Attached files
PRESS RELEASE SOURCE: First Trust Advisors L.P.
FIRST TRUST ADVISORS L.P. ANNOUNCES PORTFOLIO MANAGER UPDATE FOR FIRST
TRUST/ABERDEEN GLOBAL OPPORTUNITY INCOME FUND AND FIRST TRUST/ABERDEEN EMERGING
OPPORTUNITY FUND
WHEATON, IL -- (BUSINESS WIRE) -- September 12, 2017 -- First Trust Advisors
L.P. ("FTA") announced today that Aberdeen Asset Management Inc. ("Aberdeen"),
investment sub-advisor for First Trust/Aberdeen Global Opportunity Income Fund
(NYSE: FAM) and First Trust/Aberdeen Emerging Opportunity Fund (NYSE: FEO) (each
a "Fund" or collectively, the "Funds"), will release an update on the market and
the Funds for financial advisors and investors. The update will be available
THURSDAY, SEPTEMBER 14, 2017, AT 5:00 P.M. EASTERN TIME UNTIL 11:59 P.M. EASTERN
TIME ON FRIDAY, OCTOBER 13, 2017. To listen to the update, follow these
instructions:
-- Dial: (888) 203-1112; International (719) 457-0820; and Passcode #
1815868. The update will be available from Thursday, September 14, 2017,
at 5:00 P.M. Eastern Time until 11:59 P.M. Eastern Time on Friday,
October 13, 2017.
FAM is a diversified, closed-end management investment company that pursues a
high level of current income. As a secondary objective, the Fund pursues capital
appreciation. The Fund pursues these investment objectives by investing in the
world bond markets through a diversified portfolio of investment grade and
below-investment grade government and corporate debt securities. The Fund may
invest up to 60% of its managed assets in non-investment grade securities.
FEO is a diversified, closed-end management investment company that seeks to
provide a high level of total return. The Fund seeks to achieve its investment
objective by investing at least 80% of its managed assets in a diversified
portfolio of equity and fixed-income securities of issuers in emerging market
countries.
First Trust Advisors L.P., the Funds' investment advisor, along with its
affiliate, First Trust Portfolios L.P., are privately-held companies which
provide a variety of investment services, including asset management and
financial advisory services, with collective assets under management or
supervision of approximately $109 billion as of August 31, 2017 through unit
investment trusts, exchange-traded funds, closed-end funds, mutual funds and
separate managed accounts.
Aberdeen Asset Management Inc. serves as the Fund's investment sub-advisor (the
"Sub-Advisor"). The Sub-Advisor is a wholly owned subsidiary of Aberdeen Asset
Management PLC ("Aberdeen PLC"). The merger of Standard Life plc and Aberdeen
PLC, announced on March 6, 2017 ("Merger"), closed on August 14, 2017. Aberdeen
PLC became a direct subsidiary of Standard Life plc as a result of the Merger
and the combined company changed its name to Standard Life Aberdeen plc.
Shareholders of the Fund are not required to take any action as a result of the
Merger. Following the Merger, the Sub-Advisor is an indirect subsidiary of
Standard Life Aberdeen plc, but otherwise did not change. The investment
sub-advisory agreement for the Fund, the services provided under the agreement,
and the fees charged for services did not change as a result of the Merger. The
portfolio management team of the Sub-Advisor for the Fund did not change as a
result of the Merger.
Investment return and market value of an investment in the Funds will fluctuate.
Shares, when sold, may be worth more or less than their original cost.
Principal Risk Factors: The Funds invest in equity and debt securities of
non-U.S. issuers which are subject to higher volatility than securities of U.S.
issuers. Risks may be heightened for securities of companies located in, or with
significant operations in, emerging market countries. Because the Funds invest
in non-U.S. securities, you may lose money if the local currency of a non-U.S.
market depreciates against the U.S. dollar.
The debt securities in which the Funds invest are subject to certain risks,
including issuer risk, reinvestment risk, prepayment risk, credit risk, and
interest rate risk. Issuer risk is the risk that the value of fixed-income
securities may decline for a number of reasons which directly relate to the
issuer. Reinvestment risk is the risk that income from the Funds' portfolios
will decline if the Funds invest the proceeds from matured, traded or called
bonds at market interest rates that are below the Funds' portfolios current
earnings rate. Prepayment risk is the risk that, upon a prepayment, the actual
outstanding debt on which the Funds derive interest income will be reduced.
Credit risk is the risk that an issuer of a security will be unable or unwilling
to make dividend, interest and/or principal payments when due and that the value
of a security may decline as a result. Interest rate risk is the risk that
fixed-income securities will decline in value because of changes in market
interest rates.
The Funds invest in non-investment grade debt instruments, commonly referred to
as "high-yield securities". High yield securities are subject to greater market
fluctuations and risk of loss than securities with higher ratings. Lower-quality
debt tends to be less liquid than higher-quality debt.
Use of leverage can result in additional risk and cost, and can magnify the
effect of any losses.
The information presented is not intended to constitute an investment
recommendation for, or advice to, any specific person. By providing this
information, First Trust is not undertaking to give advice in any fiduciary
capacity within the meaning of ERISA and the Internal Revenue Code. First Trust
has no knowledge of and has not been provided any information regarding any
investor. Financial advisors must determine whether particular investments are
appropriate for their clients. First Trust believes the financial advisor is a
fiduciary, is capable of evaluating investment risks independently and is
responsible for exercising independent judgment with respect to its retirement
plan clients.
The risks of investing in each Fund are spelled out in the shareholder reports
and other regulatory filings.
Each Fund's daily closing price and net asset value per share as well as other
information can be found at www.ftportfolios.com or by calling (800) 988-5891.
CONTACT: JEFF MARGOLIN -- (630) 915-6784
----------------------------
Source: First Trust Advisors L.P.
