or Bronze, it means Morningstar analysts think highly of the fund and expect it to outperform over a full market cycle of at least five years. The Analyst Rating is not a market call, and it is not meant to replace investors' due diligence process. It cannot assess whether a fund is the right fit for a particular portfolio and risk tolerance. It is intended to supplement investors' and advisors' own work on funds and, along with written analysis, provide forward-looking perspective into a fund's abilities.
The Leader in Emerging Market Closed-End Funds
Aberdeen directly manages 11 U.S. exchange-listed closed-end funds and one Canadian investment company:
- Aberdeen Asia-Pacific Income Fund, Inc. (NYSE MKT: FAX)**
- Aberdeen Asia-Pacific Income Investment Company Limited (TSX: FAP)
- Aberdeen Australia Equity Fund, Inc. (NYSE MKT: IAF)
- Aberdeen Chile Fund, Inc. (NYSE MKT: CH )**
- Aberdeen Emerging Markets Telecommunications and Infrastructure Fund, Inc. (NYSE MKT: ETF )
- Aberdeen Global Income Fund, Inc. (NYSE MKT: FCO)**
- Aberdeen Indonesia Fund, Inc. (NYSE MKT: IF )
- Aberdeen Israel Fund, Inc. (NYSE MKT: ISL )
- Aberdeen Latin America Equity Fund, Inc. (NYSE MKT: LAQ)
- The Asia Tigers Fund, Inc. (NYSE: GRR)
- The India Fund, Inc. (NYSE: IFN)
- The Singapore Fund, Inc. (NYSE: SGF)
In addition, Aberdeen serves as investment sub-advisor to two other U.S. exchange-listed closed-end funds managed by First Trust:
- First Trust /Aberdeen Global Opportunity Income Fund, Inc. (NYSE MKT: FAM)
- First Trust /Aberdeen Emerging Opportunity Fund, Inc. (NYSE MKT: FEO)
Additional information about the Funds is available by contacting the Funds at 800.522.5465 or by visiting the Funds' web site at www.aberdeen-asset.us/cef
About Aberdeen Asset Management
Aberdeen Asset Management PLC, the parent company of Aberdeen Asset Management Inc., is an independently-run asset manager listed on the London Stock Exchange since 1991, and operating from 32 offices in 23 countries (the "Aberdeen Group"). The Aberdeen Group invests on behalf of institutional and private clients, primarily in equities, fixed income, alternative investment strategies and property. The Aberdeen Group manages nearly US$290 billion of assets for both institutions and private individuals as of June 30, 2012.
In the United States, Aberdeen Asset Management (AAM) is the marketing name for the following affiliated, registered investment advisers: Aberdeen Asset Management Inc., Aberdeen Asset Managers Ltd, Aberdeen Asset Management Ltd and Aberdeen Asset Management Asia Ltd, each of which is wholly owned by Aberdeen Asset Management PLC. "Aberdeen" is a U.S. registered service mark of Aberdeen Asset Management PLC.
**Investors should consider a fund's investment objectives, risks, charges and expenses carefully before investing. A copy of the prospectus for Aberdeen Asia-Pacific Income Fund, Inc., Aberdeen Chile Fund, Inc. and Aberdeen Global Income Fund, Inc. that contains this and other information about the funds may be obtained by calling 866-839-5205. Please read the prospectus carefully before investing. Investing in funds involves risk, including possible loss of principal.
Closed-end funds generally have a one-time initial public offering and then are subsequently traded on the secondary market through one of the stock exchanges. The investment return and principal value will fluctuate so that an investor's shares may be worth more or less than the original cost. Shares of closed-end funds may trade above (a premium) or below (a discount) the net asset value (NAV) of the fund's portfolio. There is no assurance that a fund will achieve its investment objective. Past performance does not guarantee future results. Closed end funds that specialize in single country international investments may carry additional risks.
The above is for information purposes only and should not be considered as an offer, or solicitation, to deal in any of the investments mentioned herein. AAMI does not warrant the accuracy, adequacy or completeness of the information and materials contained in this document and expressly disclaims liability for errors or omissions in such information and materials.
Inclusion of the Morningstar Analyst Rating™ for funds within this press release should not be viewed as an endorsement or recommendation of this or any mutual fund by Morningstar. Morningstar Analyst Ratings are subject to change without notice and are not intended to be the sole factor in an investor's decision-making process.
SOURCE Aberdeen Asset Management
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