David Dittman is no longer with Investing Daily.
Aberdeen Asia-Pacific Income Fund (NYSE: FAX)—our Portfolio’s sole closed-end fund—is tightly tied to the Australian dollar and Asia-Pacific growth.It’s been a tough road on both of those counts, but at its current level, the fund offers both good value and an impressive yield.Opening the DoorAsian fixed-income markets have evolved in… Read More
China is Australia’s largest trading partner, and China’s economy is slowing. At a 7% annualized growth in gross domestic product (GDP) reported for this year’s first quarter, most countries would trade with China in a heartbeat. That growth rate is down from 7.3% in 2014’s fourth quarter, but on the… Read More
A combination of falling metallurgical coal prices and a high cash-burn rate make a dividend cut at Teck Resources Ltd. (TSX: TCK/B, NYSE: TCK) inevitable.It was a not-so-large leap to conclude that the current semiannual CAD0.45-per-share payout rate was in danger when management noted at its recent investor day that… Read More