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BUYING SOME FOREIGN BONDS

May 5, 2017

We have never been excited about getting into foreign markets.  But we have been looking at FAX Aberdeen Asia Pacific Income Fund which owns bonds from Australia, India and Indonesia (about 50% of the portfolio).

The bonds are good quality and FAX is paying 8.4%…..nice!!!

Back in January 2013 this thing was trading at almost $8.00.  It then TANKED down to $4.50 three years later.  It rebounded and has been trading at $5.00.  This fund has been around since 1986 and we have to think they know what they are doing lol.

Bottom line we are making a foray into the foreign bond market.  BUY FAX.

Aberdeen Asia-Pacific Income Fund, Inc. is a close ended fixed income mutual fund launched and managed by Aberdeen Asset Management Asia Limited. It is co-managed by Aberdeen Asset Management Limited and Aberdeen Asset Managers Limited. The fund invests in fixed income markets of Asia, Australia, and New Zeland. It primarily invests in debt securities issued by governmental entities, banks, companies, and other entities. Aberdeen Asia-Pacific Income Fund, Inc. was formed on March 14, 1986 and is domiciled in the United States.

GO TO CORE PORTFOLIO to see current positions.

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