PHILADELPHIA, Aug. 23, 2012 /PRNewswire/ -- Aberdeen Asia-Pacific Income Fund, Inc. (NYSE MKT: FAX) was featured in Morningstar's most recent closed-end fund weekly newsletter, which noted that it is one of only five closed-end funds with a Gold rating*, out of a universe of 106 rated U.S. closed-end funds.
In bestowing the Gold rating on FAX, Morningstar research analyst, Steven Pikelny, writes, " FAX is the only closed-end fund that provides investors with an avenue to the difficult-to-reach debt markets of developing Asian nations as well as Australia."
Morningstar notes, " Aberdeen portfolio managers don't just conduct regional and sector research by sitting at a computer...managers visit target countries to meet with central bankers, finance minister, and corporate managers."
The full Morningstar weekly article and Aberdeen Asia-Pacific Income Fund's Morningstar Research Report are available using these links:Read Morningstar Weekly Article at Morningstar.com Read Morningstar's Research Report with Gold Rating for Aberdeen Asia-Pacific Income Fund More than two decades of experience in Asia "Aberdeen now has over two decades of on-the-ground experience in Asia," says Anthony Michael, head of Asia-Pacific fixed income desk for Aberdeen. "As investors around the world look to the growth potential and attractive yields of the Asian sovereign bond markets, a first-hand perspective and local research is particularly important to keeping close tabs on the region's fast-growing economies, and their social and political developments." *The Analyst Rating is based on the fund analyst's conviction in the fund's ability to outperform its peer group and / or relevant benchmark on a risk-adjusted basis over the long-term. If a fund receives a positive rating of Gold, Silver, or Bronze, it means Morningstar analysts think highly of the fund and expect it to outperform over a full market cycle of at least five years. The Analyst Rating is not a market call, and it is not meant to replace investors' due diligence process. It cannot assess whether a fund is the right fit for a particular portfolio and risk tolerance. It is intended to supplement investors' and advisors' own work on funds and, along with written analysis, provide forward-looking perspective into a fund's abilities.