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At close Apr 16, 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.
If you require further information on any of our Closed-End Funds:
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.
Asia-Pacific ex Japan Equities Video Update
Aberdeen's Hugh Young gives an update on the Asia-Pacific region and discusses why Aberdeen believes the positive outlook for Asia will remain intact for 2014.
Aberdeen Chile Fund, Inc. Webcast Update
Brunella Isper gives an update on the Aberdeen Chile Fund Inc. She speaks to recent fund performance and positioning, gives some insight into the macroeconomic factors affecting the Chilean region and discusses why Aberdeen believes the fundamentals of the region remain resilient in the face of tapering and a possible global slowdown.
Section 16 Filings
Fund Managers’ Monthly Report
Download Monthly Commentary
- Chilean equities rebounded in February in tandem with the broader emerging markets asset class. Investor sentiment seemed unaffected by lackluster domestic data, including worsening unemployment and weaker manufacturing activity.
- The central bank cut its benchmark rate by 25 basis points in response to signs of moderating economic growth.
- In Fund-related corporate news, soft drink maker Embotelladora Andina posted muted fourthquarter results largely due to unfavorable weather and soft consumption in Brazil, despite good performance in Argentina and Paraguay. We see this as short-term weakness and remain confident about the positive drivers for consumption in the region, as well as management’s capability to operate within a tougher environment. In line with its strategy to focus on its core business, Electricity generation company Enersis will sell a 55% stake in an industrial park near the Santiago airport, which we think demonstrates management’s capital discipline.
- Elsewhere, specialty chemical producer SQM’s shares rallied after Canadian fertilizer maker Potash
Corp. of Saskatchewan reaffirmed its intentions to increase its stake in the company. In our view,
this highlights the quality of SQM’s assets and its robust fundamentals, which have recently been
overshadowed by uncertainties surrounding its pricing environment.
- There were no major changes to the Fund in February.
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