Company profile - Aberdeen Asian income fund feature image - 28062019- JPGmoney & pens

Aberdeen Asian Income Fund

LN: AAIF

£367.9m market cap

207p last close

AAIF aims to provide investors with a total return primarily through investing in Asian Pacific securities, including those with an above-average yield. Within its overall investment remit, the company aims to grow its dividends. While the portfolio is constructed without reference to any benchmark, the company measures its performance against the MSCI Asia Pacific ex-Japan index, in sterling terms.

Investment summary

Aberdeen Asian Income Fund (AAIF) aims to generate an above-average level of income and long-term capital growth, even in challenging times, from a diversified portfolio of Asia Pacific equities. Data from the fund’s manager Aberdeen Standard Investments (ASI) Asia highlight the importance of income in the region; since 2000, c 50% of share price total returns have been from reinvested dividends and corporates are supportive of dividend growth. AAIF has generated double-digit NAV and share price total returns over the last decade and currently offers a 4.4% dividend yield. The dividend is well covered and the fund has c 0.9x the FY18 annual distribution in revenue reserves.

Share price graph
Price performance
%
1m
3m
12m
Actual (2.8) (3.0) 7.5
Relative* (4.2) (5.2) 2.9
52-week high/low 222.5p/190.0p
*% relative to local index
Key management
William Hemmings Head of Closed End Funds

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