Risk Warning
The value of investments and the income from them may go down as well as up and investors may get back less than the amount invested. The tax benefits relating to ISA investments may not be maintained. Please refer to the Key Facts documents contained in the ISA/Share Plan Brochure & Application form for general and specific investment risks attaching to the individual trusts.
Read the detailed Risk WarningPast Performance
Past performance is no guide to future performance.
See latest monthly factsheet below for performance history.
Daily Data
At close 21-Feb-2012
Ord| Price | 104.63p |
| NAV | 105.27p |
| Prem/-Disc | -0.61% |
Subscription Shares
| Price | 10.38p |
Source: Morningstar
NAV = Net Asset Value
Literature
Trust Details
Aberdeen Latin American Income Fund Limited
Registered Office:
No. 1 Seaton Place
St Helier,
Jersey,
JE4 8YJ
Registered in Jersey as an Investment Company Number 106012
Aberdeen Latin American Income Fund Limited
Objective
To provide Ordinary shareholders with a total return, with an above average yield, primarily through investing in Latin America.
C Share Class Launch
The Directors announced on 20 January 2012 that the Company intended to raise up to £20 million, by way of a non pre-emptive placing and offer for subscription of C Shares, at an issue price of 100p per C Share.
On 31 January 2012 the Board announced that gross proceeds of £15,597,185 had been raised pursuant to the Issue. 15,597,185 C Shares were issued at the Issue Price, comprising 15,296,185 C Shares via the Placing and 301,000 C Shares via the Public Offer.
Application was made for the C Shares to be admitted to the premium segment of the Official List of the UK Listing Authority and to trading on the Main Market of the London Stock Exchange effective from Friday, 3 February 2012.
The ISIN of the C Shares is JE00B7GHFN18 and the TIDM of the C Shares is ALAC.
The Company publishes a daily NAV for the C Shares (a copy of which may be found on this website under 'Trust Announcements') and will make a further announcement in due course setting out the Conversion Ratio to be applied in converting the C Shares into Ordinary Shares and the record date for this Conversion.
Manager's Monthly Report
February 2012
Latin American equities and debt markets rallied in January, outperforming both emerging markets and developed markets. Risk appetite increased, following the European Central Bank’s liquidity injection via its Long Term Refinancing Operation in late December and the US Federal Reserve’s dovish interest rate outlook. A rebound in regional currencies and recovering commodity prices also contributed to market gains.
Local currency debt outperformed US dollar-denominated debt, benefiting from strong currency gains. Mexico was the notable outperformer, along with Brazil and Colombia. The Chilean peso was also a notable outperformer over the month, benefitting from strong copper performance as a result of Chinese restocking of inventories.
Although consumer prices accelerated in Brazil, Mexico and Chile, both central banks cut interest rates. Conversely, their Mexican counterpart maintained the policy rate at 4.5%, citing the stability of core measures.
In Brazil, industrial output contracted in November from a year earlier, whereas unemployment continued to ease in December.
In portfolio-related news, fourth-quarter results were solid: shopping mall operator Multiplan benefited from growth in sales and rental revenues, while Banorte was driven by robust loan growth and improvement in asset quality. Separately, the Mexican lender allowed customers to make payments via mobile phones, which should boost banking services. Vale signed a contract with Whiting Equipment Canada for the supply of salt evaporators and potash crystallisers. The miner also obtained an environmental licence that allows it to mine a new deposit of high quality iron ore.
There were no major changes to the portfolio in January.
On 31 January, the Company announced that it had raised gross proceeds of £15.6m pursuant to a placing and offer of C shares. the C shares were admitted to trading on 3 February 2012 (TIDM : ALAC).
Source: Monthly Factsheet Aberdeen Asset Managers Limited