The Ibero-America Fund Releases Monthly Portfolio Update

NEW YORK, July 26, 2011 /PRNewswire/ -- The Ibero-America Fund, Inc. (NYSE: SNF) (the "Fund") today released its monthly portfolio update as of June 30, 2011.

The Ibero-America Fund, Inc.
Top 10 Equity Holdings w/Sector
	Portfolio %	Sector
1) Telefonica SA	14.40%	Telecommunication
		Services
2) Banco Santander SA	10.26%	Financials
3) Inditex SA	8.00%	Consumer Discretionary
4) Iberdrola SA	7.46%	Utilities
5) Repsol YPF SA	6.44%	Energy
6) America Movil SAB de CV	4.92%	Telecommunication
		Services
7) Banco Bilbao Vizcaya	4.81%	Financials
Argentaria SA
8) Criteria Caixacorp SA	4.28%	Financials
9) Obrascon Huarte Lain SA	3.57%	Industrials
10) Grupo Catalana Occidente	2.09%	Financials
SA

Sector/Industry Breakdown
	Portfolio %
Financials
Commercial Banks	18.85%
Diversified Financial Services	5.78%
Insurance	2.09%
Consumer Finance	1.84%
Real Estate Management & Development	0.80%
SUBTOTAL	29.36%
Telecommunication Services
Diversified Telecommunication Services	14.40%
Wireless Telecommunication Services	4.92%
SUBTOTAL	19.32%
Consumer Discretionary
Specialty Retail	8.00%
Household Durables	2.17%
Auto Components	1.28%
Diversified Consumer Services	1.07%
Media	0.74%
Hotels, Restaurants & Leisure	0.63%
SUBTOTAL	13.89%
Energy
Oil, Gas & Consumable Fuels	9.89%
Energy Equipment & Services	2.06%
SUBTOTAL	11.95%
Utilities
Electric Utilities	8.06%
Gas Utilities	0.77%
SUBTOTAL	8.83%
Industrials
Construction & Engineering	5.52%
Commercial Services & Supplies	1.71%
Machinery	0.97%
SUBTOTAL	8.20%
Consumer Staples
Food & Staples Retailing	2.09%
Beverages	1.27%
Personal Products	0.65%
SUBTOTAL	4.01%
Health Care
Health Care Providers & Services	1.29%
Pharmaceuticals	0.81%
SUBTOTAL	2.10%
Materials
Metals & Mining	1.60%
SUBTOTAL	1.60%
Information Technology
IT Services	0.53%
SUBTOTAL	0.53%
Short-Term Investments	0.21%
Total	100.00%
Security Type Breakdown
	Portfolio %
Common Stocks:
Foreign	99.74%
Rights:
Foreign	0.05%
Short-Term Investments:
Investment Companies	0.21%
Total Investments	100.00%
Country Breakdown
	Portfolio %
Spain	73.57%
Brazil	14.00%
Mexico	11.31%
Portugal	0.60%
Chile	0.31%
Short-Term	0.21%
Total Investments	100.00%
Net Currency Exposure Breakdown	Portfolio %
Euro Dollar	74.85%
Brazilian Real	13.80%
Mexican Peso	11.19%
Chilean Peso	0.30%
Japanese Yen	0.06%
United States Dollar	-0.20%
Total Investments	100.00%
Portfolio Statistics:
Total Net Assets:	$70.41 Million
Net Asset Value:	$7.91
Number of Holdings:	44

The foregoing portfolio characteristics are as of the date indicated and can be expected to change. The Fund is a closed-end U.S.-registered management investment company advised by AllianceBernstein L. P.

SOURCE The Ibero-America Fund, Inc.

Copyright 2011 PR Newswire