Profile
Sector:
Financial ServicesIndustry:
Asset ManagementCountry:
SingaporeIPO:
17 April 1986Website:
http://www.aberdeenfax.comNext earnings report:
N/ALast dividends:
23 August 2024Next dividends:
23 September 2024Price
after hours | 52 min agoAnalysts recommendations
Institutional Ownership
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FAX Latest News
PHILADELPHIA, PA / ACCESSWIRE / August 19, 2024 / abrdn Asia-Pacific Income Fund, Inc. (NYSE American:FAX) (the "Fund"), a closed-end fund, announced today that the Fund's Board of Directors approved a 1-for-6 reverse stock split of the Fund's common stock. The Fund anticipates completing a 1-for-6 reverse stock split prior to the open of trading on the New York Stock Exchange (the "NYSE") on September 9, 2024, for common stockholders of record as of the close of business on September 6, 2024.
Emerging Asian bonds, the key focus of abrdn's Asia-Pacific Income Fund, have been a beacon of resilience this year. Relative spreads are perhaps too narrow at this point, though, and could be vulnerable to a correction as longer-duration Treasuries normalize. FAX hasn't offered the returns to justify its high expense, levered portfolio and could be particularly vulnerable in a downturn.
abrdn Asia-Pacific Income Fund (FAX) invests in fixed income securities in the Asia-Pacific region, with a history of paying dividends and a current yield of 12.6%. FAX primarily invests in growing, large, and less risky economies, with a portfolio that includes government bonds and investment-grade sovereign bonds. The fund has been relatively unaffected by interest rate hikes but has been impacted by credit spread widening, and its portfolio is considered relatively low risk.
What type of business is Abrdn Asia-Pacificome Fund?
Abrdn Asia-Pacific Income Fund Inc is a close ended fixed income mutual fund launched and managed by Aberdeen Standard Investments (Asia) Limited. It is co-managed by Aberdeen Standard Investments Australia Limited and Aberdeen Asset Managers Limited. The fund invests in fixed income markets of Asia, Australia, and New Zeland. It primarily invests in debt securities issued by governmental entities, banks, companies, and other entities. Abrdn Asia-Pacific Income Fund Inc was formed on March 14, 1986 and is domiciled in the United States.
What sector is Abrdn Asia-Pacificome Fund in?
Abrdn Asia-Pacificome Fund is in the Financial Services sector
What industry is Abrdn Asia-Pacificome Fund in?
Abrdn Asia-Pacificome Fund is in the Asset Management industry
What country is Abrdn Asia-Pacificome Fund from?
Abrdn Asia-Pacificome Fund is headquartered in Singapore
When did Abrdn Asia-Pacificome Fund go public?
Abrdn Asia-Pacificome Fund initial public offering (IPO) was on 17 April 1986
What is Abrdn Asia-Pacificome Fund website?
https://www.aberdeenfax.com
Is Abrdn Asia-Pacificome Fund in the S&P 500?
No, Abrdn Asia-Pacificome Fund is not included in the S&P 500 index
Is Abrdn Asia-Pacificome Fund in the NASDAQ 100?
No, Abrdn Asia-Pacificome Fund is not included in the NASDAQ 100 index
Is Abrdn Asia-Pacificome Fund in the Dow Jones?
No, Abrdn Asia-Pacificome Fund is not included in the Dow Jones index
When was Abrdn Asia-Pacificome Fund the previous earnings report?
No data
When does Abrdn Asia-Pacificome Fund earnings report?
Next earnings report date is not announced yet