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# Aberdeen Asia-Pacific Income Investment Company Limited
  (EDT)
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Daily Data

At close Apr, 23 2014

NAV$5.79
Price$5.67
Premium/Discount-2.07%

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.

 
 

Contact Us

Tel: +(1) 800 992 6341
Fax: +(1) 866 354 4005

investorrelations@aberdeen-asset.com

 

Aberdeen Asia-Pacific Income Investment Company Limited (TSX: FAP)

Investment Objective

The investment objective of the Company is to obtain current income and achieve incidental capital appreciation from investment in long-term debt securities. The Company may invest up to 80% of total assets in securities issued by Asian entities.

 

Manager's Monthly Report

January 2014

  • Stabilizing sentiment in the broader emerging world benefited Asian fixed income markets, which posted modest gains in February. The economic outlook remained mixed, as manufacturing data in China and the U.S. disappointed but Europe showed incremental improvement. Political tensions flared between Russia and the West over its intervention in Ukraine. In the U.S., Janet Yellen’s first Congressional testimony as Federal Reserve chief indicated her comfort with a steady pace of tapering of US$10 billion a month.
  • Indonesia’s local currency bonds outperformed their regional peers for the month owing to robust domestic and foreign demand. The country posted positive trade data, as solid exports underpinned fourth-quarter gross domestic product (GDP) growth. Philippine bonds posted more modest gains, as the trade deficit narrowed amid accelerating exports. Overseas remittances also reached a record high. In India, the bond market rose marginally as fourth-quarter GDP growth was in line with analyst forecasts. The central bank reiterated that it will continue to focus on managing inflation expectations, as this was key to achieving sustainable long-term growth.
  • Australian bond yields ended the month unchanged, as economic data remained mixed. Retail sales rose and business confidence improved, whereas employment and investment deteriorated. The central bank left the cash rate on hold and was generally perceived as no longer having a monetary policy easing bias. Australian government bonds lagged all other market segments.
 

Investment Policies

In order to achieve its investment objective, the Company may invest up to 80% of its total assets in "Asian-Pacific debt securities", and may be denominated in an Asian-Pacific Country currency or in Australian, New Zealand or U.S. dollars. At least 20% of the Company's total assets will be invested in "Australian debt securities".

The information contained above provides only a brief summary description of the Company's investment objective and investment policies. Please contact Investor Relations should you wish to receive more detailed information regarding the Company.

Taxation

Shareholders should consult with their tax advisors regarding the taxation of dividends received on shares of the Company and any disposition of shares of the Company. In general, dividends received by a Canadian resident holder of shares of the Company (including dividends reinvested in shares of the Company) must be included in computing the income of the holder for Canadian tax purposes. The gross-up and dividend tax credit rules applicable to dividends received from taxable Canadian corporations will not be applicable, as the Company is not a Canadian corporation.

Dividends

The Fund pays dividends monthly out of net investment income and realized capital gains, and to the extent necessary, paid in capital.

 
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