ASGI

abrdn Global Infrastructure Income Fund
ASGI
Market cap $509M

20.18 USD

+0.07

0.35%

At close Oct 17, 4:00 PM EDT

After hours

20.24

+0.06

0.30%

1 day

0.35%

5 days

1.51%

1 month

2.54%

3 months

4.56%

6 months

20.55%

Year to date

12.93%

1 year

29.03%

5 years

6.49%

About: abrdn Global Infrastructure Income Fund is a non-diversified, closed-end management investment company. Its objective is to seek to provide a high level of total return with an emphasis on current income by investing in assets that provide necessary services to society.

0

Funds holding %

of 6,740 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

9% less repeat investments, than reductions

Existing positions increased: 20 | Existing positions reduced: 22

7% less funds holding

Funds holding: 68 [Q1] → 63 (-5) [Q2]

8.73% less ownership

Funds ownership: 52.16% [Q1] → 43.42% (-8.73%) [Q2]

14% less capital invested

Capital invested by funds: $233M [Q1] → $200M (-$33M) [Q2]

42% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 12

See Fund Rankings

Research analyst outlook

We haven’t received any recent analyst ratings for ASGI.

See Analyst Rankings

Financial journalist opinion

Based on 3 articles about ASGI published over the past 30 days

ASGI: Positive Outlook Driven By Interest Rate Cuts

ASGI offers global exposure to infrastructure sectors, providing a high dividend yield of 12.5%, making it attractive for income-focused investors. The fund's diverse portfolio mains a majority exposure to Industrials and Utilities. I believe ASGI has a positive outlook due to continued interest rate cuts. Despite a high management fee, ASGI's consistent price range and monthly distributions make it appealing for both capital preservation and income generation.

ASGI: Positive Outlook Driven By Interest Rate Cuts

abrdn U.S. Closed-End Funds Announce Distribution Payment Details

PHILADELPHIA, PA / ACCESSWIRE / September 30, 2024 / The abrdn U.S. Closed-End Funds (NYSE:ASGI, HQH, HQL, IFN, JEQ, THQ)(NYSE American:IAF), (the "Funds" or individually the "Fund"), today announced that the Funds paid the distributions noted in the table below on September 30, 2024, on a per share basis to all shareholders of record as of September 23, 2024 (ex-dividend date September 23, 2024). These dates apply to the Funds listed below with the exception of abrdn Healthcare Investors (HQH), abrdn Life Sciences Investors (HQL), abrdn Australia Equity Fund, Inc. (IAF), the India Fund Inc. (IFN) and abrdn Japan Equity Fund, Inc. (JEQ) which paid on September 30, 2024, to all shareholders of record as of August 23, 2024 (ex-dividend date August 23, 2024), and the abrdn Global Infrastructure Income Fund (ASGI) which paid on September 30, 2024, to all shareholders of record as of September 20, 2024 (ex-dividend date September 20, 2024).

abrdn U.S. Closed-End Funds Announce Distribution Payment Details

abrdn and First Trust Announce Closing of Reorganizations of Certain First Trust Advised Funds With abrdn U.S. Closed-End Funds

PHILADELPHIA & WHEATON, Ill.--(BUSINESS WIRE)--abrdn Income Credit Strategies Fund (NYSE: ACP) (“ACP”) and abrdn Global Infrastructure Income Fund (NYSE: ASGI) (each, an “Acquiring Fund”) announce today the completed reorganizations, after close of regular business on September 20, 2024, of First Trust/abrdn Global Opportunity Income Fund (NYSE: FAM) and Macquarie/First Trust Global Infrastructure/ Utilities Dividend & Income Fund (NYSE: MFD) (each, an “Acquired Fund”). In the reorganizatio.

abrdn and First Trust Announce Closing of Reorganizations of Certain First Trust Advised Funds With abrdn U.S. Closed-End Funds

abrdn Global Infrastructure Income Fund ("ASGI") and abrdn Income Credit Strategies Fund ("ACP") Announce Distribution Payment Details

PHILADELPHIA, PA / ACCESSWIRE / September 10, 2024 / The abrdn Global Infrastructure Income Fund (NYSE:ASGI) and the abrdn Income Credit Strategies Fund (NYSE:ACP), announced today that each closed end fund will pay the distributions indicated in the chart below on a per share basis on September 30, 2024, to all shareholders of record as of September 20, 2024 (ex-dividend date September 20, 2024). Ticker Exchange Fund Amount ACP NYSE abrdn Income Credit Strategies Fund $ 0.1000 ASGI NYSE abrdn Global Infrastructure Income Fund $ 0.2100 Please note that shareholders of the Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund (NYSE: MFD) and the First Trust/abrdn Global Opportunity Income Fund (NYSE: FAM) will not be shareholders of record of the ASGI or ACP respectively until September 23, 2024, so those shareholders will not receive this September distribution.

abrdn Global Infrastructure Income Fund ("ASGI") and abrdn Income Credit Strategies Fund ("ACP") Announce Distribution Payment Details

ASGI: 12% Yield, Upcoming Changes In September

abrdn Standard Global Infrastructure Income Fund offers high yield with ~47% non-North American holdings, aiming for total return with an emphasis on current income. ASGI's forward dividend yield is 12.43%, with a recent increase in monthly dividends, and plans to maintain this rate until at least May 2025. The upcoming acquisition of Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income is expected to create economies of scale and liquidity benefits.

ASGI: 12% Yield, Upcoming Changes In September

ASGI: An Underrated Fund That Should Continue To Deliver Impressive Income

I am initiating coverage of the Aberdeen Global Infrastructure Income Fund with a buy rating due to its strong construction, diversification, and performance in inflationary environments. ASGI has delivered 18.80% total returns since inception, with a forward yield of 12.59% and minimal exposure to high-risk growth companies. The fund's significant positions in industrials and utilities, particularly in the railroad and midstream energy sectors, make it well-suited for a slow-growth, high-price environment.

ASGI: An Underrated Fund That Should Continue To Deliver Impressive Income

abrdn U.S. Closed-End Funds Announce Distribution Payment Details

PHILADELPHIA, PA / ACCESSWIRE / August 30, 2024 / The abrdn U.S. Closed-End Funds (NYSE:ASGI)(NYSE:THQ)(NYSE:THW), (the "Funds" or individually the "Fund"), today announced that the Funds paid the distributions noted in the table below on August 30, 2024, on a per share basis to all shareholders of record as of August 23, 2024 (ex-dividend date August 23, 2024). Ticker Exchange Fund Amount ASGI NYSE abrdn Global Infrastructure Income Fund $0.2000 THQ NYSE abrdn Healthcare Opportunities Fund $0.1800 THW NYSE abrdn World Healthcare Fund $0.1167 Each Fund has adopted a distribution policy to provide investors with a stable distribution out of current income, supplemented by realized capital gains and, to the extent necessary, paid-in capital.

abrdn U.S. Closed-End Funds Announce Distribution Payment Details

CORRECTION BY SOURCE: abrdn Global Infrastructure Income Fund (ASGI) Announces Update and Tentative Closing Date for Acquisition of Assets From Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund

Please note the previous press release incorrectly referenced the First Trust/abrdn Global Opportunity Income Fund in the title instead of the Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund (NYSE: MFD). PHILADELPHIA, PA / ACCESSWIRE / August 23, 2024 / The Board of Trustees of abrdn Global Infrastructure Income Fund (NYSE:ASGI), announces today that shareholders of Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund (NYSE:MFD) ("MFD" or the "Acquired Fund"), advised by First Trust Advisors L.P.

CORRECTION BY SOURCE: abrdn Global Infrastructure Income Fund (ASGI) Announces Update and Tentative Closing Date for Acquisition of Assets From Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund

abrdn Global Infrastructure Income Fund (ASGI) Announces Update and Tentative Closing Date for Acquisition of Assets From First Trust/abrdn Global Opportunity Income Fund

PHILADELPHIA, PA / ACCESSWIRE / August 22, 2024 / The Board of Trustees of abrdn Global Infrastructure Income Fund (NYSE:ASGI), announces today that shareholders of Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund (NYSE:MFD) ("MFD" or the "Acquired Fund"), advised by First Trust Advisors L.P., have approved the proposed reorganization into ASGI ("Reorganization") which is expected to close at the close of business on September 20, 2024, or as soon as practicable thereafter, subject to the satisfaction of customary closing conditions.

abrdn Global Infrastructure Income Fund (ASGI) Announces Update and Tentative Closing Date for Acquisition of Assets From First Trust/abrdn Global Opportunity Income Fund

ASGI: Delivering Results While Discount Remains Attractive

abrdn Global Infrastructure Income Fund has performed well, driven by discount narrowing, but also seeing some positive underlying portfolio performance as well. Despite the discount narrowing, the ASGI fund still appears to trade at a reasonably attractive discount due to the increased managed distribution policy. The fund's managed distribution policy increase to a rolling 12% of NAV may be difficult to sustain long-term, in my opinion, but that doesn't mean performance can't still be attractive.

ASGI: Delivering Results While Discount Remains Attractive

See News Rankings

Charts implemented using Lightweight Charts™