The Latin America Equity Fund, Inc. Announces Performance Data and Portfolio Composition
November 02 2009 - 12:45PM
PR Newswire (US)
PHILADELPHIA, Nov. 2 /PRNewswire-FirstCall/ -- The 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 September 30, 2009. The Fund's total returns for
various periods through September 30, 2009 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 782.5 12.9 645.7 11.9
(October 1991) 10-years 465.6 18.9 603.4 21.5 5-years 244.6 28.1
270.9 30.0 3-years 59.2 16.8 58.0 16.5 1-year 19.2 20.2 On
September 30, 2009, the Fund's net assets amounted to US$238.9
million and the Fund's NAV per share was $38.85. As of September
30, 2009, the portfolio was invested as follows: Portfolio
Composition Percent of Net Assets Basic Materials 19.8 Financials
18.9 Energy 16.9 Communications 12.3 Consumer, Non-Cyclical 11.3
Consumer, Cyclical 5.0 Utilities 5.0 Industrials 4.2 Other 4.1
Diversified 2.5 The Fund's ten largest equity holdings as of
September 30, 2009, representing 48.4% of net assets, were: Stock
Percent of Net Assets Petroleo Brasileiro SA Petrobas 16.9 Vala SA
8.9 America Movil SAB de CV 5.4 Banco Bradesco SA 3.2 Vale SA 2.9
Itau Unibanco Holding SA 2.6 Fomento Economico Mexicano SAB de CV
2.2 Itau Unibanco Banco 2.2 Gerdau SA 2.1 Investimentos Itau SA 2.0
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: DATASOURCE: The Latin
America Equity Fund, Inc. CONTACT: Aberdeen Asset Management Inc.,
Investor Relations, +1-866-839-5205,
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