At close Feb 26, 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 fell in December as concerns persisted over falling crude oil prices and slowing
economic growth in China. However, the market outperformed its regional peers, as expectations
of additional stimulus measures in China buoyed copper prices.
- President Michelle Bachelet proposed key reforms to labor laws as part of her campaign promise
to reduce inequality. On the economic front, manufacturing output fell in November, but
unemployment improved and retail sales edged higher.
- In Fund-related corporate news, Parque Arauco invested US$12 million to open its third outlet
mall in Chile. Despite its relatively small size, we think that the project should help the company
diversify its portfolio and increase its presence in the outlet mall segment. Elsewhere, energy
company Endesa’s Bocamina II coal plant is expected to resume operations early this year. The
company will invest approximately US$200 million to offset the plant’s environmental impact,
and pay US$23 million in compensation to a local fishing community.
- In December, we pared the Fund’s holdings in wine-maker Concha y Toro, pulp and paper
company CMPC, and IT services provider Sonda on share price strength. We also trimmed the
position in beverage company CCU given the deteriorating operating environment and
uncertainty surrounding its expansion in Colombia. Conversely, we added to holdings in apparel
retailer Forus, as we believe it has an attractive valuation and a favorable outlook for its regional
expansion plans, as well as retailer Cencosud, which had strengthened its balance sheet. We also
added to beverage companies Embotelladora Andina and Embonor on relative share price
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