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Aberdeen Asia-Pacific Income Fu Message Board

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  • flipper_58 flipper_58 Mar 12, 1999 9:42 PM Flag

    Tender offer for FAX

    If you looking for decent capital gains from FAX,
    my advice is look elsewhere. Closed End funds in
    general pay out the max. in current income, principle
    value in general is secondary in what I've seen.


    The US bond market has exploded on the upside in the
    last 10-15 years, but look at the NAV's of most bond
    funds, down. Over the long term they drop. If bond rates
    went up a lot in the next 5 years I'd expect most bond
    fund to decrease to almost nothing after payout and
    bond value drops. DOn't let that happen to your
    money.

    If you want to secure your principle better then you
    may buy the bonds directly as they have a definite
    maturity. Otherwise use stop losses and move on. These are
    not Bank CD alternatives but more like stocks, iMO.
    Have a fail safe system in mind to protect your
    principle.

    IMO, if the AUD goes up a lot then you'll see dividend
    increases, NOT money reinvested to protect NAV value. It's
    the nature of the beast.

    Good Luck.

 
FAX
5.02+0.010(+0.20%)Jun 29 4:02 PMEDT