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Aberdeen Asia-Pacific Income Fu Message Board

  • jerseyvinny2 jerseyvinny2 May 14, 2013 7:37 AM Flag

    Explanation?

    Eliciting opinions about what is going on here. The volume spike on yesterday's drop was huge. I don't like the 'return of capital' feature that has crept into FAX's distributions since late last year but I feel something else is in play here. Possibly Japan poisoning interest rates for the whole Pacific trading group but that's just a guess.

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    • From a historic 0% ROC in the distribution to 28% of the total distribution made up of return of capital. Investors noticed - and it coincided with drops in the aud/usd and the nzd/usd. Surprising that FAX hasn't dropped more. Mid 6's would be a nice place to better one's DCA.

    • Good question...

      It did the same thing last November - a big spike down and a quick rebound.
      FAP on Toronto , FAX's sister fund on the TSX hasn't budged...so I'm hoping it's an isolated event.
      Last spike down in November, was due to a big fund dumping FAX, for unknown reasons.
      Could be the same story this time around - maybe triggered by the Aussie dollar falling below par?

      Bought at $7.10 which works out close to 6%,
      And with NAV over $7.50, I can live with this stock , if it drops more.
      As a matter of fact, will probably buy more , if it drops more.

      H+

 
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