Aberdeen Australia Equity Fund, Inc., also called Aberdeen Australia Equity Fund, is a non-diversified closed-end management investment company. The company objective is to provide long-term capital appreciation through investment primarily in equity securities of listed Australian companies. Read More Its secondary objective is current income, which is expected to be derived from dividends and interest on Australian corporate and governmental securities. The company was founded on September 30, 1985 and is headquartered in Philadelphia, PA. The listed name for IAF is Aberdeen Australia Equity Fund, Inc.