FAX

A Safe ETF With a 5%-Plus Yield

AberdeenAsia-Pacific Income Fund (AMEX: FAX ) - The Australian dollar is usually bought when traders are optimistic about global stocks and commodities. This fund holds both Asian and Australian debt securities, but currently invests over 80% in Asian debt securities. The dividend yield is 5.5%.

Note the strong buy from the stochastic indicator in mid-June, which preceded the run from $7.20 to over $7.80. The smallU.S.holdings make this ETF an excellent hedge against a further decline in the U.S. dollar. The recent pullback offers investors an attractive opportunity in an uncertain investment world. The target for FAX is $9 before the end of this year.

Trade of the Day -- Aberdeen Asia-Pacific Income Fund (AMEX:FAX)Trade of the Day Chart Key

See Sam Collins' Daily Market Outlook: Go Against the Crowd of Sellers See Serge Berger's Daily Market Outlook: Why You May Want to Wait to Go Long See See Serge Berger's Trade of the Day: Regal Entertainment Stock Could Be a Hit

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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