ASI Latin American Equity I

  • 108.31p
    Price (Inc)

    These are the shares in the fund that pay out an income to clients. The income is made up of the total dividends – the money a company can pay out to its investors – from the companies in the fund.

  • -
    Price (Acc)

    These are the shares in the fund that don’t pay out an income to clients. Any dividends – the money a company can pay out to its investors – are reinvested into companies in the fund. Despite no income, the shares should be worth more over time. Good incentive, eh?

  • 0.00%

    Initial charge

    Some funds charge you when you first invest, which is aptly known as the initial charge. They’re usually between 3-5% but at Bestinvest, we usually don’t charge you a penny!

  • 1.00%
    Annual management charge

    This is how much the fund management company charges to run the fund. It’s like paying a babysitter, dog sitter or house sitter (that makes well-informed, heavily researched changes to improve your baby/dog/house when needed).

  • 1.25%
    Ongoing charges

    This stands for Ongoing Charges Figure. It’s the cost of running a fund and includes admin fees, manager fees, administration costs, etc.

  • 1.20%
    Yield

    How much the fund is currently paying out in income to investors. It’s NOT to be confused with the overall growth of a fund – a very different thing indeed. It’s also NOT a guarantee of future pay-outs, just a snapshot. This is more what it’s not than what it is…

Prices as at 14 January 2021

This fund launched in February 2011, targeting long term total returns from investment in the equities of companies based in South America or with significant activities in the region. The fund invests mainly in large and mid sized companies, predominantly those based in Brazil and Mexico as they dominate its investment universe.

Fund summary

Sector Specialist
Structure OEIC
Launched
Size £96m
Yield 1.20%
Charging basis Income
Dividends paid Acc units only

Charges

Standard initial charge 0.00%
Initial charge via Bestinvest 0.00%
Annual management charge 1.00%
Ongoing charges figure 1.25%

Allocation

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Investment process

The fund is run on a team basis by Aberdeen's emerging markets desks but benefits from the specific input of their Brazil staff, based in Sao Paulo. The stock selection process contains two filters: Quality – the team looks for companies with straightforward businesses, recurring earnings growth, strong balance sheets that can support expansion, that are shareholder friendly. Price - Aberdeen valuations are typically conservative, with a key discipline being to avoid overpaying. The team employ various metrics, with the most appropriate depending on the industry and the stage of the economic cycle. Stocks are sold when valuations become stretched, on changes of personnel or competition or loss of business direction.

The fund is managed by Aberdeen's Emerging Markets team led by Devan Kaloo, who already have a successful track record on the Aberdeen Emerging Markets fund. The team’s conservative approach means performance characteristics should be similar to those of other Aberdeen emerging markets funds, providing a degree of protection from falling markets but underperforming in strong market rises. However, investors should expect a higher degree of risk compared to a diversified emerging markets fund.

Manager research

Average monthly relative returns

  • 16/17 0.00%
  • 17/18 0.00%
  • 18/19 0.00%
  • 19/20 0.00%
  • 20/21 0.00%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.00%
  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.00%

Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Track record

Periods of worst performance

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Relative 0.00% ()

About the MRI

Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.

Allocation

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Sector breakdown

Financials 28.00%
Consumer Staples 16.00%
Industrials 12.00%
Materials 11.00%
Consumer Discretionary 10.00%
Energy 7.00%
Information Technology 6.00%
Real Estate 3.00%
Health Care 3.00%
Utilities 2.00%

Key Investor Information

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