Abrdn Asia-Pacific Income Fund Inc (FAX)
Market Open
11 Sep, 14:05
AMEX AMEX Primary $
14. 50
+0.1
+0.6944%
$
- Market Cap
- Div Yield
17,749 Volume
$ 14.4
Previous Close Investors:
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FAX: Well-Diversified EM Fund, But Distribution Sustainability Is Questionable
The abrdn Asia-Pacific Income Fund offers a 13.38% yield, focusing on Asia-Pacific and select emerging market debt for high current income. FAX's portfolio is 71.1% investment-grade, with a mix of sovereign, quasi-sovereign, and local currency bonds, benefiting from recent foreign currency appreciation. Despite a stable distribution since 2019, the fund's net investment income and realized gains have not covered payouts, raising sustainability concerns.
Seekingalpha | 4 months ago
