Aberdeen Latin America Equity Fund, Inc. Announces Performance Data And Portfolio Composition - WCIV-TV | ABC News 4 - Charleston News, Sports, Weather

Aberdeen Latin America Equity Fund, Inc. Announces Performance Data And Portfolio Composition

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SOURCE Aberdeen Latin America Equity Fund, Inc.

PHILADELPHIA, Sept. 2, 2014 /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 July 31, 2014.

Aberdeen Asset Management Inc. At Aberdeen, asset management is our business. We only manage assets for clients, allowing us to focus solely on their needs and deliver independent, objective investment advice. We know global markets from the local level upwards, drawing on more than 1,900 staff, across 32 offices in 23 countries. Investment teams are based in the markets or regions where they invest, delivering local perspective in a global investment environment.

The Fund's total returns for various periods through July 31, 2014 are provided below.  (All figures are based on distributions reinvested at the dividend reinvestment price and are stated net-of-fees):    


Cumulative as of 07/31/14

Annualized as of 07/31/14


1

Month

3

Month

YTD

1

Year

3

Years

5

Years

10

Years

Since

Inception

NAV

-0.1

3.4

5.1

6.9

-0.7

9.4

18.1

11.6

Market Price

-0.6

3.9

5.9

7.4

-0.2

9.4

19.0

11.1

MSCI Emerging Markets
  Latin America

1.1

5.2

8.5

11.6

-4.4

4.2

15.5

12.0

 

On July 31, 2014, the Fund's net assets amounted to US$244.5 million and the Fund's NAV per share was $32.82.

As of July 31, 2014, the portfolio was invested as follows:

 

Portfolio Composition

Percent of

Net Assets

Financials

29.7

Consumer Staples

20.5

Energy

13.7

Industrials

11.4

Materials

11.3

Consumer Discretionary

8.3

Information Technology

1.8

Health Care

1.4

Utilities

0.5

Cash

1.3

The Fund's ten largest equity holdings as of July 31, 2014, representing 54.5% of net assets, were:

 

Stock

Percent of

Net Assets

Vale

9.2

Banco Bradesco

9.1

Petrobras

7.5

Itau Unibanco

5.9

FEMSA

4.3

Lojas Renner

4.1

Grupo Financiero Banorte

3.9

Multiplan Empreendimentos

3.8

AMBEV

3.6

Ultrapar Participacoes

3.2

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 (effective March 1, 2012, 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

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