PHILADELPHIA, May 3, 2012 /PRNewswire/ -- Aberdeen Asset Management Inc., part of Aberdeen Group, the world's largest manager of emerging market closed-end funds offered by both value and number, was recently recognized at Capital Link, Inc.'s 11th annual Closed-End Fund and Global ETF Forum for its excellence in the U.S. closed-end fund industry.
Aberdeen received the award for Best Shareholder Relations by a Non-U.S. Equity Closed-End Fund Family in 2011, which was based on nominations from analysts throughout the closed-end fund marketplace. This is the second year in a row that Aberdeen has been recognized for its investor relations program.
Commenting on the award, Piers Currie, global head of marketing for Aberdeen, said, "We are delighted to be recognized for our investor relations program, which we take very seriously. In today's volatile environment, with investors constantly searching for income and growth, keeping our shareholders informed with insight from Aberdeen's investment teams around the world is more important than ever."
Expertise in Asia-Pacific
At Capital Link's Forum, Donald Amstad, Director, Aberdeen Asia, discussed the case for the Asia-Pacific region, which Aberdeen believes is too important for investors to ignore in their asset allocation strategies. Mr. Amstad comments on the solvency of Asian governments and the importance of growing Asian domestic demand in this short film:
Leader in Emerging Market Closed-End Funds
Aberdeen directly manages eleven U.S. exchange-listed closed-end funds, one Canadian investment company, and serves as investment sub-advisor to two other U.S. exchange-listed closed-end funds.
Aberdeen's closed-end funds available to North American investors are:
- Aberdeen Asia-Pacific Income Fund, Inc. (NYSE AMEX: FAX)
- Aberdeen Asia-Pacific Income Investment Company Limited (TSX: FAP)
- Aberdeen Australia Equity Fund, Inc. (NYSE AMEX: IAF)
- Aberdeen Chile Fund, Inc. (NYSE AMEX: CH)*
- Aberdeen Emerging Markets Telecommunications and Infrastructure Fund, Inc. (NYSE AMEX: ETF)
- Aberdeen Global Income Fund, Inc. (NYSE AMEX: FCO)*
- Aberdeen Indonesia Fund, Inc. (NYSE AMEX: IF)
- Aberdeen Israel Fund, Inc. (NYSE AMEX: ISL)
- Aberdeen Latin America Equity Fund, Inc. (NYSE AMEX: LAQ)
- First Trust /Aberdeen Global Opportunity Income Fund, Inc. (NYSE AMEX: FAM)
- First Trust /Aberdeen Emerging Opportunity Fund, Inc. (NYSE AMEX: FEO)
- The Asia Tigers Fund, Inc. (NYSE: GRR)
- The India Fund, Inc. (NYSE: IFN)
- The Singapore Fund, Inc. (NYSE: SGF)
About Aberdeen Asset Management
Aberdeen Asset Management PLC, the parent company of Aberdeen Asset Management Inc., is an independently‐run asset manager listed on the London Stock Exchange since 1991, and operating from 31 offices in 23 countries (the "Aberdeen Group"). The Aberdeen Group invests on behalf of institutional and wholesale clients, primarily in equities, fixed income, alternative investment strategies and property. The Aberdeen Group manages more than US$270.3 billion of assets for both institutions and private individuals as of December 31, 2011.
*Investors should consider a fund's investment objectives, risks, charges and expenses carefully before investing. A copy of the prospectus for Aberdeen Chile Fund, Inc. and Aberdeen Global Income Fund, Inc. that contains this and other information about the fund may be obtained by calling 866-839-5205. Please read the prospectus carefully before investing. Investing in funds involves risk, including possible loss of principal.
Closed-end funds have a one-time initial public offering and then are subsequently traded on the secondary market through one of the stock exchanges. The investment return and principal value will fluctuate so that an investor's shares may be worth more or less than the original cost. Shares of closed-end funds may trade above (a premium) or below (a discount) the net asset value (NAV) of the fund's portfolio. There is no assurance that a fund will achieve its investment objective. Past performance does not guarantee future results.
In the United States, Aberdeen Asset Management (AAM) is the marketing name for the following affiliated, registered investment advisers: Aberdeen Asset Management Inc., Aberdeen Asset Managers Ltd, Aberdeen Asset Management Ltd and Aberdeen Asset Management Asia Ltd, each of which is wholly owned by Aberdeen Asset Management PLC. "Aberdeen" is a U.S. registered service mark of Aberdeen Asset Management PLC.
The above is for information purposes only and should not be considered as an offer, or solicitation, to deal in any of the investments mentioned herein. AAMI does not warrant the accuracy, adequacy or completeness of the information and materials contained in this document and expressly disclaims liability for errors or omissions in such information and materials.
 Fund Consultants LLC, March 2012. Based on analysis of emerging market closed-end funds offered in multiple jurisdictions as of December 31, 2011; data provided by Morningstar Inc. Closed-end funds are defined as investment companies that are 1) listed on a recognized exchange; 2) possess fixed share capital and; 3) were formed via subscriptions from the public via an open offer or placement. Criteria for inclusion in the emerging markets category is based on the World Bank's definition of emerging countries as measured by lower and middle income per capita. Criteria for fund inclusion is 1) at least 75% of gross assets invested in emerging markets; 2) funds with under 25% exposure to Asian developed markets.
 Capital Link's Awards seek to identify and recognize those fund sponsors and executives who consistently apply high standards of financial disclosure, investor and shareholder relations, and innovation. The Awards' nominating committee consists of CEF and ETF analysts, fund sponsors, and market experts. Capital Link is not part of the nominating committee. Aberdeen received the award out of approximately 100 closed-end fund sponsoring firms.
SOURCE Aberdeen Asset Management Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Press Release Service provided by PRConnect.
Stock quotes supplied by Telekurs USA
Postage Rates Bots go here