Edison issues update on abrdn Asian Income Fund

RNS Number : 4952S
abrdn Asian Income Fund Limited
10 March 2023
 

London, UK, 10 March 2023

 

Edison issues update on abrdn Asian Income Fund (AAIF)

abrdn Asian Income Fund is managed by abrdn, which has 30 years' heritage of managing Asian equity strategies, one of the largest regional teams and $52bn in AUM across Asia and global emerging markets (at 30 June 2022). It is pleasing to see that after weaker relative performances in 2017, 2019 and 2020, AAIF has returned to form with strong relative showings in 2021 and 2022 converting into outperformance of the index and peers over one, three and five years. After dipping into reserves in 2020 and 2021, the board has guided for a fully covered dividend per share of 9.75p for FY22 and 10.5p for FY23. While China does not account for a significant part of the portfolio, which has been both a headwind and tailwind for the strategy, it continues to have a significant impact on the region's prospects, making the recent reopening of China the most notable regional macro event of recent months.

 

There are a number of compelling reasons to consider using AAIF in a diversified income portfolio. The chart above outlines the significant variances in AAIF's sector positioning vs both the Morningstar UK and global equity income category average sector weightings. The addition of AAIF provides significant sector and regional revenue diversification vs those opportunity sets and over 10 years AAIF has an annualised correlation of 0.79 vs UK equity income funds and 0.86 vs global equity income strategies.


Click here to view the full report or here to sign up to receive research as it is published.

 

All reports published by Edison are available to download free of charge from its website

www.edisongroup.com

About Edison: E dison is a leading research and investor relations consultancy, connecting listed companies to the widest pool of global investors. By focusing on the volume and quality of investors reached - across institutions, family offices, wealth managers and retail investors - Edison can create and gauge intent to purchase, even in the darkest pools of capital, and then make introductions via non-deal roadshows, events or virtual meetings.

Having been the first in-market 17 years ago, Edison now has more than 100 analysts covering every economic sector. Headquartered in London, Edison also has offices in New York, Frankfurt, Amsterdam and Tel Aviv and a presence in Athens, Johannesburg and Sydney.

Edison is authorised and regulated by the Financial Conduct Authority .

Edison is not an adviser or broker-dealer and does not provide investment advice. Edison's reports are not solicitations to buy or sell any securities.

For more information, please contact Edison:

David Holder +44 (0)77 962 68072 investmenttrusts@edisongroup.com

Learn more at www.edisongroup.com and connect with Edison on: 

LinkedIn  www.linkedin.com/company/edison-group-/

Twitter   www.twitter.com/Edison_Inv_Res

YouTube  www.youtube.com/edisonitv

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word “Reach” in the source column of the News Explorer pages of London Stock Exchange’s website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
NRAFLFERVLIAIIV
UK 100

Latest directors dealings