At close Nov 25, 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.
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- Weak commodity prices and concerns about Chinese economic growth caused Chilean stocks to
end lower in September, although they outperformed the broader Latin American equity market.
- Retail sales grew in August, while unemployment edged higher to 6.7%. In an effort to support the
slowing economy, the government plans to increase spending on infrastructure and education in
- In Fund-related corporate news, Latam Airlines posted mixed traffic figures in August, with a
recovery in passenger numbers counterbalanced by weakness in the cargo business. Retailer
Cencosud’s second-quarter results were hampered by margin pressure in Colombia and Brazil,
although revenues remained robust across the business.
- Retailer Falabella bought the Peruvian home improvement company Maestro for US$490 million,
which should increase the contribution of its Peruvian business to 24% of total sales. The
company also plans to open new discount supermarkets there, targeting the lower-income
consumer. We are supportive of these decisions, which we believe will provide new revenue
streams in Peru.
- In September, we pared the position in pulp and paper company CMPC following a rebound in its
share price. We also reduced the holdings in electric utility Enersis and mall operator Parque
Arauco on share price strength.
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