The Latin America Equity Fund, Inc. Announces Performance Data and Portfolio Composition
February 04 2010 - 4:08PM
PR Newswire (US)
PHILADELPHIA, Feb. 4 /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 December 31, 2009. The Fund's total returns for
various periods through December 31, 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 910.7 13.6 755.7 12.5
(October 1991) 10-years 369.6 16.7 475.5 19.1 5-years 222.3 26.4
229.8 26.9 3-years 46.5 13.6 41.7 12.3 1-year 109.3 120.9 On
December 31, 2009, the Fund's net assets amounted to US$265.1
million and the Fund's NAV per share was $43.42. As of December 31,
2009, the portfolio was invested as follows: Portfolio Composition
Percent of Net Assets Financials 20.9 Consumer, Non-Cyclical 18.9
Basic Materials 16.9 Industrials 11.5 Consumer, Cyclical 10.4
Energy 8.7 Communications 8.2 Other 2.1 Utilities 1.8 Diversified
0.6 The Fund's ten largest equity holdings as of December 31, 2009,
representing 52.7% of net assets, were: Stock Percent of Net Assets
Petroleo Brasileiro SA Petrobas 8.7 Vala SA 8.6 America Movil SAB
de CV 5.5 Banco Bradesco SA 5.5 Fomento Economico Mexicano SAB de
CV 4.5 Lojas Renner SA 4.3 Grupo Financiero Banorte SAB de CV 4.0
Tenarsis SA 4.0 Naturo Cosmeticos SA 3.8 Ultrapar Participacoes SA
3.8 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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