Aberdeen launches onshore Latin America fund

Aberdeen Asset Management has launched an onshore Aberdeen Latin American Equity fund as a British version of an offshore vehicle.

A sister fund to the Luxembourg-domiciled Aberdeen Global – Latin American Equity fund, it will be managed by the group’s emerging market equity team.

Devan Kaloo, the head of global emerging market equities, will aim to achieve long-term total return by investing in equities and the equity-related securities of Latin American companies, or companies with Latin American activities. (article continues below)

The fund will open for general investment on February 9, although investors can take advantage of an initial offer period which starts on January 18.