First Trust/Abrdn Global Opportunity Income Fund (FAM)
First Trust/Abrdn Global Opportunity Income Fund operates in the Asset Management - Income industry of the Financial Services sector, headquartered in Wheaton, IL, US. The stock last traded at $6.51, down 1.06% on the session, giving a market capitalisation of $66.0M. On trailing twelve-month figures it carries a trailing P/E of 7.23, a net margin of -3498.1%. Its beta of 0.79 implies it has historically moved less than the broad market.
The First Trust/Abrdn Global Opportunity Income Fund is a closed-end investment vehicle primarily focused on fixed-income assets. First Trust Advisors L.P. is responsible for its management, with Aberdeen Asset Management Inc. serving as a co-manager. This fund strategically invests in debt markets worldwide, concentrating its portfolio on government and corporate bonds across both investment-grade and below-investment-grade categories. A core criterion for its holdings is an average credit quality rating of BBB- or higher. To gauge its performance, the fund compares itself against several benchmarks: the Barclays Capital Global Emerging Markets Index, the Barclays Capital Global Aggregate Index, and a bespoke blended index. This custom index is weighted as follows: 40% Citigroup World Government Bond Index, 30% JPMorgan Emerging Markets Bond Index – Global Diversified, and 30% JPMorgan Global Bond Index - Emerging Markets Diversified. The fund commenced operations on November 23, 2004, and is located in the United States.
First Trust/Abrdn Global Opportunity Income Fund is most often compared with the following Financial Services names: