At close Oct 20, 2014
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.
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Aberdeen Chile Fund, Inc. (NYSE MKT: CH)
The Fund seeks total return, consisting of capital appreciation and income, by investing primarily in Chilean 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 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.
Aberdeen Chile Fund, Inc. Webcast
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Fund Managers’ Monthly Report
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- Chilean equities fell marginally in August, continuing to underperform the broader Latin American
asset class, largely attributable to lower copper prices and political concerns.
- Manufacturing output contracted in July, while unemployment remained unchanged at 6.5%. The
economy’s expansion of 0.8% year-on-year in June also lagged expectations.
- In Fund-related corporate news, fertilizer company SQM posted muted first-half results, mainly on
the back of lower iodine and potash revenues. However, this was partially mitigated by robust
lithium sales, along with good cost control. Coca-Cola bottler Andina was hampered by foreign
exchange losses and higher financial charges owing to elevated debt levels. Conversely, winemaker
Concha y Toro did well, as higher sales in Chile and its export markets outweighed weaker
performance from its operations in Argentina and the U.S.
- Forestry and energy company Copec restructured its fuel business in Colombia, consolidating its
investments under a subsidiary, Terpel, which it listed on the Colombian stock exchange. We think
that this should allow management to focus on executing growth plans in the country.
- There were no major changes to the Fund in August.
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