City of London Investment Management Co., Ltd. sold $88.1M worth of shares in Aberdeen Emerging Markets Equity Income Fund Inc. in June 2018
Jul 08, 2018
CLIM seeks to provide long-term capital growth via active management, primarily via closed-end funds. They have a value oriented investment philosophy. The first step of their investment process is the collection of relevant economic data on developed, emerging and frontier markets by the firm’s macroeconomic team. For step 2, the collated information is analyzed. Finally, at stage 3 the bottom-up selection occurs. Using a dynamic and ongoing process, the investment team reviews the recommendations made by the macroeconomic team at Stage 2, then re-ranks the asset or country allocation based upon the relative value available within the CLIM universe of securities. The firm’s investment strategies are distinctive as they capitalize on the pricing inefficiencies and discount anomalies existing in the closed-end fund sector as opposed to traditional analysis of equities, fixed income or other asset classes.
Aberdeen Emerging Markets Equity Income Fund, Inc. is a non-diversified closed-end, management investment company. The fund’s principal investment objective is to seek both current income and long-term capital appreciation by investing primarily in emerging markets equity securities. It invests its assets in Chilean equity and debt securities. The company was founded on January 30, 1989 and is headquartered in Philadelphia, PA.
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