Aberdeen Asian Income Fund : Edison issues review on Aberdeen Asian Income Fund

London, UK, 12 March 2020

Edison issues review on Aberdeen Asian Income Fund (AAIF)

Aberdeen Asian Income Fund (AAIF) is managed by Aberdeen Standard Investments Asia (ASI Asia), aiming to provide reliable quarterly income and long-term capital growth. Its investment process identifies high-quality and attractively valued stocks that can be held for the long term. Manager Yoojeong Oh says that Asia offers attractive growth opportunities and dividend prospects, and 'the number of dividend-paying stocks is on the rise'. She highlights the deep resources of the ASI Asia investment team, suggesting its presence on the ground and an extensive number of company meetings provides a strong foundation for successful bottom-up stock selection. While AAIF does not have a formal benchmark, its NAV has outperformed the MSCI AC Asia Pacific ex-Japan index and the MSCI AC Asia Pacific ex-Japan High Dividend Yield index over the long term.

AAIF is currently trading at a 7.9% discount to cum-income NAV, which compares with the 7.4% to 8.1% range of average discounts over the last one, three and five years. There is scope for the discount to narrow given the fund's three peers in the AIC Asia Pacific Income sector are all afforded a higher valuation. AAIF has a progressive dividend policy; the annual dividend has increased for the last 11 consecutive years.

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