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Aberdeen Asia-Pacific Income Fu Message Board

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  • flipper_58 flipper_58 Apr 27, 1999 11:09 AM Flag

    Move upward in FAX

    Last Fall FAX was 96% in Australia with a problem
    of loads of old bonds maturing in the next 5 years.
    Since that time due to new policy changes that
    portfolio certainly has a different flavor. With yields in
    the 5% area in Australia it not easy paying out over
    10% on assets after expenses. Hence the Fund's
    decision to invest elsewhere.

    Here's a few trends .
    Presently the funds Australia assets represents 78% of the
    portfolio, down from 80.2% from March and from 82.2% in Feb.

    It also appears the fund took some profits in South
    Korea in March as that countries % dropped from 11.2%
    to 9.6% in April. Why I don't know with all these
    Aussie bonds maturing. The South Korean portion is only
    1.6% in local currency too.

    As a % of the
    whole, which might not truly represent underlining money
    flows but might be of interest.....Thailand's % is
    slowly increasing, China dropping, New Zealand slightly
    up,korea leveling in at roughly 10%. Of course all these
    are small factions of the portfolio. The overall
    trend seems to be working towards the 33% in other then
    Aussie bonds.

5.09-0.010(-0.20%)Sep 23 4:02 PMEDT