Voya Asia Pacific High Dividend Equity Income Fund T.IAE

Primary Symbol: IAE

Voya Asia Pacific High Dividend Equity Income Fund (the Fund) is a diversified, closed-end management investment company. The Fund’s investment objective is total return through a combination of current income, capital gains and capital appreciation. The Fund seeks to achieve its investment objective by investing primarily in a portfolio of dividend yielding equity securities of Asia Pacific companies. The Fund will seek to achieve its investment objective by investing at least 80% of its managed assets in dividend producing equity securities of, or derivatives having economic characteristics similar to the equity securities of Asia Pacific Companies that are listed and traded principally on Asia Pacific exchanges. The Fund will invest in approximately 60-120 equity securities and will select securities through a bottom-up process that is based upon quantitative screening and fundamental analysis. Voya Investments, LLC is an investment adviser of the Fund.

NYSE:IAE - Post by User

Voya Asia Pacific High Dividend Equity Income Fund > Putin - deal to allow Iran's pre-sanction output objective

<< Previous

Bullboard Posts

Next >>

Post by Doug2Bon Sep 03, 2016 4:28am

203 Views

Post# 25205242

Putin - deal to allow Iran's pre-sanction output objective

Russian President Vladimir Putin has called for the world’s largest oil producers to freeze the flow of oil into the oversupplied global market, but said Iran should be offered an exemption as it recovers from years of sanctions.

Mr Putin’s call for market intervention comes ahead of an informal meeting of energy ministers later this month, including the Organisation of Petroleum Exporting Countries (Opec) and Russia, the world’s third largest oil producer.

“I would very much like to hope that every participant of this market that’s interested in maintaining stable and fair global energy prices will in the end make the necessary decision,” Mr Putin said in an interview with Bloomberg in Vladivostok.

This is the right decision for world energyRussian President Vladimir Putin

ADVERTISING

The talks will be Opec's second attempt since the oil market crash to agree a deal to freeze supply. But negotiations are complicated by the defiance of Iran, which is eager to reclaim its share within the global oil market after years of sanctions that hindered its growth.

Mr Putin has come out in defence of Iran, saying the country should be allowed to boost its oil output - but that a deal for the rest of the cartel should be possible with Russia’s co-operation.

“Iran is starting from a very low position, connected with the well-known sanctions in relation to this country. It would be unfair to leave it on this sanctioned level,” he said.

“From the viewpoint of economic sense and logic, then it would be correct to find some sort of compromise.

“I am confident that everyone understands that. We believe that this is the right decision for world energy,” he added.

Mr Putin also hinted that without a deal Russia’s oil output could rise.

“The oil companies, they are continuing to invest. Our oil output is increasing,” he said.

Saudi Defense Minister and Deputy Crown Prince Mohammed bin Salman — Saudi Deputy Crown Prince Mohammed bin Salman has previously opposed an oil freeze deal that doesn't include Iran CREDIT: FAYEZ NURELDINE/AFP PHOTO / FAYEZ NURELDINEFAYEZ NURELDINE/AFP/GETTY IMAGES

Oil prices have struggled to push beyond the $50 a barrel mark this year after a crippling oversupply in the global market pushed prices to lows of $28 a barrel in January.

As a result major oil producing countries have taken a heavy economic hit. A meeting in Doha in April to agree curbs on supply broke up without a deal after Prince bin Salman insisted on Iran’s participation.

“Our Saudi partners at the last moment changed their view," Mr Putin said. "We didn’t reject the idea of freezing output. Our position hasn’t changed."

He nonetheless referred to the Saudi prince as “a very reliable partner with whom you can reach agreements, and can be certain that those agreements will be honored”.