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Aberdeen Latin American Equity

Elite Rated by FundCalibre

This fund gives investors exposure to companies in Latin America. The fund is managed by Aberdeen’s renowned emerging markets team, whose primary investment concern is quality, followed by value. The strategy has had considerable success across a range of regions 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.


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.


Our longstanding investment approach is founded on individual stock selection, detailed 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 is entirely based on fundamental research, with four to five company visits typical before an investment is made. The average holding period is more than five years and the team will look to add to positions during periods of market volatility.


As the fund invests in emerging markets, it is towards the top end of the risk scale. Its unconstrained approach means it can build up large country positions, which makes it more susceptible to political turmoil in the region. However, the emphasis on quality means that the fund can exhibit lower volatility than some of its peers.

Our Opinion

Aberdeen’s labour-intensive and 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.

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