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Aberdeen Global Income Fund, Inc. (NYSE AMEX: FCO)
- (EDT)
- » Closed-End Fund Center
Daily Data
At close May 17, 2012
| NAV | $13.19 |
| Price | $13.37 |
| Premium/(Discount) | 1.36% |
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 Global Income Fund, Inc. (NYSE AMEX: FCO)
Investment Objective
The Fund’s principal investment objective is to provide high current income by investing primarily in fixed income securities. As a secondary investment objective, the Fund seeks capital appreciation, but only when consistent with its principal investment objective.
Fund Manager Interview with Anthony Michael, Head of Fixed Income - Asia Pacific
Aberdeen believes that Asia offers global investors the advantages of solid fundamentals, desirable yield and sustainable growth, and should not be overlooked.
Download the Fund Manager InterviewFund Managers’ Monthly Report
April 2012
- The biggest stories in March were the conclusion of Greece’s private sector involvement (PSI) debt restructuring agreement and dovish comments by U.S. Federal Reserve Chairman Bernanke.
- Solid economic data from the U.S. pushed 10-year U.S. Treasury yields higher from 2.0% to 2.4%. Yields eased to 2.2% later in the month as Bernanke played down the more positive data.
- The combination of stronger U.S. macroeconomic data and the successful completion of the European Central Bank’s second three-year long term refinancing operations (LTRO) resulted in improved investor risk appetite and a very strong first quarter for global credit securities.
- Emerging market debt turned in a mixed performance in March, with hard currency debt substantially outperforming local currency debt, reversing a trend from the first two months of the year.
- In the U.S., while risk asset volatility and Bernanke’s dovish tone may provide support for U.S. Treasuries in the short term, we feel that yields, particularly long-dated, are likely to rise over time. A combination of better economic outlook, the ending of “Operation Twist” in June (which has seen the Fed switching short-dated Treasuries into long-dated bonds) and the current overvaluation of core sovereign bonds support this view.
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