At close Jan 28, 2015
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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- Chilean stocks edged lower in November against the backdrop of weak Chinese manufacturing
- The nation’s economy expanded by 0.8% in the third quarter, its slowest pace in five years, largely
owing to weakness in the manufacturing and agricultural sectors. The central bank kept its
benchmark interest rate unchanged at 3%, after inflation figures exceeded expectations.
- In Fund-related corporate news, retailer Falabella’s third-quarter results were mixed, with good
performance in Colombia and improved profitability in its financial business compensating for
domestic weakness. SQM’s results met expectations, as lower costs offset the impact of volatile
potash prices. Nonetheless, its profits were muted by higher taxes and financial charges.
Winemaker Concha y Toro performed well; its solid revenue growth was underpinned by better
pricing and higher margins attributable to lower input costs and a weaker Chilean peso.
- Elsewhere, beverage company CCU signed an agreement to partner with Colombian soft-drink
producer Postobón to brew and distribute beer and malt-based beverages in Colombia. The
companies will invest US$200 million each to construct a beer production plant near the capital.
We think that CCU’s decision to work with a local player is sensible, but the venture will face
competition from SABMiller (which the Fund does not own), which is currently the dominant beer
distributor in the country.
- There were no major changes to the Fund over the month.
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