abrdn Asian Income Fund

LSE: AAIF

Market Cap£375m

Last Close 221p

AAIF aims to provide investors with a total return primarily through investing in Asia-Pacific securities, including those with an above-average yield, as well as to grow its dividends. Performance is measured against the MSCI AC Asia Pacific ex-Japan Index and the MSCI AC Asia Pacific ex-Japan High Dividend Yield Index (both in sterling terms), but no formal benchmark is used.

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Investment summary

While western economies have been struggling with soaring inflation, rising interest rates and slowing economic growth, the managers of abrdn Asian Income Fund (AAIF) note that Asian markets, while not immune to these pressures, have generally not faced headwinds of the same magnitude. Asian markets have outperformed global equities in 2022, with the Indian, Australian and Hong Kong markets being especially buoyant. The economic issues facing Asia differ from those seen in the west. Arguably, the structural fundamentals for the region as a whole are more supportive in that the demographics underpin better long-term demand, with higher growth and lower levels of personnel, corporate and government debt. In addition, Asian equity markets are trading on lower forward valuations compared with other geographic regions. China, which accounted for c 30% of equity markets and 46% of the region’s GDP in 2021, remains a source of both optimism and concern. On the one hand, it is in a position to loosen monetary policy (as inflation is not yet a concern) but on the other hand there is political uncertainty due to the presidential elections in Q322, coupled with ongoing zero-COVID-19 lockdowns and continued geopolitical tensions around Taiwan.

Content on abrdn Asian Income Fund
abrdn Asian Income Fund – A reappraisal of the opportunities for AAIF
Investment companies | research Review | 29 September 2022
dark earth globe with glowing details of city and human population density areas. 3d illustration
abrdn Asian Income Fund – A core option for Asian income and capital growth
Investment companies | research Review | 3 May 2022
dark earth globe with glowing details of city and human population density areas. 3d illustration
Aberdeen Asian Income Fund – A winning dual investment strategy
Investment companies | research Update | 10 November 2021
dark earth globe with glowing details of city and human population density areas. 3d illustration
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Share price graph
Price performance
%
1m
3m
12m
Actual 17.1 0.7 (1.3)
Relative* 9.6 (2.5) (4.1)
52-week high/low 236.0p/187.8p
*% relative to local index
Key management
William Hemmings Head of Closed End Funds

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