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

At close Apr 22, 2014

NAV$32.01
Market Price$28.85
Premium/(Discount)-9.87%

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.

 
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.

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Nick Robinson

Aberdeen Latin America Equity Fund Inc. Fund Manager Interview

Nick Robinson, Head of Brazilian Equities in the Global Emerging Market Equities team at Aberdeen discusses the economic situation in Latin America over the past quarter and explains where a wealth of investment opportunities can be found.

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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.

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Fund Managers’ Monthly Report

February 2014

  • Latin American equities rose in February. Investors were cautiously optimistic after Brazil’s fourthquarter gross domestic product growth beat expectations, and the government announced efforts to meet its current account surplus target this year.
  • Conversely, Mexico’s stock market ended the month lower. Calendar-year 2013 economic growth came in at 1.1%, and the weak domestic consumption environment was reflected in our holdings’ fourth-quarter results.
  • Walmex’s same-store sales growth disappointed in Mexico, although its business in Central America performed relatively better. The company revealed lower-than-expected forecasts for expansion at its annual investor day, but outlined an improved dividend policy to ensure that cash is returned to shareholders. Femsa’s convenience store retailer Oxxo continued to perform well, while Coca-Cola Femsa was hampered by currency weakness in Latin America. We will monitor first-quarter 2014 results for the impact of Mexico’s new tax on soft drinks, but Femsa remains a core holding for the Fund despite these short-term headwinds.
  • Elsewhere, we are pleased that miner Vale continued to deliver on its plans to focus on its core business. The company had a good fourth quarter due to effective cost control and better iron ore prices. Beverage company Ambev’s results were also reassuring, as cash generation remained resilient in spite of weaker consumer sentiment.
  • There were no major changes to the Fund in February.
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