Morningstar, Inc. Commentaries
Mar 7, 2014
Click here to access Taking a Closer Look at Aberdeen Asia-Pacific Income
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 (FAX). 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.