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 November 30, 2010.
The Fund’s total returns for various periods through November 30, 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) |
1,080.6 | 13.8 | 911.6 | 12.9 | ||||
| 10-years | 563.6 | 20.8 | 714.0 | 23.3 | ||||
| 5-years | 157.6 | 20.8 | 168.8 | 21.9 | ||||
| 3-years | 19.1 | 6.0 | 23.8 | 7.4 | ||||
| 1-year | 20.0 | 22.7 | ||||||
On November 30, 2010, the Fund’s net assets amounted to US$303.5 million and the Fund’s NAV per share was $40.75.
As of November 30, 2010, the portfolio was invested as follows:
| Portfolio Composition |
Percent of Net Assets |
|
| Financials | 21.6 | |
| Consumer, Non-Cyclical | 18.7 | |
| Basic Materials | 16.3 | |
| Industrials | 13.3 | |
| Consumer, Cyclical | 8.9 | |
| Energy | 8.0 | |
| Communications | 7.8 | |
| Utilities | 1.8 | |
| Other | 1.2 | |
| Technology | 1.2 | |
| Cash | 0.6 | |
| Diversified | 0.6 | |
The Fund's ten largest equity holdings as of November 30, 2010, representing 51.4% of net assets, were:
| Stock |
Percent of
Net Assets |
|
| Vale SA | 8.9 | |
| Petroleo Brasileiro SA | 8.0 | |
| America Movil SAB de CV | 6.2 | |
| Banco Bradesco SA | 5.8 | |
| Lojas Renner SA | 4.5 | |
| Fomento Economico Mexicano SAB de CV | 3.8 | |
| Multiplan Empreendimentos | 3.8 | |
| Grupo Financiero Banorte SAB de CV | 3.7 | |
| Natura Cosmeticos | 3.4 | |
| Ultrapar Participacoes SA | 3.3 | |
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