Aberdeen Latin American Inc Fd Ltd Edison review on Aberdeen Latin American Inc Fund
22 October 2020 - 6:15PM
RNS Non-Regulatory
TIDMALAI
Aberdeen Latin American Inc Fd Ltd
22 October 2020
London, UK, 21 October 2020
Edison issues review on Aberdeen Latin American Income Fund
(ALAI)
Aberdeen Latin American Income Fund (ALAI) is managed by
Aberdeen Standard Investments' (ASI's) global emerging markets
equities and emerging market debt teams, providing exposure to both
Latin American equities and government debt. The company's relative
performance came under pressure during the coronavirus-led market
sell-off earlier in 2020, but is now showing signs of improvement.
ALAI's managers are constructive on the outlook for Latin America
over the next 12 months, expecting considerable economic
improvement from the Q220 weakness due to the COVID-19 lockdowns,
helped by unprecedented monetary and fiscal stimulus in the
region.
ALAI's current 15.0% share price discount to cum-income NAV is
wider than the average 14.8%, 14.1%, 13.5% and 8.4% discounts over
the last one, three, five and 10 years respectively. There is
potential for the discount to narrow if there is improved investor
sentiment towards Latin America. ALAI's annual dividend has held
steady for the last five financial years (current yield of
7.1%).
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