Edison Investment Research Provides Positive Update on abrdn Asian Income Fund

Edison Investment Research released a positive review on the abrdn Asian Income Fund (AAIF) on April 15, 2024. According to their latest assessment, AAIF has shown impressive financial outcomes for FY23 by exceeding the performance of its benchmark index, the MSCI AC Asia Pacific ex Japan. The fund has also increased its dividend, marking 15 years of consecutive growth, and successfully negotiated a more competitive fee structure.

The Singapore-based management team of AAIF has effectively utilized its locational advantage for building strong regional connections and discovering promising investment opportunities in Asia. The fund strategically includes well-established and emerging companies within its portfolio. Despite the current broader market discounts typical in uncertain economic scenarios, AAIF presents an attractive valuation. It offers a 5.5% dividend yield and is recognized for its consistent dividend growth over the last 15 years. This record positions AAIF close to achieving "dividend hero" status as recognized by the AIC, pending five more years of similar performance.