First Trust Advisors L.P. Announces Portfolio Manager Update for First Trust/Aberdeen Global Opportunity Income Fund and First Trust/Aberdeen Emerging Opportunity Fund
September 20 2021 - 4:30PM
Business Wire
First Trust Advisors L.P. ("FTA") announced today that Aberdeen
Standard Investments Inc. ("Aberdeen"), investment sub-advisor for
First Trust/Aberdeen Global Opportunity Income Fund (NYSE: FAM) and
First Trust/Aberdeen Emerging Opportunity Fund (NYSE: FEO) (each a
"Fund" or collectively, the "Funds"), will release an update on the
market and the Funds for financial professionals and investors. The
update will be available Wednesday,
September 22, 2021, at 5:00 P.M. Eastern Time until 11:59 P.M.
Eastern Time on Friday, October 22, 2021. To listen to
the update, follow these instructions:
- Dial: 888-203-1112; International 719-457-0820; and Passcode
#3887617. The update will be available from Wednesday, September
22, 2021, at 5:00 P.M. Eastern Time until 11:59 P.M. Eastern Time
on Friday, October 22, 2021.
FAM is a diversified, closed-end management investment company
that seeks to provide a high level of current income. As a
secondary objective, the Fund seeks capital appreciation. The Fund
pursues these investment objectives by investing in the world bond
markets through a diversified portfolio of investment grade and
below-investment grade government and corporate debt
securities.
FEO is a closed-end management investment company that seeks to
provide a high level of total return. The Fund seeks to achieve its
investment objective by investing at least 80% of its managed
assets in a diversified portfolio of equity and fixed-income
securities of issuers in emerging market countries.
FTA is a federally registered investment advisor and serves as
the Fund's investment advisor. FTA and its affiliate First Trust
Portfolios L.P. ("FTP"), a FINRA registered broker-dealer, are
privately-held companies that provide a variety of investment
services. FTA has collective assets under management or supervision
of approximately $213 billion as of August 31, 2021 through unit
investment trusts, exchange-traded funds, closed-end funds, mutual
funds and separate managed accounts. FTA is the supervisor of the
First Trust unit investment trusts, while FTP is the sponsor. FTP
is also a distributor of mutual fund shares and exchange-traded
fund creation units. FTA and FTP are based in Wheaton,
Illinois.
Aberdeen Standard Investments Inc. ("ASII") serves as the Fund's
investment sub-advisor. ASII is an indirect wholly-owned subsidiary
of abrdn plc, formerly Standard Life Aberdeen plc. Aberdeen
Standard Investments is the brand name for the asset management
group of abrdn plc, managing approximately $630.74 billion in
assets as of June 30, 2021, for a range of pension funds, financial
institutions, investment trusts, unit trusts, offshore funds,
charities and private clients.
Past performance is no assurance of future results. Investment
return and market value of an investment in the Fund will
fluctuate. Shares, when sold, may be worth more or less than their
original cost. There can be no assurance that the Fund’s investment
objectives will be achieved. The Fund may not be appropriate for
all investors.
Principal Risk Factors: Securities held by a fund, as well as
shares of a fund itself, are subject to market fluctuations caused
by factors such as general economic conditions, political events,
regulatory or market developments, changes in interest rates and
perceived trends in securities prices. Shares of a fund could
decline in value or underperform other investments as a result of
the risk of loss associated with these market fluctuations. In
addition, local, regional or global events such as war, acts of
terrorism, spread of infectious diseases or other public health
issues, recessions, or other events could have a significant
negative impact on a fund and its investments. Such events may
affect certain geographic regions, countries, sectors and
industries more significantly than others. The outbreak of the
respiratory disease designated as COVID-19 in December 2019 has
caused significant volatility and declines in global financial
markets, which have caused losses for investors. While the
development of vaccines has slowed the spread of the virus and
allowed for the resumption of "reasonably" normal business activity
in the United States, many countries continue to impose lockdown
measures in an attempt to slow the spread. Additionally, there is
no guarantee that vaccines will be effective against emerging
variants of the disease.
The Fund invests in equity and debt securities of non-U.S.
issuers which are subject to higher volatility than securities of
U.S. issuers. Risks may be heightened for securities of companies
located in, or with significant operations in, emerging market
countries. Because the Fund invests in non-U.S. securities, you may
lose money if the local currency of a non-U.S. market depreciates
against the U.S. dollar.
The Fund invests in non-investment grade debt instruments,
commonly referred to as "high-yield securities". High-yield
securities are subject to greater market fluctuations and risk of
loss than securities with higher ratings. Lower-quality debt tends
to be less liquid than higher-quality debt.
The debt securities in which the Fund invests are subject to
certain risks, including issuer risk, reinvestment risk, prepayment
risk, credit risk, and interest rate risk. Issuer risk is the risk
that the value of fixed-income securities may decline for a number
of reasons which directly relate to the issuer. Reinvestment risk
is the risk that income from the Fund's portfolio will decline if
the Fund invests the proceeds from matured, traded or called bonds
at market interest rates that are below the Fund portfolio's
current earnings rate. Prepayment risk is the risk that, upon a
prepayment, the actual outstanding debt on which the Fund derives
interest income will be reduced. Credit risk is the risk that an
issuer of a security will be unable or unwilling to make dividend,
interest and/or principal payments when due and that the value of a
security may decline as a result. Interest rate risk is the risk
that fixed-income securities will decline in value because of
changes in market interest rates.
Forward foreign currency exchange contracts involve certain
risks, including the risk of failure of the counterparty to perform
its obligations under the contract and the risk that the use of
forward contracts may not serve as a complete hedge because of an
imperfect correlation between movements in the prices of the
contracts and the prices of the currencies hedged.
Use of leverage can result in additional risk and cost, and can
magnify the effect of any losses.
The risks of investing in the Fund are spelled out in the
prospectus, shareholder reports, and other regulatory filings.
The information presented is not intended to constitute an
investment recommendation for, or advice to, any specific person.
By providing this information, First Trust is not undertaking to
give advice in any fiduciary capacity within the meaning of ERISA,
the Internal Revenue Code or any other regulatory framework.
Financial professionals are responsible for evaluating investment
risks independently and for exercising independent judgment in
determining whether investments are appropriate for their
clients.
The Fund’s daily closing New York Stock Exchange price and net
asset value per share as well as other information can be found at
www.ftportfolios.com or by calling 1-800-988-5891.
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JEFF MARGOLIN — (630) 915-6784
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