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Aberdeen Asia-Pacific Income Fu Message Board

  • tristrem tristrem Oct 15, 1998 10:27 AM Flag

    Change the Name

    The name of this fund should be changed from First Australia Prime Income fund to First High-Risk Asia Debt Bazaar Fund.

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    • No, they always use High Yield. I mean given your
      choise you would always choose high yield, but not the
      work risk. Almost all the high yield bond funds that I
      know of use increased risk through leverage (like
      FAX), longer bond terms, and/or lower quality debt
      (something FAX is also going to). Over all, things seem to
      be going in FAX's way again. The AUD has just risen
      to 1.5650 to the USD, it was above 1.70 not too long
      ago. This along with today's fed cut which should help
      bonds and I would expect that FAX would rise back above
      six soon after the justified uproar over the rights
      is over.

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