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Aberdeen Latin America Equity Fund, Inc. (NYSE AMEX: LAQ)
- (EST)
- » Closed-End Fund Center
Daily Data
At close Feb 21, 2012
| NAV | $39.18 |
| Price | $35.66 |
| Premium/Discount | -8.98% |
NAV and prices are provided by Morningstar. 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 AMEX: LAQ)
Investment Objective
The Fund seeks long-term capital appreciation by investing primarily in Latin American equity securities.
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 Managers’ Monthly Report
January 2012
- Latin American equities fell in December and underperformed the broader emerging markets asset class, owing to depreciating currencies and lower commodity prices. Argentina and Brazil were the main laggards.
- Consumer prices for November accelerated from a year earlier in Brazil, Mexico, and Chile.
- In Chile, economic activity decelerated in October because of sluggish growth in industrials and mining. Conversely, Mexico’s November purchasing managers’ index signalled renewed momentum.
- In politics, Argentine president Christina Kirchner was sworn in for a second four-year term. In Peru, intensifying social conflict resulted in a state of emergency, as well as the fall out between prime minister Lerner and president Humala. Lerner and ten other ministers unexpectedly resigned en masse after only five months in office. Market concerns that Humala might adopt more radical policies were allayed when he left the economic team intact. Read more
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