Trust Asset Management Lowers stake in Aberdeen Australia Equity Fund Inc (IAF)

Aberdeen Australia Equity Fund Inc (IAF) : Trust Asset Management reduced its stake in Aberdeen Australia Equity Fund Inc by 1.79% during the most recent quarter end. The investment management company now holds a total of 207,889 shares of Aberdeen Australia Equity Fund Inc which is valued at $1,191,204 after selling 3,793 shares in Aberdeen Australia Equity Fund Inc , the firm said in a disclosure report filed with the SEC on Oct 5, 2016.Aberdeen Australia Equity Fund Inc makes up approximately 0.48% of Trust Asset Management’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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