Closed-End Fund Commentaries
Dec 21, 2016
Click here to access Aberdeen Asia-Pacific Income Fund, Inc. (FAX)
How has your positioning changed in light of the U.S. election?
Some months ago, we began to withdraw from some of the high-yield markets because they looked over-bought. The Asia premium - that is, the carry you get from taking the same risk in an Asian credit as you would in an equivalent U.S. or global credit - had been falling.