IN BRIEF: Aberdeen Latin American Income outperforms benchmark
Thu, 6th May 2021 16:14
Aberdeen Latin American Income Fund Ltd - investment trust which invests primarily in Latin American securities - Net asset value per share at end of February 59.05 pence, up 4.2% on 56.65p at end of August. NAV total return 7.2% for six months to end of February, outperforming composite benchmark of MSCI EM Latin American 10/40 Index/JP Morgan GBI-EM Global Diversified Index which returns 5.8%. I was pleased to note that your managers choice of holdings was the chief contributor to the company s outperformance over this period. This is a testament to the manager s long-term approach and focus on building a high-conviction portfolio of quality stocks and bonds, firm says.