Company Website:
http://www.aberdeen-asset.us/cef
PHILADELPHIA -- (Business Wire)
Aberdeen Latin America Equity Fund, Inc. (the “Fund”) (NYSE AMEX: LAQ),
a closed-end equity fund, announced today its performance data and
portfolio composition as of December 31, 2010.
The Fund’s total returns for various periods through December 31, 2010
are provided below. (All figures are based on distributions reinvested
at the dividend reinvestment price and are stated net-of-fees):
|
|
|
|
|
|
| Period |
| NAV Total Return % |
| Market Price Total Return % |
|
|
| Cumulative |
| Annualized |
| Cumulative |
| Annualized |
|
Since inception
(October 1991)
|
|
1,140.6
|
|
14.0
|
|
967.6
|
|
13.1
|
|
10-years
|
|
540.9
|
|
20.4
|
|
662.4
|
|
22.5
|
|
5-years
|
|
167.4
|
|
21.7
|
|
185.6
|
|
23.3
|
|
3-years
|
|
19.6
|
|
6.1
|
|
24.1
|
|
7.4
|
|
1-year
|
|
22.7
|
|
24.8
|
|
| |
| |
On December 31, 2010, the Fund’s net assets amounted to US$312.5 million
and the Fund’s NAV per share was $41.95.
As of December 31, 2010, the portfolio was invested as follows:
|
|
|
|
| Portfolio Composition |
| Percent of
Net Assets |
|
Financials
|
|
21.3
|
|
Consumer, Non-Cyclical
|
|
18.7
|
|
Basic Materials
|
|
16.4
|
|
Industrials
|
|
13.4
|
|
Energy
|
|
8.9
|
|
Consumer, Cyclical
|
|
8.5
|
|
Communications
|
|
7.6
|
|
Utilities
|
|
1.7
|
|
Technology
|
|
1.2
|
|
Other
|
|
1.0
|
|
Cash
|
|
0.7
|
|
Diversified
|
|
0.6
|
|
| |
The Fund's ten largest equity holdings as of December 31, 2010,
representing 52.0% of net assets, were:
|
|
|
|
| Stock |
| Percent of
Net Assets |
|
Vale SA
|
|
9.1
|
|
Petroleo Brasileiro S.A.
|
|
8.9
|
|
America Movil SAB de C.V.
|
|
5.9
|
|
Banco Bradesco S.A.
|
|
5.5
|
|
Lojas Renner S.A.
|
|
4.2
|
|
Grupo Financiero Banorte SA.B. de C.V.
|
|
4.0
|
|
Tenarsis S.A.
|
|
3.7
|
|
Fomento Economico Mexicano, S.A.B. de C.V.
|
|
3.6
|
|
Multiplan Empreendimentos Imobiliarios SA
|
|
3.6
|
|
Ultrapar Participacoes S.A.
|
|
3.5
|
|
| |
Important Information
Aberdeen Asset Management Inc. has prepared this report based on
information sources believed to be accurate and reliable. However, the
figures are unaudited and neither the Fund, Aberdeen Asset Management
Investment Services Limited (the Investment Adviser), nor any other
person guarantees their accuracy. Investors should seek their own
professional advice and should consider the investment objectives,
risks, charges and expenses before acting on this information. Aberdeen
is a U.S. registered service mark of Aberdeen Asset Management PLC.
Total return figures with distributions reinvested at the dividend
reinvestment price are stated net-of-fees and represents past
performance. Past performance is not indicative of future results,
current performance may be higher or lower. Holdings are subject to
change and are provided for informational purposes only and should not
be deemed as a recommendation to buy or sell the securities shown.
Inception date October 30, 1991.
If you wish to receive this information electronically, please contact: InvestorRelations@aberdeen-asset.com
Contacts:
Aberdeen Asset Management Inc.
Katie Cowley, Investor Relations,
866-839-5205
InvestorRelations@aberdeen-asset.com
Source: Aberdeen Latin America Equity Fund, Inc.
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