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 June 30, 2011.
The Fund’s total returns for various periods through June 30, 2011 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)
|
|
1,185.4
|
|
13.9
|
|
1,061.0
|
|
13.3
|
|
10-years
|
|
541.0
|
|
20.4
|
|
639.3
|
|
22.1
|
|
5-years
|
|
137.4
|
|
18.9
|
|
140.3
|
|
19.2
|
|
3-years
|
|
16.4
|
|
5.2
|
|
17.7
|
|
5.6
|
|
1-year
|
|
32.8
|
|
31.4
|
| | | |
|
On June 30, 2011, the Fund’s net assets amounted to US$317.6 million and
the Fund’s NAV per share was $42.64.
As of June 30, 2011, the portfolio was invested as follows:
|
| |
| Portfolio Composition |
| Percent of Net Assets |
|
Financials
|
|
22.3
|
|
Consumer Staples
|
|
17.2
|
|
Energy
|
|
15.4
|
|
Materials
|
|
12.6
|
|
Industrials
|
|
10.6
|
|
Consumer Discretionary
|
|
7.7
|
|
Communications
|
|
6.2
|
|
Information Technology
|
|
3.0
|
|
Healthcare
|
|
2.7
|
|
Utilities
|
|
1.4
|
|
Cash
|
|
0.8
|
|
Other
|
|
0.1
|
| |
|
The Fund's ten largest equity holdings as of June 30, 2011, representing
52.7% of net assets, were:
|
| |
| Stock |
| Percent of Net Assets |
|
Vale SA
|
|
9.1
|
|
Petroleo Brasileiro S.A.
|
|
8.5
|
|
Banco Bradesco S.A
|
|
6.3
|
|
America Movil SAB de C.V.
|
|
6.2
|
|
Fomento Economic Mexicano, S.A.B. de C.V.
|
|
4.1
|
|
Lojas Renner S.A.
|
|
4.1
|
|
Grupo Financiero Banorte S.A.B. de C.V.
|
|
3.8
|
|
Multiplan Empreendimentos Imobiliarios SA
|
|
3.6
|
|
Ultrapar Participacoes S.A.
|
|
3.6
|
|
Tenarsis S.A.
|
|
3.4
|
| |
|
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.
Closed-end funds have a one-time initial public offering and then are
subsequently traded on the secondary market through one of the stock
exchanges. The 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 a fund will achieve its investment objective. Past
performance does not guarantee future results.
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.
Investor Relations
Katie
Cowley, 866-839-5205
InvestorRelations@aberdeen-asset.com
Source: Aberdeen Latin America Equity Fund, Inc.
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