AEF: Emerging Market Ex-China Exposure With 9% Yield And 10% Discount

abrdn Emerging Markets ex-China Fund offers diversified emerging market equity exposure, excluding China, with a forward yield of 9.11% and a -10.3% discount. The fund is concentrated in Taiwan, India, and South Korea (66% of assets) and uses moderate leverage, with top holdings like TSMC at 16%. AEF has a mixed performance record but delivered a strong 50% return in 2025, outperforming the S&P 500. Its managed distribution policy now pays out 10% of NAV yearly, raising some sustainability concerns.

Seeking Alpha • Feb 8, 2026

abrdn Emerging Markets ex-China Fund Q4 2025 Commentary

abrdn Emerging Markets ex-China Fund rose by 10.62% over the quarter, outpacing the benchmark by 31 basis points. In Taiwan, the AI-driven tech rally continued, lifting local tech stocks that are at the epicentre of the US AI infrastructure buildout. Stock selection was positive. We added South African technology conglomerate Naspers and global miner Rio Tinto over the quarter, given their attractive prospects.

Seeking Alpha • Jan 30, 2026

ABERDEEN INVESTMENTS U.S. CLOSED-END FUNDS ANNOUNCE DISTRIBUTION PAYMENT DETAILS

PHILADELPHIA, Dec. 9, 2025 /PRNewswire/ -- The following Aberdeen Investments U.S. Closed-End Funds (NYSE: ACP, AGD, AOD, ASGI, AWP, THQ, THW and NYSE American: AEF, FAX, FCO, VFL), announced today that the closed end funds in the chart directly below will pay the distributions indicated on a per share basis on January 12, 2026 to all shareholders of record as of December 31, 2025 (ex-dividend date December 31, 2025).

PRNewsWire • Dec 9, 2025

AEF: Diversification Limitations Despite Avoiding China

The abrdn Emerging Markets ex-China Fund offers exposure to emerging markets outside China, managing over $300 million in assets. AEF's high net expense ratio of 1.22% is offset by a strong 9.51% NAV distribution yield and a current 11% discount to NAV. The fund tracks the MSCI Emerging Markets Ex. China Index, focusing on blue-chip names like TSMC and Samsung, with heavy IT sector exposure.

Seeking Alpha • Nov 21, 2025

AEF: Name Change, Investment Policy Change, And Tender Offers

AEF offers unique emerging markets exposure excluding China, with policy changes and a new benchmark tied to a conditional tender offer. Activist pressure has led to tender offers and a higher distribution yield, narrowing the fund's discount but raising questions on potential sustainability. Given the efforts of the fund to narrow the discount, it has worked to some degree, but that can also make it less appealing for a new investor today.

Seeking Alpha • Aug 20, 2025

abrdn Emerging Markets Ex-China Fund, Inc. (AEF) Announces Distribution Payment Details

PHILADELPHIA, PA / ACCESS Newswire / March 11, 2025 / abrdn Emerging Markets ex-China Fund, Inc. (NYSE American:AEF), (the "Fund"), a closed-end fund, announced today details of the first distribution under the increased 10% rate. The Fund will pay the $0.15 distribution indicated on a per share basis on March 31, 2025, to all shareholders of record as of March 25, 2025 (ex-dividend date March 25, 2025).

Accesswire • Mar 11, 2025

abrdn Emerging Markets Ex-China Fund, Inc. (AEF) Announces Final Results of Cash Tender Offer

PHILADELPHIA, PA / ACCESS Newswire / February 25, 2025 / abrdn Emerging Markets Equity ex-China Fund, Inc. (formerly, abrdn Emerging Markets Equity Income Fund, Inc.) (NYSE American:AEF), announced today the final results of its cash tender for up to 10,150,355 shares, representing approximately 20% of the Fund's outstanding shares. The offer expired at 5:00 p.m.

Accesswire • Feb 25, 2025

abrdn Emerging Markets Equity Income Fund, Inc. (AEF) Announces Expiration And Preliminary Results Of Cash Tender Offer

PHILADELPHIA, PA / ACCESS Newswire / February 21, 2025 / abrdn Emerging Markets Equity Income Fund, Inc. (NYSE American:AEF), a non-diversified closed-end fund, announces today the preliminary results of its cash tender for up to 10,150,355 shares, representing approximately 20% of the Fund's outstanding shares. The offer expired at 5:00 p.m.

Accesswire • Feb 21, 2025

AEF: An Upcoming Tender Offer And Distribution Increase For This Emerging Markets Equity Fund

The abrdn Emerging Markets Equity Income Fund is shifting to an "ex-China" strategy, aiming to align with investor sentiment and reduce exposure to Chinese equities. The fund's new policies include a 20% tender offer, a performance-based tender offer policy, and an increased distribution rate from 6.5% to 10%. Despite these changes, the fund's historical performance has been underwhelming, and I remain skeptical about its ability to outperform low-fee ETFs like the Schwab Emerging Markets Equity ETF.

Seeking Alpha • Feb 4, 2025

abrdn Emerging Markets Equity Income Fund, Inc. (AEF) Announces Commencement of a Cash Tender Offer

PHILADELPHIA, PA / ACCESS Newswire / January 21, 2025 / abrdn Emerging Markets Equity Income Fund, Inc. (NYSE American:AEF), a non-diversified closed-end fund, announced today the commencement of the previously announced cash tender offer to purchase up to 10,150,355 shares, representing approximately 20% of the Fund's outstanding shares, at a price per share equal to 98% of the Fund's net asset value ("NAV") per share as determined by the Fund on the next business day immediately following the day the tender expires. The offer commences at 12:01 am, January 21, 2025, and will expire at 5:00 p.m.

Accesswire • Jan 21, 2025