This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Aberdeen Israel Fund, Inc. Announces Termination Of Sub-Adviser













PHILADELPHIA, Dec. 7, 2011 /PRNewswire/ -- The Aberdeen Israel Fund, Inc. (the "Fund") (NYSE AMEX: ISL) and Aberdeen Asset Management Investment Services Limited (the "Adviser" and together with its affiliates "Aberdeen") announce the termination of the Sub-Advisory Agreement with Analyst Exchange and Trading Services, Ltd. with effect from February 4, 2012.

Aberdeen's investment philosophy with respect to equity investing is based on the belief that strong long term returns are achieved by identifying and buying good quality stocks at reasonable valuations and holding them for the long term. Aberdeen identifies good companies from rigorous first hand research with intensive on-going scrutiny at the company level.  Since taking over as Adviser to the Fund in July 2009, Aberdeen has continued to develop research coverage in the Israeli region and now has appropriate resources and expertise to manage the Fund without the assistance of Analyst as sub-adviser going forward. 

The Fund's investment objective, primary investment strategies, primary risks and management expenses will not change as a result of the termination of the sub-adviser.



Important Information

Closed-end funds have a one-time initial public offering and then are subsequently traded on the secondary market through one of the stock exchanges. The investment return and principal value will fluctuate so that an investor's shares may be worth more or less than the original cost. Shares of closed-end funds may trade above (a premium) or below (a discount) the net asset value (NAV) of the fund's portfolio. There is no assurance that a fund will achieve its investment objective. Past performance does not guarantee future results.

International investing entails special risk considerations, including currency fluctuations, lower liquidity, economic and political risks, and differences in accounting methods.  Since the Fund focuses on companies involved in telecommunications and infrastructure, an investment in the Fund may involve a greater degree of risk than an investment in other funds that seek capital appreciation by investing in a broader mix of issuers.   

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
SYM TRADE IT LAST %CHG

Markets

DOW 18,254.82 -30.92 -0.17%
S&P 500 2,128.86 -1.96 -0.09%
NASDAQ 5,095.4680 +4.6740 0.09%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs