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# Aberdeen Latin America Equity Fund, Inc. (NYSE MKT: LAQ)
  (EDT)
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Daily Data

At close Oct 23, 2014

NAV$28.21
Market Price$26.04
Premium/(Discount)-7.69%

The NAV information is provided by the Fund's accounting agent. The price is as reported by the exchange on which the Fund trades. This information is unaudited and neither Aberdeen Asset Management PLC, its wholly owned subsidiaries, the Funds, nor any other person guarantees their accuracy.

 
 

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Aberdeen Latin America Equity Fund, Inc. (NYSE MKT: LAQ)

Investment Objective

The Fund seeks long-term capital appreciation by investing primarily in Latin American equity securities.

For more detailed information on the specific risks associated with this fund, please view the Important Risk Considerations tab.

Investment Policies

It is the policy of the Fund to invest its assets in Latin American equity securities. For these purposes, “Latin American equity securities” are equity securities of companies organized in a country in Latin America or for which the principal trading market is in Latin America.

The information contained above provides only a brief summary description of the Fund's investment objective and investment policies.

 
 
Fund Manager Interview

Fund Manager Interview

Fiona Manning, Senior Investment Manager on the Global Emerging Market Equities team at Aberdeen, discusses Latin America and explains why this region provides a wealth of interesting investment opportunities.

View now

 
Why Latin American Equity

Why Latin American Equity

In this installment of our “Reasons Why” series, learn about why we believe Latin American equities are an asset class with a promising future and discover how Aberdeen is positioned to potentially take advantage of this bourgeoning region.

View Infograph

 
 
 

Fund Managers’ Monthly Report

August 2014

  • Latin American equities rose in August, outperforming the broader emerging markets. Brazil led the gains on rising expectations that President Dilma Rousseff could lose her re-election bid. Recent voter polls showed that Marina Silva, who entered the presidential race after the death of her running mate Eduardo Campos, might win a second-round election runoff between Rousseff and her.
  • Mexico’s gross domestic product (GDP) grew by more than forecast in the second quarter, after a rebound in the U.S. lifted exports. Investor sentiment was also lifted by the signing of the energy reform into law. Authorities expect that it will attract US$50.5 billion in new private and foreign investments by 2018.
  • In Fund-related corporate news, airport operators Asur and OMA continued to benefit from healthy passenger numbers. Asur saw higher international traffic, whereas OMA posted good growth in domestic travellers. Petrobras achieved solid production growth in July, led by domestic crude output. Conversely, its quarterly results remained muted, owing to weakness in its refining business and high debt levels. Port operator Wilson Sons was hampered by the poor performance of its shipyard and logistic businesses; however, we think the company’s fundamentals remain sound, and growth prospects are still upbeat.
  • In August, we pared the Fund’s holding in Petrobras after a run-up in its share price. Conversely, we added to the position in engery company Ultrapar following a period of share price weakness.
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