London, UK, 11 November 2021

Edison issues update on Aberdeen Asian Income Fund (AAIF)

With a focus on income and growth, Aberdeen Asian Income Fund's (AAIF) dual investment strategy has proved successful. The team targets the income and growth potential of Asia's most compelling and sustainable companies. AAIF's 4.1% yield is competitive with its four Asian income peers. The focus on high-quality businesses creates a relatively defensive tilt in regional equities. Over the past 12 months (to end-October), AAIF posted a 24.3% NAV total return, outperforming peers and both the broad and high dividend yield indices, by 13.5pp and 7.7pp, respectively. AAIF's team believes the fund's focus on quality has helped deliver a consistently robust performance during the pandemic.

The abrdn team is known for its quality stock-picking approach and value tilt. Followed by the team since the company's launch in December 2005, this quality approach served investors well during a challenging 2020, protecting on the downside. The outperformance has continued into 2021, against a backdrop of increasingly negative sentiment towards Asian markets on the back of regulatory measures across a number of corporate sectors in China, particularly technology, property and education. This has contributed to AAIF's cum-fair discount widening to 12.9% compared to its three-year average of 9.6%. We believe there is scope for this to narrow if investors rotate into quality and value. In addition, the commercial robustness and financial strength of portfolio investees should support AAIF's future dividend payout
 

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