Aberdeen Australia Equity Fund Inc. is a closed-ended equity mutual fund launched by Aberdeen Asset Management Asia Limited. The fund is managed by Aberdeen Asset Management Limited. It invests in the public equity markets of Australia. The fund makes its investments in firms operating across diversified industries including metals and minerals, natural resources, construction, electronics, food, appliances and household goods, transport, tourism, media, and financial institutions. It considers factors such as growth prospects, competitive positions in domestic and export markets, technology, research and development, productivity, labor and raw material costs, profit margins, return on investment, capital resources, quality of management, and government regulation for selecting individual securities. The fund benchmarks the performance of its portfolio against the S&P/ASX 200. Aberdeen Australia Equity Fund Inc. was formed in December 19, 1985 and is domiciled in New Jersey.