RE: Brazil5 Feb 2017 12:21
Patxd, bought these some time ago, not only is Latin America coming off its lows, this also plays a nice currency hedge.. They own shares in SA which pay out a set yeild, once converted to £ it works out a lot better, NAV is about 79, but trading low 70's.... ADN, the parent company has been buying into it own fund for 6 months which is a great sign. I expect if ALAI remains high in price and Latin America continues to do well, the div might increase Q2-q3, this fund isn't interested in div coverage, as it's a income fund... Expect a slow in price, before it continues higher... I'm in for long term div exposure..