Research_strapline

Are you an:

Don't let the labels put you off!
If you're not an investor, but you want to learn, you can select investor

×

Register for FundCalibre!

We just need to know
if you are an:

Don't let the labels put you off!
If you're not an investor, but you want to learn, you can select investor

×

Aberdeen Latin American Equity

Elite Rated by FundCalibre

This gives investors exposure to the Latin American equity markets. The fund is managed by Aberdeen’s world renowned emerging markets team, whose primary investment concern is quality, followed by value. The strategy has had considerable success across a range of emerging markets and historically has performed well in tough markets.

Company Description

Aberdeen Asset Management, established in 1983, manages assets for both institutional and retail clients worldwide. They currently have more than 35 offices in more than 25 countries.

Factsheet_aberdeen_logo_2col_rgb

Fund Manager

The fund is run on a day-to-day basis by Aberdeen’s emerging market team, which is headed by Devan Kaloo. The team members have been sourced from a diversified pool of talent, with the intention that each analyst can bring a different perspective. The longevity and the stability of the team is a huge component of the success of the franchise.

Factsheet_devan_kaloo_resized

Our longstanding bottom-up investment approach is founded on individual stock selection, detailed fundamental research, and face-to-face company contact.

Devan Kaloo - Fund Manager

The Investment Process

The process is “Warren Buffet-esque” with the team looking to identify and build large positions in high-quality companies, that are trading at reasonable valuations. Consequently, the process in entirely based on fundamental research, with four to five company visits typical before an investment is made. The average holding period is over five years and the team will look to add to positions during periods of market volatility.

Risk

Considering the fund’s geographies, and with equity holdings, the fund is up towards the top of the risk scale and significantly more risky than the UK stock market. The emphasis on quality means that the fund can exhibit lower volatility than some of its peers. However, the fund’s unconstrained approach means it can build up large country positions which makes it more susceptible to political turmoil in the region.

Our Opinion

Aberdeen’s labour intensive, yet cautious, approach lends itself particularly well to these volatile and less-researched equity markets. This, combined with the strength and stability of the team, gives us confidence the fund can continue to outperform over the long term.

  • Fund
  • Sector

©2014 FundCalibre Limited. All Rights Reserved. The information, data, analyses, and opinions contained herein (1) include the proprietary information of FundCalibre, (2) may not be copied or redistributed without prior permission, (3) do not constitute investment advice offered by FundCalibre, (4) are provided solely for informational purposes and therefore are not an offer to buy or sell a fund, and (5) are not warranted to be correct, complete, or accurate. FundCalibre shall not be responsible for any trading decisions, damages, or other losses resulting from, or related to, this information, data, analyses, or opinions or their use. The Elite Fund rating is subjective in nature and reflects FundCalibre’s current expectations of future events/behaviour as they relate to a particular fund. Because such events/behaviour may turn out to be different than expected, FundCalibre does not ,guarantee that a fund will perform in line with its FundCalibre benchmark. Likewise, the Elite Fund rating should not be seen as any sort of guarantee or assessment of the creditworthiness of a fund or of its underlying securities and should not be used as the sole basis for making any investment decision. FundCalibre disclaims any responsibility for trading decisions, damages or other losses resulting from any use of the Elite Fund rating.