LONDON (Alliance News) - Aberdeen Latin American Income Fund Limited Friday said its net asset value per share has declined 11% from the year before, with the chairman blaming the decline of Latin American stockmarkets.
However, the investment company's net asset value total return was negative 6.7%, which actually compared favourably against its composite benchmark's negative 7.0% total return.
Aberdeen Latin American net asset value per share was 88.04 pence on August 31, compared with 98.35 pence on August 31, 2012.
However, the company said its net asset value since had recovered to 95.28 pence per share.
During the financial year, its equity portfolio fell by 3.61% in sterling terms, outperforming the benchmark MSCI Emerging Markets Latin America 10/40 Index's decline of 8.68%.
Aberdeen Latin American shares were quoted at 88.75 pence Friday morning, down 0.7%.
By Samuel Agini; samagini@alliancenews.com; @samuelagini
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