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abrdn Latin American Income Fund Limited

Capturing the powerful income potential of Latin American equities and bonds

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Daily prices as of 08 Aug 2022

Share Price 51.30p

Estimated NAV cum income 59.04p

Estimated NAV ex income 57.84p

Dividend Yield 6.8%

Premium / (Discount) to NAV cum income -13.4%

Premium / (Discount) to NAV ex income -11.6%

Source: Morningstar

About us

Find out more about our investment objective, approach, portfolio and performance.

About us

Insights

Our articles, podcasts and videos offer the latest perspectives from our managers on the evolving investment landscape.

Insights

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Learn more about the different ways in which you can invest.

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Latest news

An update from our investment managers, Viktor Szabó and Brunella Isper - 29 April 2022

Latin American equities continued their rally in March, once again outperforming both emerging and developed markets. Almost all markets in the region posted double-digit returns, benefiting from higher energy and commodity prices. Brazil, an exporter of crude oil, iron ore and soybeans, was among the frontrunners. Sentiment was also high in Brazil as data showed the unemployment rate in the country at its lowest for the period in six years. In fixed income, the JP Morgan GBI-EM Global Diversified (Latin America) Index (unhedged in sterling terms) returned 6.04% in March, and the index yield increased by 32 basis points to end the month at 8.72%. Local-currency bonds experienced negative performance over the month, while Latin American currencies appreciated (on aggregate) against sterling. On a country basis, Peru, Mexico, Chile, Colombia, Argentina, Uruguay and Brazil were positive contributors, while the Dominican Republic produced negative returns. 

Past performance does not predict future returns.

Read the latest interim report to 28 February 2022
Read the latest article from our managers
Read the Company's latest Regulatory News Service (RNS) announcements

*This is third-party research. You will leave abrdn Latin American Income Fund’s website and enter Edison’s to view.

Key people

Viktor Szabo

Viktor Szabó

Senior Investment Manager

Viktor Szabó is an investment manager on the emerging markets fixed income team. Viktor joined the company in July 2009 following the acquisition of certain asset management businesses from Credit Suisse Asset Management. Previously, Viktor worked for Credit Suisse Asset Management Hungary as country chief investment officer. Prior to that, Viktor worked for the National Bank of Hungary as the head of market analysis team.

Brunella Isper

Brunella Isper

Investment Manager

Brunella Isper is an Investment Manager on the Global Emerging Markets Equity Team. Brunella joined the company in 2010 from Bresser Asset Management where she worked as an Equity Research Analyst. Brunella graduated with a Bachelor of Public Administration (BPA) from Fundação Getúlio Vargas - EAESP, Brazil. She is a CFA charterholder.

Brett Diment

Brett Diment

Head of Global Emerging Market Debt

Brett Diment is the Head of Emerging Markets Debt at Aberdeen Standard Investments. Brett joined Aberdeen Asset Management via the acquisition of Deutsche Asset Management's London and Philadelphia fixed income businesses in 2005, where he held the same role since 1999. Brett joined Deutsche Asset Management in 1991 as a graduate and began researching emerging markets in 1995.

Brett graduated with a BSc from the London School of Economics.

Devan Kaloo

Devan Kaloo

Global Head of Equities

Devan Kaloo is Global Head of Equities and Head of Global Emerging Markets Equities for Aberdeen Standard Investments. Devan joined Aberdeen in 2000 as part of the Asian equities team in Singapore, before later transferring to London where he took up the position of Head of Global Emerging Markets Equities in 2005. In 2015 he was promoted to Global Head of Equities and joined Aberdeen’s Group management board. Devan started in fund management with Martin Currie in 1994 covering Latin America, before subsequently working with the North American equities, global asset allocation and eventually the Asian equities teams.

Devan graduated with an MA (Hons) in International Relations and Management from the University of St Andrews and has a postgraduate diploma in Investment Analysis from the University of Stirling.

Mubashira Bukhari Khwaja

Mubashira Bukhari Khwaja

Investment Manager

Mubashira Bukhari Khwaja is an Investment Manager on the Global Emerging Markets Equity team at abrdn. Mubashira joined the company in 2007 from KASB Bank where she was a manager in the service quality division. Mubashira graduated with MSc in Wealth Management from Singapore Management University and MSc in Economics from Lahore University of Management Sciences. Mubashira is a CFA charterholder.

CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.

  • Viktor Szabo

    Viktor Szabó

    Senior Investment Manager

    Viktor Szabó is an investment manager on the emerging markets fixed income team. Viktor joined the company in July 2009 following the acquisition of certain asset management businesses from Credit Suisse Asset Management. Previously, Viktor worked for Credit Suisse Asset Management Hungary as country chief investment officer. Prior to that, Viktor worked for the National Bank of Hungary as the head of market analysis team.

  • Brunella Isper

    Brunella Isper

    Investment Manager

    Brunella Isper is an Investment Manager on the Global Emerging Markets Equity Team. Brunella joined the company in 2010 from Bresser Asset Management where she worked as an Equity Research Analyst. Brunella graduated with a Bachelor of Public Administration (BPA) from Fundação Getúlio Vargas - EAESP, Brazil. She is a CFA charterholder.

  • Brett Diment

    Brett Diment

    Head of Global Emerging Market Debt

    Brett Diment is the Head of Emerging Markets Debt at Aberdeen Standard Investments. Brett joined Aberdeen Asset Management via the acquisition of Deutsche Asset Management's London and Philadelphia fixed income businesses in 2005, where he held the same role since 1999. Brett joined Deutsche Asset Management in 1991 as a graduate and began researching emerging markets in 1995.

    Brett graduated with a BSc from the London School of Economics.

  • Devan Kaloo

    Devan Kaloo

    Global Head of Equities

    Devan Kaloo is Global Head of Equities and Head of Global Emerging Markets Equities for Aberdeen Standard Investments. Devan joined Aberdeen in 2000 as part of the Asian equities team in Singapore, before later transferring to London where he took up the position of Head of Global Emerging Markets Equities in 2005. In 2015 he was promoted to Global Head of Equities and joined Aberdeen’s Group management board. Devan started in fund management with Martin Currie in 1994 covering Latin America, before subsequently working with the North American equities, global asset allocation and eventually the Asian equities teams.

    Devan graduated with an MA (Hons) in International Relations and Management from the University of St Andrews and has a postgraduate diploma in Investment Analysis from the University of Stirling.

  • Mubashira Bukhari Khwaja

    Mubashira Bukhari Khwaja

    Investment Manager

    Mubashira Bukhari Khwaja is an Investment Manager on the Global Emerging Markets Equity team at abrdn. Mubashira joined the company in 2007 from KASB Bank where she was a manager in the service quality division. Mubashira graduated with MSc in Wealth Management from Singapore Management University and MSc in Economics from Lahore University of Management Sciences. Mubashira is a CFA charterholder.

    CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.

Howard Myles Photograph

Howard Myles

Chairman

Howard Myles was appointed to the Board on 1 October 2020. He was a partner with Ernst & Young from 2001 to 2007 responsible for the Investment Funds Corporate Advisory team having previously been with UBS Warburg. Starting his career as an equity salesman, he then joined Touche Ross & Co in 1975 where he qualified as a chartered accountant. In 1978 he joined W Greenwell & Co. in the corporate broking team and in 1987 moved to SG Warburg Securities where he was involved in a wide range of commercial and industrial transactions in addition to leading Warburg's corporate finance function for investment funds. Howard is Senior Independent Director of BBGI Global Infrastructure S.A., Audit Committee Chair of Chelverton UK Dividend Trust plc and Chairman of Baker Steel Resources Trust Limited.

Hazel Adam

Hazel Adam

Non-Executive Director

Hazel has over 20 years experience in the fund management and investment banking industries. After leaving Standard Life Investments in 2005, she joined Goldman Sachs International, as an executive director on the Emerging Market equities desk. She subsequently worked at HSBC Holdings plc, as a director on the Emerging Market equities desk.
Having both buy and sell side experience affords her a unique perspective on global markets and investment strategies. She holds the Financial Times Non-Executive Directors Diploma.

Mike Gray

Mike Gray

Non-Executive Director

Mr Gray has over 30 years' management experience in banking both with ultra-high net worth clients and corporate banking. More recently, he has utilised his corporate experience across a number of industries, now acting as an adviser to a number of companies with global interests. Mr Gray is currently Non-Executive Director of EPE Special Opportunities Limited, Foresight Enterprise VCT plc, GCP Infrastructure Investments Limited (where he is Chairman of the Investment Committee), JTC plc and TEAM plc.

Heather MaCullum cropped

Heather MacCallum

Non-Executive Director

Heather MacCallum is a chartered accountant and was a partner of KPMG, Channel Islands, from 2001 until retiring from the partnership in 2016. She was a member of KPMG's financial services practice in the Channel Islands for 20 years. She is also a non-executive director and chair of the audit committee of Jersey Water and Blackstone Loan Financing Limited and is a non-executive director of B-Flexion Fund Management Limited, Kedge Focus Fund Limited and Invesco Bond Income Plus Limited.

  • Howard Myles Photograph

    Howard Myles

    Chairman

    Howard Myles was appointed to the Board on 1 October 2020. He was a partner with Ernst & Young from 2001 to 2007 responsible for the Investment Funds Corporate Advisory team having previously been with UBS Warburg. Starting his career as an equity salesman, he then joined Touche Ross & Co in 1975 where he qualified as a chartered accountant. In 1978 he joined W Greenwell & Co. in the corporate broking team and in 1987 moved to SG Warburg Securities where he was involved in a wide range of commercial and industrial transactions in addition to leading Warburg's corporate finance function for investment funds. Howard is Senior Independent Director of BBGI Global Infrastructure S.A., Audit Committee Chair of Chelverton UK Dividend Trust plc and Chairman of Baker Steel Resources Trust Limited.

  • Hazel Adam

    Hazel Adam

    Non-Executive Director

    Hazel has over 20 years experience in the fund management and investment banking industries. After leaving Standard Life Investments in 2005, she joined Goldman Sachs International, as an executive director on the Emerging Market equities desk. She subsequently worked at HSBC Holdings plc, as a director on the Emerging Market equities desk.
    Having both buy and sell side experience affords her a unique perspective on global markets and investment strategies. She holds the Financial Times Non-Executive Directors Diploma.

  • Mike Gray

    Mike Gray

    Non-Executive Director

    Mr Gray has over 30 years' management experience in banking both with ultra-high net worth clients and corporate banking. More recently, he has utilised his corporate experience across a number of industries, now acting as an adviser to a number of companies with global interests. Mr Gray is currently Non-Executive Director of EPE Special Opportunities Limited, Foresight Enterprise VCT plc, GCP Infrastructure Investments Limited (where he is Chairman of the Investment Committee), JTC plc and TEAM plc.

  • Heather MaCullum cropped

    Heather MacCallum

    Non-Executive Director

    Heather MacCallum is a chartered accountant and was a partner of KPMG, Channel Islands, from 2001 until retiring from the partnership in 2016. She was a member of KPMG's financial services practice in the Channel Islands for 20 years. She is also a non-executive director and chair of the audit committee of Jersey Water and Blackstone Loan Financing Limited and is a non-executive director of B-Flexion Fund Management Limited, Kedge Focus Fund Limited and Invesco Bond Income Plus Limited.

Financial calendar

Year End 31 August
Accounts published November
Annual General Meeting December
Dividend Paid January, May, July, October

Trust details

abrdn Latin American Income Fund Limited

Registered Office:
1st Floor,
Sir Walter Raleigh House
48 – 50 Esplanade,
Jersey
JE2 3QB

Registered in Jersey as an Investment Company Number 106012

Launch Date: 16 August 2010

Risk warning
Risk warning
The value of investments and the income from them can go down as well as up and you may get back less than the amount invested. Please refer to the relevant Key Information Document (KID) prior to making an investment decision. Please be aware of scams that can affect investors.