#
# Aberdeen Latin America Equity Fund, Inc. (NYSE MKT: LAQ)
  (EDT)
» Closed-End Fund Center
Keep Updated
 

Daily Data

At close Jul 29, 2014

NAV$33.97
Market Price$30.73
Premium/(Discount)-9.54%

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.

 
 

Request Information

If you require further information on any of our Closed-End Funds:

 

Email Us

investorrelations@aberdeen-asset.com
 

Telephone

1-866-839-5205

 

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.

 
Fiona Manning

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
 
Fiona Manning

Latin American Equities: We believe out-of-favor markets offer long-term value

Fiona Manning speaks about the Latin American region and some of the macroeconomic effects that are impacting markets. She also speaks to the structural factors influencing Latin American companies and why recent market weakness presents Aberdeen with potential investment opportunities.

Webcast Disclaimer
 
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

May 2014

  • Latin American equities ended the month largely flat, as losses in the Brazilian stock market counterbalanced gains in Mexico and Chile.
  • First-quarter 2014 economic growth was muted in both Brazil and Mexico. The Brazilian central bank left its benchmark interest rate unchanged at 11%, ending a series of consecutive hikes that began in April 2013.
  • Brazilian banking stocks experienced a relief rally after the country’s Supreme Court postponed judgment on a case regarding the interest rate on savings accounts. A ruling against the banks could result in billions of dollars of liabilities for the sector, potentially affecting our holdings Banco Bradesco and Itau Unibanco. The trial is expected to resume after the presidential elections.
  • Vale’s iron ore shipments increased in April, as a rise in exports compensated for a fall in domestic volumes. Separately, the Brazilian miner will be allowed to restart its nickel plant in New Caledonia, three weeks after operations were suspended following an acid solution spill. Despite the positive news, the company’s stock price was hit by a sharp decline in iron ore prices.
  • In May, we added to the Fund’s positions in construction and real estate company Grana y Montero and apparel retailer Arezzo given their attractive valuations, in our opinion, as well as our increased confidence in their respective businesses. We also added to holdings in beverage maker Ambev, as we believe that its shares were oversold on investors’ concerns about the potential impact of higher excise taxes.

* The MSCI Brazil Index measure the performance of the large- and mid-cap segments of the Brazilian market. With 75 constituents, the Index covers about 85% of the Brazilian equity universe.

Download Monthly Commentary
 
Download Monthly Factsheet
 
Sign Up

To receive this, or any other monthly fund factsheet directly in your inbox, sign up for our email services.

 
Section 16 Filings
 
Useful Links