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abrdn Latin American Equity Class I - Accumulation (GBP)

Sell:123.25p Buy:123.25p Change: 0.40p (0.33%)
Prices as at 28 March 2024
Sell:123.25p
Buy:123.25p
Change: 0.40p (0.33%)
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
Prices as at 28 March 2024
Sell:123.25p
Buy:123.25p
Change: 0.40p (0.33%)
Prices as at 28 March 2024
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Charges and Savings

Initial charges
Initial charge: 0.00%
Initial saving from HL: 0.00%
HL dealing charge: Free
Net initial charge: 0.00%
Annual charges
Performance fee: No  
Ongoing charge (OCF/TER): 1.13%
Ongoing saving from HL: 0.54% i
Net ongoing charge: 0.59%

In some cases the ongoing savings are provided by our loyalty bonus. Loyalty bonuses are tax-free in an ISA or SIPP. However, they may be subject to tax in a Fund & Share Account which would, in effect, reduce their value and increase the net ongoing charge.


Other Information

Unit type: Unbundled
Manager:
Global Emerging Markets Equity Team
Fund launch date: 18 January 2011
Sector: Latin America
Fund size: £85 million
Number of holdings: 40
Fund type: OEIC
Accumulation/income: Accumulation
Dealing frequency: Daily
Valuation point: 12:00
Trustee: Citibank
Minimum investment: £100.00
Charges deducted from: n/a
Available in a regular savings plan: Yes
Minimum regular savings value: £25.00

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Performance

27/03/19 to 27/03/20 27/03/20 to 27/03/21 27/03/21 to 27/03/22 27/03/22 to 27/03/23 27/03/23 to 27/03/24
Annual return -32.04% 27.44% 16.68% -9.45% 18.99%

Please remember past performance is not a guide to future returns. Where no data is shown, figures are not available. This information is provided to help you choose your own investments, remember they can fall as well as rise in value so you may not get back the original amount invested.

View fund chart

Our view on this fund

HL Research

This specialist fund focuses on the main markets of Latin America, including Brazil, Mexico, Chile and Peru. The fund is run by a team with a long record of investing in these markets. They have a long-term focus but are willing to be flexible in the hunt for the best...

Our latest article

In this update, Investment Analyst Henry Ince shares our analysis on the manager, process, culture, ESG integration, cost, and performance of the abrdn Asia Pacific Equity fund.

Fund Objective

To generate growth over the long term (5 years or more) by investing in Latin American equities (company shares). Performance Target: To achieve the return of the MSCI EM Latin America 10/40 Net Total Return Index plus 3% per annum over rolling three year periods (before charges). There is no however no certainty or promise that the Performance Target will be achieved. The MSCI EM Latin America 10/40 Net Total Return Index (the "Index") is a representative index of the collective stock markets of Latin America.

Income Details

Historic yield : 5.44%
Income paid: Annually
Type of payment: Dividend
Ex-dividend date: 1 August 2024
Payment date: 31 October 20244

This data is provided by Broadridge. HL accepts no responsibility for its accuracy and you should independently check data before making any investment decision. All yields are variable and not guaranteed. Information correct as at 31 October 2023.

Security Weight
FOMENTO ECONOMICO MEXCANO SAB DE CV 7.00%
ITAUSA SA 6.10%
GRUPO FINANCIERO BANORTE SAB DE CV 5.92%
WAL-MART DE MEXICO SAB DE CV 4.77%
RAIA DROGASIL SA 4.73%
PETROLEO BRASILEIRO SA PETROBRAS 4.35%
TELEFONICA BRASIL SA 3.88%
SOUTHERN COPPER CORP 3.77%
WEG S.A. 3.51%
EQUATORIAL ENERGIA S A 3.50%
Sector Weight
Banks 11.89%
Beverages 10.04%
Investment Banking & Brokerage Services 9.23%
Industrial Metals & Mining 9.12%
Personal Care, Drug & Grocery Stores 7.42%
Non-Renewable Energy 6.98%
Industrial Transportation 5.84%
Real Estate Investment & Services 5.36%
Electricity 5.03%
Retailers 4.77%
Country Weight
Brazil 55.25%
Mexico 28.86%
United States 9.92%
Cash and Equiv. 1.92%
Chile 1.77%
United Kingdom 1.44%
Luxembourg 0.78%
Non-Classified 0.06%

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Prices provided by Morningstar, correct as at 28 March 2024. Data provided by Broadridge, correct as at 30 September 2023.

Broadridge
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account

4 If you elect to receive the income from a Vantage ISA or Vantage Fund & Share Account, we will collect any dividends for you and then pay them directly into your bank account within the first 10 working days of the following month.