Aberdeen Asian Income Fund Limited Edison issues update on Aberdeen Asian Income Fund
November 11 2021 - 2:00AM
RNS Non-Regulatory
TIDMAAIF
Aberdeen Asian Income Fund Limited
11 November 2021
London, UK, 11 November 2021
Edison issues update on Aberdeen Asian Income Fund (AAIF)
With a focus on income and growth, Aberdeen Asian Income Fund's
(AAIF) dual investment strategy has proved successful. The team
targets the income and growth potential of Asia's most compelling
and sustainable companies. AAIF's 4.1% yield is competitive with
its four Asian income peers. The focus on high-quality businesses
creates a relatively defensive tilt in regional equities. Over the
past 12 months (to end-October), AAIF posted a 24.3% NAV total
return, outperforming peers and both the broad and high dividend
yield indices, by 13.5pp and 7.7pp, respectively. AAIF's team
believes the fund's focus on quality has helped deliver a
consistently robust performance during the pandemic.
The abrdn team is known for its quality stock-picking approach
and value tilt. Followed by the team since the company's launch in
December 2005, this quality approach served investors well during a
challenging 2020, protecting on the downside. The outperformance
has continued into 2021, against a backdrop of increasingly
negative sentiment towards Asian markets on the back of regulatory
measures across a number of corporate sectors in China,
particularly technology, property and education. This has
contributed to AAIF's cum-fair discount widening to 12.9% compared
to its three-year average of 9.6%. We believe there is scope for
this to narrow if investors rotate into quality and value. In
addition, the commercial robustness and financial strength of
portfolio investees should support AAIF's future dividend
payout
Click here to view the full report or here to sign up to receive
research as it is published.
All reports published by Edison are available to download free
of charge from its website
www.edisongroup.com
About Edison: E dison is a leading research and investor
relations consultancy, connecting listed companies to the widest
pool of global investors. By focusing on the volume and quality of
investors reached - across institutions, family offices, wealth
managers and retail investors - Edison can create and gauge intent
to purchase, even in the darkest pools of capital, and then make
introductions via non-deal roadshows, events or virtual
meetings.
Having been the first in-market 17 years ago, Edison now has
more than 100 analysts covering every economic sector.
Headquartered in London, Edison also has offices in New York,
Frankfurt, Amsterdam and Tel Aviv and a presence in Athens,
Johannesburg and Sydney.
Edison is authorised and regulated by the Financial Conduct
Authority .
Edison is not an adviser or broker-dealer and does not provide
investment advice. Edison's reports are not solicitations to buy or
sell any securities.
For more information, please contact Edison:
Victoria Chernykh +44 (0)20 3077 5700
investmenttrusts@edisongroup.com
Sarah Godfrey +44 (0)20 3681 2519
investmenttrusts@edisongroup.com
Learn more at www.edisongroup.com and connect with Edison on:
LinkedIn www.linkedin.com/company/edison-group-/
Twitter www.twitter.com/Edison_Inv_Res
YouTube www.youtube.com/edisonitv
This information is provided by Reach, the non-regulatory press
release distribution service of RNS, part of the London Stock
Exchange. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
Reach is a non-regulatory news service. By using this service an
issuer is confirming that the information contained within this
announcement is of a non-regulatory nature. Reach announcements are
identified with an orange label and the word "Reach" in the source
column of the News Explorer pages of London Stock Exchange's
website so that they are distinguished from the RNS UK regulatory
service. Other vendors subscribing for Reach press releases may use
a different method to distinguish Reach announcements from UK
regulatory news.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
NRABMBATMTIBBTB
(END) Dow Jones Newswires
November 11, 2021 03:00 ET (08:00 GMT)
Abrdn Asian Income (LSE:AAIF)
Historical Stock Chart
From Mar 2024 to Apr 2024
Abrdn Asian Income (LSE:AAIF)
Historical Stock Chart
From Apr 2023 to Apr 2024