Latin American Equities

Porcupine

I wonder to what extent ALAI is just a subset of the Aberdeen Emerging Markets fund. ie all the management decisions are already made in the context of the much larger EM fund, and they just add on a bit for the LA fund?
The top-level manager is the same. Whether those decisions are good in the context of a LA-only fund I'm not sure.

gadgetmind

bowlhead99 wrote: »

That looks about right going off last interim accounts.

Well, that spells out "avoid" to me. Spunking 2% on the suits doesn't leave a right lot left for the punter.

TCA

Porcupine wrote: »

I wonder to what extent ALAI is just a subset of the Aberdeen Emerging Markets fund. ie all the management decisions are already made in the context of the much larger EM fund, and they just add on a bit for the LA fund?

Aberdeen's Emerging Markets funds are only 24% Latin America and there is some overlap, but ALAI, as you'd imagine, has in most cases, larger holdings where they do overlap.

As for how they run it or who makes the big decisions, I don't know. Certainly it's the London-based team, headed by Devan Kaloo, that cover emerging markets ex-Asia and Brett Diment manages the debt team. It's a good question.