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

PHILADELPHIA, May 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 April 30, 2017.

The Fund's total returns for various periods through April 30, 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 04/30/17			Annualized as of 04/30/17
	1 Month	3 Month	YTD	1 Year	3 Years	5 Years	10 Years	Since Inception
NAV	0.9	8.9	16.2	20.6	-2.9	-2.0	3.3	9.8
Market Price	1.6	12.5	20.8	24.5	-2.8	-2.2	3.3	9.3
MSCI Emerging Markets Latin America	0.0	4.2	12.2	16.7	-4.5	-5.1	0.6	9.8¹

 

On April 30, 2017, the Fund's net assets amounted to US$197.0 million and the Fund's NAV per share was US$26.45.

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.   

As of April 30, 2017, the portfolio was invested as follows:

Portfolio Composition	Percent of Net Assets
Financials	27.1
Consumer Staples	23.5
Consumer Discretionary	12.2
Industrials	12.0
Real Estate	7.5
Materials	6.7
Energy	5.5
Information Technology	2.7
Health Care	1.3
Cash	1.5

 

Portfolio Composition	Geographic Exposure %
Brazil	62.1
Mexico	21.6
Chile	10.7
Argentina	2.0
Peru	1.8
Colombia	1.4
United States	0.4

 

The Fund's ten largest equity holdings as of April 30, 2017, representing 49.7% of net assets, were:

 

Stock	Percent of Net Assets
Banco Bradesco	8.2
Itau Unibanco	8.0
Lojas Renner	5.6
AMBEV	4.7
Multiplan Empreendimentos	4.3
FEMSA	4.2
Vale	4.1
Grupo Financiero Banorte	4.0
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. 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.

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SOURCE Aberdeen Latin America Equity Fund, Inc.

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