Taking a Closer Look at Aberdeen Asia-Pacific Income
Mar. 07, 2014 - Morningstar, Inc. -
Between a recent management shuffle, the rapid depreciation of the Australian dollar, and refinancing its leverage structure, it has been an eventful 10 months Aberdeen Asia-Pacific Income
). But with this Bronze-rated fund trading at a 7.8% discount, now might be a good time for contrarian investors to take a look. To be sure, Aberdeen Asia-Pacific Income is not for everyone. As evidenced by its nearly 21% loss on a share price total return basis for 2013, the portfolio entails a large amount of currency risk.
CEF Weekly Update: An Overvalued Fund Now Slightly Less Overvalued
Mar. 04, 2014 - Morningstar, Inc. - A Collapsing Premium
After reaching an inexplicably high premium in late January, shares of Chile Fund(CH
) are finally coming back to earth. Partially because of its persistently high levels of return of capital, and partially because of the poor performance of Chilean equity markets, the fund's net asset value has depreciated close to 33% during the past year. Meanwhile, share prices have seen some odd behavior during that period, reaching a 30% premium last August before falling down to NAV by December.