Aberdeen Latin American Income Fund Ltd - investment trust which invests primarily in Latin American securities - Net asset value per share 56.65 pence at August 31, down from 82.34p at the same date a year ago. NAV total return minus 27.5%, lagging the benchmark's minus 22.9% return.
"While the result is clearly disappointing at first glance, I would like to emphasise that your Manager has maintained its investment strategy and continues to have strong conviction in the Company's underlying portfolio while offering shareholders an attractive yield from a mix of good quality companies and bonds," company says.
Current stock price: 54.00 pence
Year-to-date change: down 25%
By Lucy Heming;Â lucyheming@alliancenews.com
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