The Aberdeen Asia-Pacific Income Fund (NYSEMKT:FAX) is a closed-end fund that invests in Asia-Pacific region bonds and debt securities. While the COVID-19 pandemic has represented a challenging market environment, the fund has been able to overcome significant volatility to return 2% thus far this year. The actively-managed fund currently yields 8.3% distributed monthly, making it a compelling income vehicle. We are bullish on FAX as macro data suggests the Asia-Pacific region is well-positioned to deliver strong economic growth setting up a positive outlook for region bonds. The combination of attractive yields and strong fundamentals makes FAX a good option to diversify investor portfolios with upside on a total return basis.
FAX with over $1.2 billion in total assets and an inception date in 1993 is one of the oldest CEFs investing in the region backed by a long-term track record from a credible management team. The