ABERDEEN LATIN AMERICA EQUITY FUND, INC. PHILADELPHIA, Sept. 22, 2016 /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 August 31, 2016.
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The Fund's total returns for various periods through August 31, 2016 are provided below. (All figures are based on distributions reinvested at the dividend reinvestment price and are stated net-of-fees):
Cumulative as of
08/31/16 Annualized as of 08/31/16
----------------- -------------------------
1 Month 3 Month YTD 1 Year 3 Years 5 Years 10 Years Since Inception
------- ------- --- ------ ------- ------- -------- ---------------
NAV -0.5 19.2 40.0 26.7 -4.1 -3.7 5.7 9.6
--- ---- ---- ---- ---- ---- ---- --- ---
Market
Price -0.1 19.7 39.2 25.8 -4.7 -4.3 5.1 9.0
------ ---- ---- ---- ---- ---- ---- --- ---
MSCI
Emerging
Markets
Latin
America 0.7 18.5 33.6 20.1 -4.8 -7.1 2.8 9.7 (1)
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On August 31, 2016, the Fund's net assets amounted to US$180.1 million and the Fund's NAV per share was US$24.17.
As of August 31, 2016, the portfolio was invested as follows:
Portfolio Composition Percent of
Net Assets
--- ----------
Financials 33.7
---------- ----
Consumer Staples 24.8
---------------- ----
Industrials 12.8
----------- ----
Consumer Discretionary 9.5
---------------------- ---
Energy 6.8
------ ---
Materials 5.8
--------- ---
Information Technology 1.9
---------------------- ---
Health Care 1.6
----------- ---
Utilities 0.6
--------- ---
Cash 2.5
---- ---
Portfolio Composition Geographic Exposure %
--------------------- --------------------
Brazil 59.9
------ ----
Mexico 21.3
------ ----
Chile 10.3
----- ----
Peru 2.6
---- ---
Argentina 2.4
--------- ---
United States 2.1
------------- ---
Colombia 1.5
-------- ---
The Fund's ten largest equity holdings as of August 31, 2016, representing 48.9% of net assets, were:
Stock Percent of
Net Assets
--- ----------
Banco Bradesco 8.1
-------------- ---
Itau Unibanco 7.3
------------- ---
Lojas Renner 5.5
------------ ---
AMBEV 4.8
----- ---
Multiplan Empreendimentos 4.4
------------------------- ---
FEMSA 4.1
----- ---
Grupo Financiero Banorte 4.0
------------------------ ---
Ultrapar Participacoes 3.9
---------------------- ---
BRF Brasil Foods SA 3.6
------------------- ---
Vale 3.0
---- ---
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. 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.
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.
If you wish to receive this information electronically, please contact: InvestorRelations@aberdeen-asset.com
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SOURCE Aberdeen Latin America Equity Fund, Inc.
