At close Jul 24, 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
Section 16 Filings
Fund Managers’ Monthly Report
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- Chilean equities rose in May, despite slowing demand from China, which resulted in copper prices
falling to a four-year low.
- The central bank kept its benchmark interest rate on hold after weakness in the peso caused
inflation to spike above its target rate.
- Fund-related corporate results were mixed in May. Cencosud generally met expectations, as
operational improvements in Chile offset the continued weakness in Brazil. The retailer managed
to keep costs under control, although financial charges affected profits. Beverage company
Embotelladora Andina’s results were buoyed by solid volume growth, and margin pressure in Brazil
and Chile was counterbalanced by improvements in Argentina and Paraguay. Conversely, SQM’s
results disappointed owing to price weakness in the iodine and potash markets, while apparel
retailer Forus was hurt by higher expenses and a depreciating Chilean peso.
- Elsewhere, the Argentine regulator will grant higher electricity prices to power companies that
agree to drop legal action against the country. We believe that this may have a positive impact on
the Fund’s holding in Endesa, which has struggled to achieve profitability in Argentina due to the
difficult operating environment over the past few years.
- There were no major changes to the Fund in May.
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