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# Aberdeen Global Income Fund, Inc. (NYSE MKT: FCO)
  (EDT)
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Daily Data

At close Jul 28, 2014

NAV$12.35
Market Price$11.65
Premium/(Discount)-5.67%

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.

 
 

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Aberdeen Global Income Fund, Inc. (NYSE MKT: 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.

For more detailed information on the specific risks associated with this fund, please view the Important Risk Considerations tab. 

 

Fund Managers’ Monthly Report

May 2014

  • Developed market government bonds continued to rally through May as the market largely ignored more positive U.S. economic data. In Europe, the European Central Bank president strongly hinted at interest rate cuts, while the Bank of England quarterly inflation report was more dovish than expected.
  • In Canada, 10-year government bond yields fell more than their U.S. counterparts, as domestic macroeconomic data disappointed.
  • Australian government bond yields fell and the yield curve flattened further, in line with the U.S. and amid mixed economic data. In New Zealand, yields in the front end of the curve rose on expectations of further rate hikes, but those at the long end rallied in line with core markets.
  • Emerging market debt (EMD) advanced, spurred on by perceived easing of Ukraine geopolitical risk and the rally in developed world rates, which made EMD more attractive to investors. Ukraine and Russia outperformed the overall EMD market, while Argentina was the only country to post negative returns. Local currency debt was strong, yet underperformed its hard currency counterparts. The Philippine market performed well, while Thailand lagged as the country experienced yet another military coup.
  • Among G-101 currencies, the Canadian dollar and Japanese yen appreciated the most against the U.S. dollar, while the Swedish krona and Swiss franc depreciated.

1 The G-10 nations include 11 industrial countries (Belgium, Canada, France, Germany, Italy, Japan, the Netherlands, Sweden, Switzerland, the UK and the U.S.) which consult and cooperate on economic, monetary and financial matters.

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Full investment objective, investment policies and investment restrictions Section 16 Filings
 
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