Benefiting from the Rate Cut

12/17/2008 2:03 pm EST

Focus: ETFS

Aberdeen Asia-Pacific Income Fund Inc. (FAX) - This closed-end, non-diversified fund primarily invests in securities issued by government entities, banks, companies, and other entities in Asia, Australia, and New Zealand.

FAX fell from above $6 to almost $3 in the recent market decline. But with the cut in interest rates in the United States, the strength of foreign currencies could provide for a move from Tuesday's close of just above $4 to between $5 and $5.50.

FAX has a dividend yield of more than 10%.

By Sam Collins of

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