PHILADELPHIA, Oct. 20, 2017 /PRNewswire/ -- Aberdeen
Latin America Equity Fund, Inc. (the "Fund") (NYSE American:
LAQ), a closed-end equity fund, announced today its performance
data and portfolio composition as of September 30, 2017.
The Fund's total returns for various periods through
September 30, 2017 are provided
below. (All figures are based on distributions reinvested at
the dividend reinvestment price and are stated
net-of-fees):
|
Cumulative as of
09/30/17
|
Annualized as of
09/30/17
|
|
1 Month
|
3 Month
|
YTD
|
1 Year
|
3 Years
|
5 Years
|
10 Years
|
Since
Inception
|
NAV
|
2.2
|
16.2
|
33.6
|
27.8
|
3.3
|
0.4
|
2.5
|
10.2
|
Market
Price
|
2.3
|
18.2
|
38.3
|
30.6
|
3.1
|
0.3
|
2.6
|
9.8
|
MSCI Emerging Markets
Latin America
|
1.6
|
15.1
|
27.0
|
26.0
|
0.0
|
-1.6
|
-0.5
|
10.21
|
On September 30, 2017, the Fund's
net assets amounted to US$226.4
million and the Fund's NAV per share was US$30.40.
As of September 30, 2017, the
portfolio was invested as follows:
Portfolio
Composition
|
Percent
of
Net Assets
|
Financials
|
28.3
|
Consumer
Staples
|
21.8
|
Consumer
Discretionary
|
13.5
|
Industrials
|
11.6
|
Real
Estate
|
7.1
|
Materials
|
6.9
|
Energy
|
5.2
|
Information
Technology
|
2.8
|
Health
Care
|
1.5
|
Cash
|
1.2
|
Portfolio
Composition
|
Geographic
Exposure %
|
Brazil
|
61.2
|
Mexico
|
20.9
|
Chile
|
10.6
|
Argentina
|
2.9
|
Peru
|
2.1
|
Colombia
|
1.4
|
United
States
|
0.9
|
The Fund's ten largest equity holdings as of September 30, 2017, representing 46.9% of net
assets, were:
Stock
|
Percent
of
Net
Assets
|
Banco
Bradesco
|
7.5
|
Itau
Unibanco
|
7.4
|
Lojas
Renner
|
5.4
|
AMBEV
|
4.8
|
Multiplan
Empreendimentos
|
4.1
|
FEMSA
|
3.9
|
Grupo Financiero
Banorte
|
3.8
|
Ultrapar
Participacoes
|
3.7
|
S.A.C.I.
Falabella
|
3.2
|
Arezzo Industria e
Comercio
|
2.9
|
Important Information
Aberdeen Asset Management
Inc. (the "Administrator") has prepared this report based on
information sources believed to be accurate and reliable.
However, the figures are unaudited and neither the Fund, the
Administrator, Aberdeen Asset Managers 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.
The Investment Adviser and the Administrator are each a
subsidiary of Aberdeen Asset Management PLC ("Aberdeen PLC").
The merger of Standard Life plc and Aberdeen PLC, announced on
March 6, 2017 ("Merger"), closed on
August 14, 2017. Aberdeen PLC
became a direct subsidiary of Standard Life plc as a result of the
Merger and the combined company changed its name to Standard Life
Aberdeen plc. Shareholders of the Fund are not required to take any
action as a result of the Merger. Following the Merger, the Fund's
Investment Adviser and Administrator are each an indirect
subsidiary of Standard Life Aberdeen plc, but otherwise did not
change. The investment advisory and administration agreements for
the Fund, the services provided under the agreements, and the fees
charged for services did not change as a result of the Merger. The
portfolio management team for the Fund did not change as a result
of the Merger.
Closed-end funds are traded on the secondary market through one
of the stock exchanges. The Fund's 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 the Fund
will achieve its investment objective.
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
1 For the MSCI Emerging Markets Latin America
benchmark, the returns provided for since inception are based on
month-end level valuations as of October
31, 1991.
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SOURCE Aberdeen Latin America Equity Fund, Inc.