My personal portfolio:
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.