Trust Asset Management buys $1,217,172 stake in Aberdeen Australia Equity Fund Inc (IAF)

Aberdeen Australia Equity Fund Inc (IAF) : Trust Asset Management scooped up 3,540 additional shares in Aberdeen Australia Equity Fund Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 19, 2016. The investment management firm now holds a total of 211,682 shares of Aberdeen Australia Equity Fund Inc which is valued at $1,217,172.Aberdeen Australia Equity Fund Inc makes up approximately 0.56% of Trust Asset Management’s portfolio.

Other Hedge Funds, Including , Next Financial Group Inc boosted its stake in IAF in the latest quarter, The investment management firm added 93 additional shares and now holds a total of 6,872 shares of Aberdeen Australia Equity Fund Inc which is valued at $38,896. Aberdeen Australia Equity Fund Inc makes up approx 0.01% of Next Financial Group Inc’s portfolio.

Aberdeen Australia Equity Fund Inc. is a closed-end fund. The Fund’s principal investment objective is long-term capital appreciation through investment primarily in equity securities of Australian companies listed on the Australian Stock Exchange Limited. The Fund’s secondary investment objective is current income. The Fund’s market capitalization is $171.023 million. The Fund’s portfolio consists of financials materials consumer staples utilities consumer discretionary property trusts telecommunications and other sectors. The Fund’s manager is Aberdeen Asset Management Asia Limited.

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