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
Insider Transactions
Background Information
CoL is an active, value-oriented emerging markets equity manager which seeks to provide long-term capital growth through active country asset allocation and stock selection in emerging markets.The firm's key objective is to provide above average, long-term outperformance versus the appropriate funds' emerging market benchmark with lower risk than the benchmark index and their peer group.CoL follows a top-down approach to country asset allocation overlaid with a pure value approach to stock selection. Their investment strategy differs from that of a traditional manager in that they capitalize on the identifiable inefficiencies which closed-end funds offer, generating excess return by purchasing closed-end funds at a discount to NAV.
Aberdeen Emerging Markets Equity Income Fund, Inc. is a non-diversified closed-end, management investment company. It invests its assets in Chilean equity and debt securities. The company was founded on January 30, 1989 and is headquartered in Philadelphia, PA.