PHILADELPHIA, April 23, 2018 /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 March 31, 2018.
The Fund's total returns for various periods through
March 31, 2018 are provided
below. (All figures are based on distributions reinvested at
the dividend reinvestment price and are stated
net-of-fees):
|
Cumulative as of
03/31/18
|
Annualized as of
03/31/18
|
|
1
Month
|
3
Month
|
YTD
|
1 Year
|
3 Years
|
5 Years
|
10 Years
|
Since
Inception
|
NAV
|
-3.6
|
1.7
|
1.7
|
14.9
|
11.1
|
-2.0
|
2.0
|
10.0
|
Market
Price
|
-3.9
|
2.5
|
2.5
|
18.2
|
12.4
|
-1.8
|
2.4
|
9.6
|
MSCI Emerging
Markets Latin
America
|
-0.9
|
8.1
|
8.1
|
19.7
|
10.5
|
-1.6
|
-0.5
|
10.2¹
|
On March 31, 2018, the Fund's net
assets amounted to US$221.0 million
and the Fund's NAV per share was US$29.66.
As of March 31, 2018, the
portfolio was invested as follows:
Portfolio
Composition
|
Percent of
Net Assets
|
Financials
|
24.1
|
Information
Technology
|
21.3
|
Consumer
Staples
|
16.0
|
Materials
|
8.3
|
Energy
|
6.9
|
Telecommunications
|
5.0
|
Industrials
|
4.4
|
Consumer
Discretionary
|
2.9
|
Real
Estate
|
2.8
|
Cash
|
8.2
|
Portfolio
Composition
|
Geographic
Exposure %
|
Mexico
|
25.5
|
Brazil
|
18.7
|
China
|
13.6
|
United
States
|
6.9
|
South
Korea
|
5.9
|
India
|
5.7
|
South
Africa
|
4.7
|
Argentina
|
4.5
|
Chile
|
4.4
|
Taiwan
|
3.9
|
Luxembourg
|
3.6
|
Russia
|
1.9
|
Colombia
|
0.8
|
The Fund's ten largest equity holdings as of March 31, 2018, representing 47.9% of net assets,
were:
Stock
|
Percent
of
Net
Assets
|
Itau
Unibanco
|
8.7
|
Samsung
Electronics
|
5.9
|
Tencent Holdings
Ltd.
|
5.5
|
Walmart de
Mexico
|
4.7
|
FEMSA
|
4.6
|
Grupo Financiero
Banorte
|
3.9
|
Taiwan
Semiconductor
|
3.9
|
China
Mobile
|
3.6
|
iShares Latin America
40 ETF
|
3.6
|
Ultrapar
Participacoes
|
3.5
|
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").
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@aberdeenstandard.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.