Aberdeen Latin American Income Fund

LN: ALAI

£31m market cap

54.2p last close

Aberdeen Latin American Income Fund (ALAI) aims to provide investors with a total return and an above-average yield, primarily through investing in Latin American securities. While the portfolio is constructed without reference to any benchmark, the company measures its performance against a composite index (in £ terms): 60% MSCI EM Latin American 10/40 index and 40% JP Morgan Government Bond Index EM Global Diversified (Latin America carve-out).

Investment summary

Aberdeen Latin American Income Fund’s (ALAI) managers at Aberdeen Standard Investments (ASI) are cautiously optimistic on the outlook for the region, focusing on its long-term opportunities, while acknowledging the current challenging backdrop due to the global healthcare pandemic. They believe that Latin America is well positioned for an economic improvement and commodity reflation as vaccines are rolled out and are confident about a corporate earnings recovery given measures that companies have taken to rationalise their businesses during the downturn. The managers also point to the relatively attractive valuations compared with the global market available in the region, which may reflect investor concerns about the fiscal and political backdrop in Latin America.

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Share price graph
Price performance
%
1m
3m
12m
Actual (8.9) (8.9) (20.9)
Relative* (7.5) (11.7) (16.1)
52-week high/low 65.8p/40.5p
*% relative to local index
Key management
William Hemmings Head of Closed End Funds

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