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Aberdeen Chile Fund, Inc. (NYSE AMEX: CH)
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Daily Data
At close Feb 02, 2012
| NAV | $16.30 |
| Price | $18.22 |
| Premium/Discount | 11.78% |
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 Chile Fund, Inc. (NYSE AMEX: CH)
Investment Objective
The Fund seeks total return, consisting of capital appreciation and income, by investing primarily in Chilean securities.
Fund Manager Interview with Nick Robinson
Nick Robinson, Head of Brazilian Equities and investment manager on Aberdeen’s global emerging markets team, explains why Chili provides a wealth of interesting investment opportunities.
Download fund manager interviewFund Manager Featured in The Wall Street Transcript
With high levels of volatility around the world, investors recognize the importance of in-depth research and knowledge of global markets. Latin America is an example of a regional market that is increasingly recognized for its role in well-diversified portfolios.
Read this recent interview with Nick Robinson, head of Brazilian equities and director of Aberdeen’s Latin American operations, to learn more about the investment opportunities available in Chile and Brazil--and how Aberdeen's examines those potential opportunities.
Download articleInvestment Policies
It is the policy of the Fund to invest its assets in Chilean equity and debt securities. For these purposes, “Chilean securities” means securities traded principally on stock exchanges in Chile.
The information contained above provides only a brief summary description of the Fund's investment objective and investment policies.
Fund Managers’ Monthly Report
December 2011
- The Chilean equity market fell in November and lagged its peers in the Latin American market, attributable mainly to the significant depreciation of its currency.
- Economic data were mixed. Third-quarter GDP expanded 4.8% year-on-year, boosted by domestic demand. However, October industrial production activity declined and retail sales growth decelerated.
- In Fund-related news, paper and pulp manufacturer CMPC will invest US$2.8 billion in Brazil to develop a new pulp production line in its Rio Grande facility. Banco Santander Spain completed the sale of a 7.8% stake (equivalent to about US$1 billion) in Santander Chile, reducing its share to 67%. Energy and forestry company Copec raised its stake in Colombian energy company SIE by 14.4% for US$181 million. Copec’s forestry arm Arauco acquired forestry company Vale de Corisco for US$233 million. LAN Airlines began integrating operations with TAM and expects the process to be completed by the first quarter of 2012.
- Third-quarter results were decent. Specialty plant nutrients and chemicals maker SQM was boosted by strong sales growth across most business lines, while diversified beverage company CCU benefited from volume growth and margin improvement.
- In November, we added to real estate holding company Parque Arauco, IT company Sonda, and winery Concha Y Toro.
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