Abrdn Australia Equity Fund Inc (IAF)
NYSEAMERICAN: IAF · IEX Real-Time Price · USD
4.275
-0.010 (-0.23%)
Jul 2, 2024, 4:00 PM EDT - Market closed

Company Description

Abrdn Australia Equity Fund Inc is a closed ended equity mutual fund launched and managed by Aberdeen Standard Investments (Asia) Limited.

The fund is managed by Aberdeen Standard Investments Australia Limited. It invests in the public equity markets of Australia.

The fund makes its investments in firms operating across diversified sectors. It employs fundamental analysis with a bottom-up and top-down stock picking approach with focus on factors like growth prospects, competitive positions in domestic and export markets, technology, research and development, productivity, labor and raw material costs, profit margins, return on investment, capital resources, quality of management, and government regulation to create its portfolio.

The fund benchmarks the performance of its portfolio against the S&P ASX 200 Accumulation Index. It also uses proprietary research to create its portfolio.

The Aberdeen Australia Equity Fund Inc. was previously known as The First Australia Fund, Inc. Abrdn Australia Equity Fund Inc was formed in September 30, 1985 and is domiciled in the United States.

Abrdn Australia Equity Fund Inc
Abrdn Australia Equity Fund logo
Country United States
Founded 1985
Industry Asset Management
Sector Financials
CEO Martin James Gilbert C.A., L.L.B., LLD, M.A., MA LLB LLD CA

Contact Details

Address:
1900 Market Street, Suite 200
Philadelphia, Pennsylvania 19103
United States
Phone 215-405-5700

Stock Details

Ticker Symbol IAF
Exchange NYSEAMERICAN
Reporting Currency USD
CIK Code 0000779336
CUSIP Number 003011103
ISIN Number US0030111035
Employer ID 13-3304681