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At close Mar 11, 2014
The NAV information is provided by the Fund's accounting agent. The price is as reported by the exchange on which the Fund trades. This information is unaudited and neither Aberdeen Asset Management PLC, its wholly owned subsidiaries, the Funds, nor any other person guarantees their accuracy.
If you require further information on any of our Closed-End Funds:
Aberdeen Global Income Fund, Inc. (NYSE MKT: FCO)*
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.
For more detailed information on the specific risks associated with this fund, please view the Important Risk Considerations tab.
Full investment objective, investment policies and investment restrictions
Section 16 Filings
Fund Managers’ Monthly Report
- Global fixed income markets rallied in September, as the much-feared tapering of U.S. Federal Reserve bond purchases
failed to materialize. Yields of 10-year government bonds in the U.S. and UK fell to 2.61% and 2.72%, respectively.
- In Canada, 10-year bond yields fell to 2.54%. While the central bank kept its key policy rate at 1%, it sounded less
optimistic, given weakening U.S. growth. This was despite positive domestic data, particularly in jobs and retail sales.
- In Australia, 10-year yields fell to 3.82%, as monetary policymakers left the cash rate unchanged. Confidence rebounded
after the new conservative coalition government, which is generally seen as more pro-business, won office from the
incumbent Labor party. Corporate bonds trumped Commonwealth bonds, but semi-government bondsA fared the worst.
Elsewhere, New Zealand bonds weakened after the central bank indicated it may raise interest rates next year,
as accelerating growth and a buoyant property market are stoking inflation.
- For emerging markets, high-yield credits, including those in Argentina, Egypt and Morocco, outperformed their
counterparts elsewhere, whereas Costa Rica and the Dominican Republic lagged. In local currency debt, Brazil, Hungary
and the Philippines led gains, but Indonesia, Chile and Malaysia underperformed the overall market.
- The U.S. dollar weakened against both emerging market and G10B currencies. The euro strengthened on better growth
prospects and positive UK data lifted sterling.
A Semi-government bonds comprise all Australian state and territory government debt.
B The G10 member nations include the U.S., UK, Canada, France, Germany, Belgium, Italy, Japan, the Netherlands, and Sweden.
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