Aberdeen Asia-Pacific Income Fund, Inc. (FAX)
Dec. 31, 2014 - Aberdeen Asset Management -
Economic & market overview
Asian local currency bond markets performed well in October, as bond yields fell across most markets and currencies received some respite from the broad U.S. dollar rally. A sharp drop in oil prices fuelled global deflationary concerns. Combined with renewed weakness in Europe, slowing growth in China and weak data in the U.S., this pushed back expectations with respect to the timing of U.S. interest rate hikes, even as the U.S. Federal Reserve (Fed) ended its asset purchases, driving a rally in U.S. Treasuries. Concurrently, both the European Central Bank (ECB) and Bank of Japan (BOJ) moved to expand their quantitative easing (QE) programs. Also weighing on investors’ minds was a sharp sell-off in European periphery market yields and concerns over a potential Ebola epidemic.
Tortoise Power and Energy Infrastructure Fund, Inc. - Third Quarter 2014
Nov. 26, 2014 - Tortoise Capital Advisors -
Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE: TPZ) invests in a portfolio of fixed income and equity securities issued by power and energy infrastructure companies. The Fund’s goal is to provide stockholders a high level of current income, with a secondary objective of capital appreciation. The Fund seeks to invest in a portfolio of companies that provide stable and defensive characteristics throughout economic cycles.