Corporate Social Responsibility | Business Wire | PR NewsWire | Marketwire | Realwire | ACN/JCN newswire | 247pressrelease | PRWeb

The Latin America Equity Fund, Inc. Announces Performance Data and Portfolio Composition

Posted : Mon, 02 Nov 2009 17:45:25 GMT
Author : The Latin America Equity Fund, Inc.
Category : Press Release
News Alerts by Email ( click here )
News | Home
PHILADELPHIA, Nov. 2 PA-Aberdeen-LAQ-data

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: InvestorRelations@aberdeen-asset.com

SOURCE The Latin America Equity Fund, Inc.


Copyright © 2008 PR Newswire. All rights reserved.

Share/Save/Bookmark

Article : The Latin America Equity Fund, Inc. Announces Performance Data and Portfolio Composition
Print this article
Share this article

Stay Updated

News gadget on your Google homepage
Subscribe to a news feed in Google Reader



Related News

ShutterBuddy, Your Baby Snapshot Sidekick: How the Genesis of an Invention Can Be a Pushy Mother-in-Law
ATLANTA, Nov. 23 /PRNewswire/ -- First-time parents Brendan and Molly Parnell of Atlanta, Georgia were struggling with the same problem many parents face as they were trying to take the perfect photo of their five-week-old daughter, Audrey, under the Christmas tree - a situ...

Intouch IT7150 Wireless Internet Frame Allows Families to Seamlessly Flip Through Photos and Digital Entertainment this Holiday Season
ATLANTA, Nov. 23 /PRNewswire/ -- The Intouch IT7150 wireless Internet frame from Giant International is the picture perfect holiday gift for everyone in the family from mom and dad, to college age siblings and grandparents. It is the fi...

Natural Remedies to Help Pets Relax for the Holidays
NORTH ANDOVER, Mass., Nov. 23 /PRNewswire/ -- Whether you're entertaining or traveling this holiday season, disruptions in a household's daily routine can negatively affect your pet's behavior. Recent research shows that upwards of 10.7 million pets in the United States suffer from sepa...

2009 Holiday Gift Ideas for the Outdoors Enthusiast
NORMAN, Okla., Nov. 23 /PRNewswire/ -- This holiday season, consider one of these great gift ideas when shopping for anyone in your life who loves to spend time outdoors. And while you're at it, pick something up for yourself. Coleman Elite Series Tents ...

Motorola Talkabout(R) MJ270R Two-Way Radios -- The Holiday Gift that Goes the Distance
LIBERTYVILLE, Ill., Nov. 23 -- Motorola makes gift giving easy by providing a dependable communication tool for winter getaways and active outdoor adventures. Talkabout® MJ270R two-way radios are a practical gift option or holiday stocking stuffer, and help k...

Tis' the Season to Eat and Eat More!
NORTH ANDOVER, Mass., Nov. 23 /PRNewswire/ -- This time of year brings lots of cheer but also its fair share of stress and anxiety. Often these feelings, both positive and negative, translate into urges to overeat as a way of coping; and let's face it, there are lots of opportunities to...

Holiday III Feature Package
The following feature package is a roundup of feature stories dealing with Holiday issues and is appropriate for special sections and for general use. For those receiving this copy via computer, the stories are easily identified by the initial word of the slug: "Holiday."...

Have your Say
Name
Email
Subject
Your Comment

Enter Verification code
 
  

 
Follow The Earth Times
Subscribe to RSS Follow Earth Times on TwitterNews by email
Share/Save/Bookmark
 
 



 
Subscribe to free Earthtimes
News Alerts by Email Click here
For RSS Feeds Click here
or Create your own RSS

Add to Google Toolbar
Breaking News
Press Releases

 


The Earth Times
News Category

© 2009 www.earthtimes.org, The Earth Times, All Rights Reserved | Privacy Policy
Earth Times accept no responsibility or liability either directly or indirectly for views or opinions expressed in articles or comments.