Investing in Latam

Benefiting from potential growth in Latin American economies

Monthly Commentary

Important Information

Access to the robust and high-growth Latin America region is currently offered through our Aberdeen Latin American Equity Fund, Inc. (LAQ) and the Aberdeen Chile Fund, Inc. (CH). We believe Latin America offers good long-term fundamentals and an increasing number of well-managed companies benefiting from growing domestic demand.

Our investment team has substantial experience within the region and Aberdeen’s core investment philosophy of bottom-up stock picking, proprietary research and team-based approach position us to take advantage of the long-term potential within the region.

	Ticker	Growth or Income	Distributions
Equity Funds
Aberdeen Latin America Equity Fund, Inc.	LAQ	Growth	Twice Yearly
Aberdeen Chile Fund, Inc.*	CH	Both	Quarterly Managed Distribution**

** Paid at an annual rate, set once a year. This is a percentage of the average of the Fund’s prior four calendar quarter-end net asset values.

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Important information

Closed-end funds are traded on the secondary market through one of the stock exchanges. The Fund’s investment return and principal value will fluctuate so that an investor’s shares may be worth more or less than the original cost. Shares of closed-end funds may trade above (a premium) or below (a discount) the net asset value (NAV) of the fund’s portfolio. There is no assurance that the Fund will achieve its investment objective. Past performance does not guarantee future results.

*Investors should consider a fund’s investment objectives, risks, charges and expenses carefully before investing. A copy of the prospectus for Aberdeen Asia-Pacific Income Fund, Inc., Aberdeen Chile Fund, Inc., Inc. and Aberdeen Global Income Fund, Inc. that contains this and other information about the fund may be obtained by calling 866-839-5205. Please read the prospectus carefully before investing. Investing in funds involves risk, including possible loss of principal.

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There can be no assurance that the Board will maintain the Fund's distribution rate at a particular level, or that the Board will continue a managed distribution policy. Additionally, distributions may include return of capital as well as net investment income and capital gains. If the Fund's investments do not generate sufficient income, the Fund may be required to liquidate a portion of its portfolio to fund these distributions. If the Fund's distributions consist of a large amount of return of capital, it may result in a deterioration of the Fund's assets.

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Aberdeen Asset Management (AAM) is the marketing name in the U.S. for the following affiliated, registered investment advisers: Aberdeen Asset Management Inc., Aberdeen Asset Managers Ltd, Aberdeen Asset Management Ltd and Aberdeen Asset Management Asia Ltd, each of which is wholly owned by Aberdeen Asset Management PLC. “Aberdeen” is a U.S. registered service mark of Aberdeen Asset Management PLC.

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