At close Oct 23, 2014
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.
If you require further information on any of our Closed-End Funds:
Aberdeen Latin America Equity Fund, Inc. (NYSE MKT: LAQ)
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.
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
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.
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.
Section 16 Filings
Fund Managers’ Monthly Report
Download Monthly Commentary
- 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
- 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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