Abrdn Australia Equity Fund Inc

Abrdn Australia Equity Fund Incverified

IAF

Price:

$4.505

Market Cap:

$119.91M

Abrdn Australia Equity Fund Inc is a closed ended equity mutual fund launched and managed by Aberdeen Standard Investments (Asia) Limited. The fund is managed by Aberdeen Standard Investments Australia Limited. It invests in the public equity markets of Australia. The fund makes its investments in firms operating across diversified sectors. It employs fundamental analysis with a bottom-up and top-down stock picking approach with focus on factors like growth prospects, competitive positions in domestic and export markets, technology, research and development, productivity, labor and raw material costs, profit margins, return on investment, capital resources, quality of management, and governm...[Read more]

Industry

Asset Management

IPO Date

1985-12-16

Stock Exchange

NYSE

Ticker

IAF

The ROE as of November 2024 (TTM) for Abrdn Australia Equity Fund Inc (IAF) is 3.70%

According to Abrdn Australia Equity Fund Inc’s latest financial reports and current stock price. The company's current ROE is 3.70%. This represents a change of -21.83% compared to the average of 4.73% of the last 4 quarters.

Abrdn Australia Equity Fund Inc (IAF) Historical ROE (quarterly & annually)

How has IAF ROE performed in the past?

The mean historical ROE of Abrdn Australia Equity Fund Inc over the last ten years is 1.49%. The current 3.70% ROE has changed 147.74% with respect to the historical average. Over the past ten years (40 quarters), IAF's ROE was at its highest in in the April 2021 quarter at 21.49%. The ROE was at its lowest in in the April 2020 quarter at -20.53%.

Quarterly (TTM)
Annual

Average

1.49%

Median

-0.02%

Minimum

-24.46%

Maximum

28.55%

Abrdn Australia Equity Fund Inc (IAF) ROE by Quarter and Year

Discovering the peaks and valleys of Abrdn Australia Equity Fund Inc ROE, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 601.72%

Maximum Annual ROE = 28.55%

Minimum Annual Increase = -2062.35%

Minimum Annual ROE = -24.46%

Quarterly (TTM)
Annual
YearROEChange
20231.42%-105.82%
2022-24.46%-185.68%
202128.55%-2062.35%
2020-1.45%-109.97%
201914.58%-432.66%
2018-4.38%-129.75%
201714.74%65.68%
20168.89%-144.27%
2015-20.09%601.72%
2014-2.86%-157.19%

Abrdn Australia Equity Fund Inc (IAF) Average ROE

How has IAF ROE performed in the past?

The current ROE of Abrdn Australia Equity Fund Inc (IAF) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

1.84%

5-year avg

3.73%

10-year avg

1.49%

Abrdn Australia Equity Fund Inc (IAF) ROE vs. Peers

How is IAF’s ROE compared to its peers?

Abrdn Australia Equity Fund Inc’s ROE is less than Abrdn Asia-Pacific Income Fund Inc (2.35%), greater than Virtus Stone Harbor Emerging Markets Total Income Fund (-26.23%), less than Abrdn Japan Equity Fund Inc (11.80%), less than Virtus Stone Harbor Emerging Markets Income Fund (29.73%), less than Tortoise Pipeline & Energy Fund, Inc. (32.09%), greater than Invesco High Income 2023 Target Term Fund (-2.88%), less than ClearBridge MLP and Midstream Total Return Fund Inc. (30.84%), less than Nuveen Multi-Market Income Fund (17.37%), greater than First Trust Dynamic Europe Equity Income Fund (-11.03%), greater than The New Germany Fund, Inc. (-6.48%), less than Eagle Point Income Company Inc. (25.67%), less than Western Asset High Yield Defined Opportunity Fund Inc. (12.19%), less than Nuveen New York Municipal Value Fund (6.57%), less than The European Equity Fund, Inc. (10.17%), less than MFS Charter Income Trust (9.48%), less than The Central and Eastern Europe Fund, Inc. (27.28%), less than Fiera Capital Corporation (21.21%),

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