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Aberdeen Chile Fund, Inc. (NYSE MKT: CH)
- (EDT)
- » Closed-End Fund Center
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At close May 16, 2013
| NAV | $14.59 |
| Price | $14.92 |
| Premium/(Discount) | 2.26% |
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)*
Investment Objective
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.
Investment Policies
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.
South America Outlook: Recovering trend potential on strengthening commodities demand
Growth deceleration for South America in 2012 is now seen preventing economic overheating and domestic imbalances, providing investors with an opportunity to buy into South American stocks at cheaper levels.
Read moreFund Managers’ Monthly Report
March 2013
- Chilean equities fell in February on concerns over U.S. government budget cuts and Italy’s election that ended in a deadlock. Market sentiment was further affected by the falling price of copper, the country’s biggest export.
- Leading indicators signalled an expansion in manufacturing in January, while unemployment improved unexpectedly. The central bank left interest rates unchanged for a 13th consecutive month.
- Consumer prices rose marginally as transport and utility costs increased, but remained well within the central bank’s target.
- In Fund-related news, lenders Santander Chile and Banco de Chile reported decent fourth-quarter results on the back of solid loan growth and margin improvements. Conversely, Coca-Cola bottler Embotelladora Andina’s fourth-quarter results were muted as healthy volumes across the region were counterbalanced by cost pressures.
- There were no major changes to the portfolio in February.
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