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 OptionsZone.com

Related Articles on ETFS

Keyword Image
The Omen
12/07/2017 10:50 am EST

The probability of an equity market correction over the next few months is slim to none, so there co...