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Asia Pacific Fund Inc
Asia Pacific Fund Inc. (APF) is a publicly traded closed-end investment company that is focused on investing in equity securities of companies located in Asian Pacific countries, excluding Japan. The company's investment objective is to provide long-term capital appreciation through investment in a diversified portfolio of equity securities of Asian Pacific companies.
APF is listed on the New York Stock Exchange (NYSE) and is managed by Mathew, Timothy & Co., Inc., an investment firm that has been in operation for over 50 years. The fund has a diversified portfolio with exposure to various sectors including financials, technology, consumer discretionary, and industrials.
As of the most recent financial statements, the fund has total net assets of approximately $450 million and a market capitalization of around $350 million. The top holdings of the fund include Tencent Holdings Ltd, Alibaba Group Holding Ltd, and Taiwan Semiconductor Manufacturing Company Ltd.
It is important to note that investing in closed-end funds, such as APF, involves specific risks, such as the risk that the fund's shares may trade at a price that is more or less than the value of the fund's underlying assets, and the risk that the fund's investment strategies may not perform as expected. As with any investment, it is recommended that investors conduct their own research and due diligence before making an investment decision.