abrdn Asian Income fund discount widens despite positive performance

NAV total return up 2.5%

Cristian Angeloni
clock • 2 min read

abrdn Asian Income fund (AAIF) has posted positive performance for the year to 31 December 2023, but its discount has widened due to an “imbalance between supply and demand”, as more investors sold investment trusts.

In its financial results for the year published today (27 March), the trust reported a net asset value total return of 2.5% - up from -3.6% in 2022 - outperforming the MSCI AC Asia Pacific ex Japan index, which returned 1.6% over the period. abrdn Property Income board backs CREI merger over 'uncertain' wind-down The trust attributed the positive performance to its "structural" underweight exposure to China. However, AAIF's discount went from 11.7% at the beginning of the year to 12.8% as of the end of 2023. It widened further in the first quarter of 2024, as the trust is curren...

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