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


PHILADELPHIA, Feb. 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 January 31, 2018.

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. (PRNewsFoto/Aberdeen Asset Management Inc.)

The Fund's total returns for various periods through January 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 01/31/18

Annualized as of 01/31/18


1 Month

3 Month

YTD

1 Year

3 Years

5 Years

10 Years

Since Inception

NAV

10.3

12.2

10.3

34.5

12.6

-0.5

3.0

10.4

Market Price

11.0

13.0

11.0

41.6

13.0

-0.3

3.1

10.0

MSCI Emerging
Markets Latin
America

13.2

14.7

13.2

30.5

10.8

-1.2

0.5

10.5¹

 

On January 31, 2018, the Fund's net assets amounted to US$239.6 million and the Fund's NAV per share was US$32.17.

As of January 31, 2018, the portfolio was invested as follows:

Portfolio Composition

Percent of 
Net Assets

Financials

29.8

Consumer Staples

20.6

Consumer Discretionary

12.8

Industrials

10.6

Materials

7.5

Real Estate

7.0

Energy

4.9

Information Technology

3.6

Health Care

1.6

Cash

1.5

 

Portfolio Composition

Geographic Exposure %

Brazil

61.6

Mexico

20.6

Chile

9.8

Argentina

3.6

Peru

1.7

Colombia

1.4

United States

1.2

 

The Fund's ten largest equity holdings as of January 31, 2018, representing 48.0% of net assets, were:

Stock

Percent of

Net Assets

Itau Unibanco

8.4

Banco Bradesco

8.3

Lojas Renner

5.0

AMBEV

4.8

Multiplan Empreendimentos

3.8

Grupo Financiero Banorte

3.8

FEMSA

3.8

Ultrapar Participacoes

3.7

S.A.C.I. Falabella

3.2

Bradspar SA

3.1

 

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").  The merger of Standard Life plc and Aberdeen PLC, announced on March 6, 2017 ("Merger"), closed on August 14, 2017.  Aberdeen PLC became a direct subsidiary of Standard Life plc as a result of the Merger and the combined company changed its name to Standard Life Aberdeen plc. Shareholders of the Fund are not required to take any action as a result of the Merger. Following the Merger, the Fund's Investment Adviser and Administrator are each an indirect subsidiary of Standard Life Aberdeen plc, but otherwise did not change. The investment advisory and administration agreements for the Fund, the services provided under the agreements, and the fees charged for services did not change as a result of the Merger. The portfolio management team for the Fund did not change as a result of the Merger. 

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: [email protected]

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.   

 

SOURCE Aberdeen Latin America Equity Fund, Inc.


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