David Fuller's view I last mentioned the Aberdeen Asian Income Investment Trust (AAIF LN) (weekly & daily) on 12th August.


I have previously said that I wished to increase further the yield in my personal long-term investment portfolio. Initially, I did this in late September when I bought more Royal Dutch Shell B (RDSB LN) (weekly & daily) while the yield was just above 5%. Suspecting that I will not see that again for a while and also that the next significant move by stock markets is more likely to be up than down, and also liking Asia's valuations, I bought AAIF this afternoon. The chart pattern remains rangebound but it has shown relative strength overall and early-October's weekly upside key reversal indicates that support from the lower boundary has been reaffirmed.

AAIF is a conservative purchase as you might expect with an income fund and can see from its top-10 holdings, listed on the upper right-hand of the latest Fact Sheet. Nevertheless, I assume that many of Asia's high-yielding companies will also benefit from the region's world-leading GDP growth. My main concern over AAIF was the premium to NAV currently shown at 3.82%. However, I also noted that it usually trades at a premium to NAV, partly because it currently yields 4.1%.



I paid 169.85p and 169.84p for my purchases of AAIF today, plus online dealing costs. I may increase this holding at some point as it is not yet in my personal top-10 holdings by weighting.