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At close Dec 05, 2013
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.
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.
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.
Aberdeen Latin America Equity Fund Inc. Webcast Update
Nick Robinson, Aberdeen’s Head of Brazilian Equities, gives a Q2 2013 overview of the Latin America Equity Fund Inc. Nick speaks to:
- Current Fund positioning and performance
- How a China slowdown could affect the region
- Valuations within Latin America
- Why Aberdeen believes Latin America continues to benefit from strong structural characteristics
Section 16 Filings
Fund Managers’ Monthly Report
- Latin American equities rebounded in September. Improved Chinese data and the U.S. Federal
Reserve’s decision to maintain its asset purchases lifted market sentiment, but escalating concerns
over the impasse in U.S. budget negotiations pared gains at the end of the month.
- Retail sales were resilient while inflation cooled in Brazil and Mexico, easing pressure on their
respective central banks. Conversely, the 12-month inflation rate in Venezuela soared above 45%
in August, exacerbated by the weak currency and shortages of basic goods. Unemployment
improved in Brazil, remained unchanged in Chile, and worsened in Mexico.
- Mexico was battered by tropical storms that caused widespread destruction; government
authorities expect this to reduce full-year economic growth by 0.1%. In particular, the Fund’s
holding Grupo Aeroportuario del Centro Norte’s (OMA) Acapulco airport terminal suffered flood
damage, although operations have since resumed.
- In Fund-related corporate news, Brazilian miner Vale will sell a minotiry stake of its logistics
subsidiary VLI as it seeks to reduce exposure to non-core assets. Similarly, Brazilian oil company
Petrobras sold its Colombia-based non-core assets, which potentially could help to reduce
debt. Beverage maker Femsa will buy an 80% stake in fast food chain Doña Tota, which
operates in Mexico and Texas.
- In September, we added to Brazilian shoe retailer Arezzo following a period of price weakness.
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