First Trust Advisors L.P. Announces Portfolio Manager Update for First Trust/Aberdeen Global Opportunity Income Fund & First ...
First Trust Advisors L.P. (“FTA”) announced today that Aberdeen
Standard Investments Inc. (“ASII”), (formerly, Aberdeen Asset
Management Inc.), 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 advisors and investors. The update will
be available Monday, March 18, 2019, at
5:00 P.M. Eastern Time until 11:59 P.M. Eastern Time on Thursday,
April 18, 2019. To listen to the update, follow these
-- Dial: (888) 203-1112; International (719) 457-0820; and
Passcode # 4970041 and PIN # 7859. The update will be available
from Monday, March 18, 2019, at 5:00 P.M. Eastern Time until 11:59
P.M. Eastern Time on Thursday, April 18, 2019.
FAM is a diversified, closed-end management investment company
that pursues a high level of current income. As a secondary
objective, the Fund pursues 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.
The Fund may invest up to 60% of its managed assets in
non-investment grade securities.
FEO is a diversified, 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
FTA is a federally registered investment advisor and serves as
the Funds' 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 $125 billion as of February 28, 2019 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,
ASII is an indirect wholly-owned subsidiary of Standard Life
Aberdeen plc. Aberdeen Standard Investments is the brand name for
the asset management group of Standard Life Aberdeen plc, managing
approximately $735.5 billion in assets as of June 30, 2018, for a
range of pension funds, financial institutions, investment trusts,
unit trusts, offshore funds, charities and private clients. In
order to comply with applicable securities laws, Aberdeen Standard
Investments’ total firm assets under management for Q4 2018 will
not be available until financial results are released in March
Investment return and market value of an investment in the Funds
will fluctuate. Shares, when sold, may be worth more or less than
their original cost. There can be no assurance that the Funds’
investment objectives will be achieved. The Funds may not be
appropriate for all investors.
Principal Risk Factors: The Funds invest in 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 Funds invest 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 Funds invest 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 Funds invest 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 Funds’ portfolios will decline if
the Funds invest the proceeds from matured, traded or called bonds
at market interest rates that are below the Funds’ portfolios
current earnings rate. Prepayment risk is the risk that, upon a
prepayment, the actual outstanding debt on which the Funds derive
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.
Use of leverage can result in additional risk and cost, and can
magnify the effect of any losses.
The risks of investing in each 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 advisors are responsible for evaluating investment risks
independently and for exercising independent judgment in
determining whether investments are appropriate for their
The Funds’ daily New York Stock Exchange closing price and net
asset value per share as well as other related information can be
found at www.ftportfolios.com or by calling 1-800-988-5891.
version on businesswire.com: https://www.businesswire.com/news/home/20190314005867/en/
CONTACT: JEFF MARGOLIN — (630) 915-6784
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