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 equity securities and will select securities through a bottom-up process that is based upon quantitative analysis. Voya Investments, LLC is an investment adviser of the Fund.

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

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Comment by Doug2Bon Sep 04, 2016 3:54pm

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Post# 25206878

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

Kensho

Of course, but consider the following:

1. Whilst Iran may have brought its previous isolation upon itself, given the hardships created by the oil sanctions and extreme lack of domestic investment due to the sanctions, there was just no way that Iran was ever going to freeze production so soon after sanctions were lifted.

2. Iran is not a large OPEC player. What Iran does or does not do is within the roundings.

3. A reasonable approach would be to for Iran to agree to a freeze at a higher output level, somewhere between 4 and 4.5 Mb per day, it will probably take Iran a couple of years to reach 4.5Mb.

Also, do bear in mind that any OPEC freeze is a very short term arrangement. We are moving into an oil supply deficit now and we will stay there for years, by the end of next year Iran will be able to pump as much oil as it wishes.

Any OPEC action will have little or no impact upon the long term oil supply and demand equation, that is all but written in stone for the medium to long term now. Any OPEC action is simply about nudging the oil price into the $55 to $70 range a few months sooner than would otherwise be the case.

Doug

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