-
Aberdeen Chile Fund, Inc. (NYSE AMEX: CH)
- (EDT)
- » Closed-End Fund Center
Our fund managers' most useful tool No. 3: A scooter
In emerging markets, we make sure we get there in person.
Daily Data
At close Sep, 02 2010
| NAV | $22.07 |
| Price | $20.56 |
| Premium/Discount | -6.84% |
NAV and prices are provided by Morningstar. This information is unaudited and neither Aberdeen Asset Management PLC, its wholly owned subsidiaries, the Funds, nor any other person guarantees their accuracy.
Request Information
If you require further information on any of our Closed-End Funds:
Aberdeen Chile Fund, Inc. (NYSE AMEX: CH)
Investment Objective
The Fund seeks total return, consisting of capital appreciation and income, by investing primarily in Chilean securities.
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.
Fund Managers’ Monthly Report
July 2010
- Chilean equities rose in June, as robust domestic consumption offset increasing concerns over a weakening global economy.
- The domestic economy grew at its fastest monthly pace in more than a decade in April as business activity rebounded. Consequently, The Central Bank of Chile raised its benchmark interest rate by 0.5 percentage points to 1.0%.
- In Fund-related news, forestry company Empresas Copec will invest US$156 million to expand its Santa Fe wood pulp plant. Moody’s upgraded Banco Santander’s long-term foreign currency deposit rating from A1 to Aa3. The lender’s May figures were aided by lower non-performing loan provisions. Lan Airlines registered a rise in passenger and cargo traffic in May thanks to capacity growth. In first-quarter results, Empresas Copec benefited from strong pulp prices, while retailer Empresas La Polar was hurt by higher costs and slower-than-expected progress in its credit business.
- During the month, we initiated a position in Parque Arauco, an attractively-valued mall operator with assets in Chile, Colombia and Peru.