Edison review on Aberdeen Latin American Inc Fund

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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