Aberdeen Captures the Views of Closed-End Fund Industry Experts
Aberdeen Asset Management
Philadelphia, PA, June 7, 2010 -- Aberdeen Asset Management Inc. ("Aberdeen"), a global asset management group managing approximately $10 billion in closed-end fund assets globally with companies listed on the New York, London and Toronto stock exchanges, today announced the video posting of Closed-End Fund industry expert views from the 9th Annual Closed-End Funds and Global ETFs Capital Link Forum to its website, www.aberdeen-asset.us/cef.
The short film captures insightful commentary from industry experts, investment managers, investors and analysts at the annual event including participants from Morningstar, Nuveen, Wells Fargo and Aberdeen.
"Closed-end funds may be unfamiliar to some investors," noted Tim Sullivan, Head of Product Development U.S. for Aberdeen, "however, I believe the record attendance at the Capital Link Conference this year indicates that both professional and individual investors are taking a strong interest in the sector. We hope that our webcasts and film will help sustain growing interest in the sector."
"The industry has a broad range of funds; there are about 650 in all, covering 30 different investment categories," said Sullivan, who is also currently President of the Closed-End Fund Association. "Many of these funds are interesting to income-oriented investors, given that closed-end funds have some structural advantages allowing them to provide consistent distributions."
Kevin Daly and Nick Robinson, investment managers on Aberdeen's emerging markets teams, presented at the Forum. Their presentations are also available at www.aberdeen-asset.us/cef.
Nearly one thousand wealth management professionals attended the Forum at New York City's prestigious Metropolitan Club on April 28, 2010. As the event's platinum sponsor, Aberdeen Asset Management was there to capture the highlights of the event in a short, five-minute video.
About Aberdeen:
Aberdeen Asset Management PLC, parent of Aberdeen Asset Management Inc., was founded in 1983 and has over $259 billion in assets under management and 1,800 staff, across 31 offices in 24 countries. Aberdeen offers a range of investment vehicles to private and institutional U.S. investors, including mutual funds, closed-end funds and large separate accounts. As a group, Aberdeen manages over $29 billion in emerging market equity and fixed income assets for both individual and institutional investors around the world as of March 31, 2010. We are now one of the largest managers of U.S.-listed closed-end funds that invest in emerging markets, according to Morningstar analytics as of March 2010.
Aberdeen directly manages eight NYSE-listed closed-end funds, most of which with an emerging market focus and we are also investment sub-adviser to two other closed end funds managed by First Trust Advisors L.P. Aberdeen's range covers a broad array of regions, asset classes and sectors, from our largest U.S.-listed fund, the Aberdeen Asia-Pacific Income Fund (AMEX NYSE: FAX), to those with a regional focus and even country-specific funds.
Aberdeen Asset Management Investment Services Limited ("AAMISL") serves as investment adviser to the Aberdeen Chile Fund, Inc., Aberdeen Emerging Markets Telecommunications Fund, Inc., Aberdeen Israel Fund, Inc., and Aberdeen Latin America Equity Fund Inc. Aberdeen Asset Management Asia Limited ("AAMAL") serves as investment adviser to the Aberdeen Indonesia Fund, Inc. Both AAMISL and AAMAL are registered investment advisers under the Investment Advisers Act of 1940.
Aberdeen Asset Management is the marketing name in the U.S. for the following affiliated, registered investment advisers: Aberdeen Asset Management Inc., Aberdeen Asset Management Investment Services Ltd., Aberdeen Asset Management Ltd. and Aberdeen Asset Management Asia Ltd. (collectively, the 'Aberdeen Advisers'). Each of the Aberdeen Advisers is wholly owned by Aberdeen Asset Management PLC. "Aberdeen" is a U.S. registered service mark of Aberdeen Asset Management PLC.
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