Brazil etc15 Jun 2015 15:40
Recent NAV about 66/67p but the trend has been depressing. holdings are substantially in bonds that is at least providing more reliable cash flow . only a small holder of these and it would be good to be able to think there are worth adding to at some point . Because they are a fund operated by -Aberdeen not as vulnerable as holding a share and this may survive until there is a recovery in the region. similarly whilst Fed may be wishing to raise rates and may in small measure do that there is obvious limit to the extent that they can let the U.S. Dollar rise because of its effect on the U.S. Trade balance and of course adversely effects the value of the Latin American currencies