abrdn Australia Equity FundIAF
About: Aberdeen Australia Equity Fund Inc is a non-diversified closed-end investment management company. With a core focus on long-term capital appreciation, it invests predominantly in equity securities listed on the Australian Stock Exchange. Its secondary objective is current income, which it expects to derive from dividends and interest on Australian corporate and governmental securities. Its investment portfolio comprises diversified sectors that include Financials, Health Care, Materials, Information Technology, Real Estate, and other sectors.
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
57% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 7
25% more first-time investments, than exits
New positions opened: 5 | Existing positions closed: 4
11% more capital invested
Capital invested by funds: $28.2M [Q2] → $31.4M (+$3.22M) [Q3]
3% more funds holding
Funds holding: 30 [Q2] → 31 (+1) [Q3]
0.7% more ownership
Funds ownership: 24.42% [Q2] → 25.13% (+0.7%) [Q3]
Research analyst outlook
We haven’t received any recent analyst ratings for IAF.