PHILADELPHIA, March 17, 2015 /PRNewswire/ -- Aberdeen
Latin America Equity Fund, Inc. (the "Fund") (NYSE MKT: LAQ), a
closed-end equity fund, announced today its performance data and
portfolio composition as of February 28,
2015.
The Fund's total returns for various periods through
February 28, 2015 are provided
below. (All figures are based on distributions reinvested at
the dividend reinvestment price and are stated
net-of-fees):
|
Cumulative as of
02/28/15
|
Annualized as of
02/28/15
|
|
1 Month
|
3 Month
|
YTD
|
1 Year
|
3 Years
|
5 Years
|
10 Years
|
Since
Inception
|
|
NAV
|
3.7
|
-9.1
|
-1.7
|
-7.8
|
-8.3
|
-0.4
|
10.6
|
10.2
|
|
Market
Price
|
2.2
|
-11.7
|
-2.0
|
-8.9
|
-8.9
|
-0.6
|
10.7
|
9.7
|
|
MSCI Emerging
Markets Latin America
|
4.2
|
-11.1
|
-2.2
|
-6.7
|
-11.8
|
-4.5
|
8.2
|
10.6
|
On February 28, 2015, the Fund's
net assets amounted to US$183.1
million and the Fund's NAV per share was $24.58.
As of February 28, 2015, the
portfolio was invested as follows:
|
Portfolio
Composition
|
Percent
of
Net Assets
|
|
Financials
|
33.8
|
|
Consumer
Staples
|
25.9
|
|
Industrials
|
12.1
|
|
Consumer
Discretionary
|
8.0
|
|
Materials
|
8.0
|
|
Energy
|
6.6
|
|
Information
Technology
|
2.2
|
|
Health
Care
|
1.5
|
|
Utilities
|
0.7
|
|
Cash
|
1.2
|
The Fund's ten largest equity holdings as of February 28, 2015, representing 50.2% of net
assets, were:
|
Stock
|
Percent
of
Net
Assets
|
|
Banco
Bradesco
|
8.6
|
|
Itau
Unibanco
|
6.4
|
|
Vale
|
6.4
|
|
FEMSA
|
5.2
|
|
Multiplan
Empreendimentos
|
4.5
|
|
Lojas
Renner
|
4.4
|
|
Grupo Financiero
Banorte
|
4.1
|
|
AMBEV
|
4.1
|
|
Ultrapar
Participacoes
|
3.5
|
|
Walmart De
Mexico
|
3.1
|
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 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. Aberdeen is a U.S.
registered service mark of Aberdeen Asset Management PLC.
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
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/aberdeen-latin-america-equity-fund-inc-announces-performance-data-and-portfolio-composition-300051894.html
SOURCE Aberdeen Latin America Equity Fund, Inc.