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Aberdeen Australia Equity Fund, Inc. (NYSE AMEX: IAF)
- (EDT)
- » Closed-End Fund Center
Daily Data
At close May 17, 2012
| NAV | $9.00 |
| Price | $9.72 |
| Premium/(Discount) | 8.00% |
NAV and prices are provided by Morningstar. This information is unaudited and neither Aberdeen Asset Management PLC, its wholly owned subsidiaries, the Funds, nor any other person guarantees their accuracy.
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Aberdeen Australia Equity Fund, Inc. (NYSE AMEX: IAF)
Investment Objective
Long term capital appreciation through investment primarily in equity securities of Australian companies listed on the Australian Stock Exchange. The Fund's secondary investment objective is current income.
Investing in the Asia-Pacific Region
As the West grapples with its debt issues, we believe that the structural soundness of the Asia-Pacific region will help deliver long-term opportunities for investors.
Download brochureFund Managers’ Monthly Report
April 2012
- Australian equities rose in March in local currency terms, helped by positive U.S. economic data and a run-up in banking stocks despite the lack of sector-specific news.
- The central bank kept interest rates unchanged. Manufacturing output contracted for the first time in four months, while consumer confidence continued to fall, as unemployment rate rose marginally in February.
- In politics, Prime Minister Julia Gillard reshuffled the cabinet and appointed New South Wales’ former premier, Bob Carr, as foreign minister, replacing Kevin Rudd.
- Miner Rio Tinto may sell off its diamond business following a strategic review, as it lacks scale and contributed marginally to the group’s earnings last year. Miners from BHP Billiton’s Queensland coal mines resumed their strike after negotiations broke down between management and labor unions.
- There were no major changes to the portfolio in March.
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