Edison issues update on Aberdeen Asian Income Fund

RNS Number : 9937R

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 [phone] [e-mail]

Sarah Godfrey [phone] [e-mail]

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

 

END

 

 

NRABMBATMTIBBTB