PHILADELPHIA, June 22, 2017 /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 May 31,
2017.
The Fund's total returns for various periods through
May 31, 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
05/31/17
|
Annualized as of
05/31/17
|
|
1
Month
|
3
Month
|
YTD
|
1
Year
|
3
Years
|
5
Years
|
10
Years
|
Since
Inception
|
NAV
|
-2.2
|
2.2
|
13.6
|
29.4
|
-3.7
|
-0.4
|
1.9
|
9.7
|
Market
Price
|
-2.8
|
5.9
|
17.3
|
32.9
|
-4.0
|
-0.4
|
2.1
|
9.2
|
MSCI Emerging Markets
Latin America
|
-2.3
|
-1.7
|
9.6
|
27.8
|
-5.3
|
-2.9
|
-0.7
|
9.7¹
|
On May 31, 2017, the Fund's net
assets amounted to US$192.6 million
and the Fund's NAV per share was US$25.86.
As of May 31, 2017, the portfolio
was invested as follows:
Portfolio
Composition
|
Percent
of
Net Assets
|
Financials
|
26.2
|
Consumer
Staples
|
24.2
|
Consumer
Discretionary
|
12.2
|
Industrials
|
12.0
|
Real
Estate
|
7.2
|
Materials
|
6.7
|
Energy
|
5.7
|
Information
Technology
|
2.8
|
Health
Care
|
1.4
|
Cash
|
1.6
|
Portfolio
Composition
|
Geographic
Exposure %
|
Brazil
|
60.7
|
Mexico
|
22.0
|
Chile
|
11.0
|
Argentina
|
1.9
|
Peru
|
1.9
|
Colombia
|
1.6
|
United
States
|
0.9
|
The Fund's ten largest equity holdings as of May 31, 2017, representing 48.8% of net assets,
were:
Stock
|
Percent
of Net
Assets
|
Banco
Bradesco
|
7.6
|
Itau
Unibanco
|
7.2
|
Lojas
Renner
|
5.6
|
AMBEV
|
4.8
|
FEMSA
|
4.5
|
Multiplan
Empreendimentos
|
4.1
|
Vale
|
4.1
|
Grupo Financiero
Banorte
|
4.0
|
Ultrapar
Participacoes
|
3.7
|
S.A.C.I.
Falabella
|
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 (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 Aberdeen Asset Management Inc. are each a wholly owned
subsidiary of Aberdeen Asset Management PLC. Aberdeen Asset
Management PLC announced on March 6,
2017 that it entered into an agreement with Standard Life
plc to carry out an all-share merger, subject to regulatory and
other approvals. More information about the potential merger
can be found on Aberdeen's website at www.aberdeen-asset.com.
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
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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visit:http://www.prnewswire.com/news-releases/aberdeen-latin-america-equity-fund-inc-announces-performance-data-and-portfolio-composition-300478660.html
SOURCE Aberdeen Latin America Equity Fund, Inc.