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abrdn Asian Income Fund Ltd - closed-end fund concentrated on Asian equities - For 2021, net asset value total return is 11.0%, outperforming the MSCI AC Asia Pacific ex Japan Index, which returned 8.1%. As at December 31, NAV per share increases 7.1% to 262.76 pence from 245.40p the same date a year prior.
Declares total dividend of 9.50 pence, up 2.2% from 9.30p the prior year.
"Alongside the ongoing conflict in Ukraine, there are other important challenges for 2022. Asia appears behind Europe in exiting the grip of the Covid pandemic, with the associated disruptions it has caused. Additionally, even prior to the Ukraine conflict, investor focus was drawn to the increasing risk of higher inflation globally, together with the interest rate hikes associated with that," says Chair Ian Cadby.
"However, against this complicated back-drop, there is cause for some optimism. Inflation remains moderate in most of Asia compared to the rest of the world, so there is less risk of disruptive policy moves from regional central banks," Cadby adds.
Current stock price: 226.29 pence
12-month change: up 1.0%
By Dayo Laniyan; dayolaniyan@alliancenews.com
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