Merriman Wealth Management adds Aberdeen Asia-Pacific Income Fund (FAX) to its portfolio

Aberdeen Asia-Pacific Income Fund (FAX) : Merriman Wealth Management added new position in Aberdeen Asia-Pacific Income Fund during the most recent quarter end. The investment management firm now holds 529,277 shares of Aberdeen Asia-Pacific Income Fund which is valued at $2,720,484 , the company said in a statement filed on Jul 8, 2016 with the SEC.Aberdeen Asia-Pacific Income Fund makes up approximately 0.76% of Merriman Wealth Management’s portfolio.

Other Hedge Funds, Including , Next Financial Group Inc boosted its stake in FAX in the latest quarter, The investment management firm added 6,453 additional shares and now holds a total of 13,803 shares of Aberdeen Asia-Pacific Income Fund which is valued at $70,947. Aberdeen Asia-Pacific Income Fund makes up approx 0.02% of Next Financial Group Inc’s portfolio.

Aberdeen Asia-Pacific Income Fund closed down -0.05 points or -0.97% at $5.12 with 7,71,127 shares getting traded on Wednesday. Post opening the session at $5.08, the shares hit an intraday low of $5.08 and an intraday high of $5.17 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Aberdeen Asia-Pacific Income Fund Inc. (the Fund) is a closed-end non-diversified management investment company. The Fund’s investment objective is to seek current income. It may also achieve incidental capital appreciation. The Fund normally invests at least 80% of its net assets plus the amount of any borrowings for investment purposes in Asian debt securities Australian debt securities and New Zealand debt securities. Asian Countries include Bangladesh China Hong Kong India Indonesia Japan Malaysia Pakistan the Philippines Singapore South Korea Taiwan Thailand Vietnam Sri Lanka Kazakhstan and Mongolia and such other countries on the Asian continent approved for investment by the investment manager of the Fund. Aberdeen Asset Management Asia Limited serves as investment manager to the Fund.

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