The Ibero-America Fund Releases Monthly Portfolio Update

NEW YORK, Nov. 23, 2010 /PRNewswire/ -- The Ibero-America Fund, Inc.(NYSE: SNF) (the "Fund") today released its monthly portfolio update as of October 31, 2010.

    
    
                            The Ibero-America Fund, Inc. 
    
    Top 10 Equity Holdings w/Sector 
    
                                    Portfolio%                      Sector
      1)Telefonica SA                 12.19%              Telecommunication
                                                                   Services
      2)Banco Santander SA            11.18%                     Financials
      3)Inditex SA                     7.73%         Consumer Discretionary
      4)America Movil SAB de CV        5.91%              Telecommunication
                                                                   Services
      5)Banco Bilbao Vizcaya           5.34%                     Financials
        Argentaria SA
      6)Repsol YPF SA                  5.18%                         Energy
      7)Investimentos Itau SA          4.02%                     Financials
        (Preference Shares)
      8)Iberdrola SA                   3.20%                      Utilities
      9)Obrascon Huarte Lain SA        3.07%                    Industrials
      10) Ebro Puleva SA               2.86%               Consumer Staples
    
        Sector/Industry Breakdown
                                                                 Portfolio%
          Financials
            Commercial Banks                                         21.65%
            Diversified Financial Services                            5.70%
            Insurance                                                 1.97%
            Consumer Finance                                          1.80%
            Real Estate Management & Development                      0.67%
            SUBTOTAL                                                 31.79%
          Telecommunication Services
            Diversified Telecommunication Services                   12.19%
            Wireless Telecommunication Services                       5.91%
            SUBTOTAL                                                 18.10%
          Consumer Discretionary
            Specialty Retail                                          7.72%
            Household Durables                                        1.66%
            Diversified Consumer Services                             1.44%
            Hotels, Restaurants & Leisure                             0.45%
            SUBTOTAL                                                 11.27%
          Consumer Staples
            Food Products                                             6.19%
            Food & Staples Retailing                                  2.05%
            Beverages                                                 1.60%
            SUBTOTAL                                                  9.84%
          Energy
            Oil, Gas & Consumable Fuels                               6.15%
            Energy Equipment & Services                               2.51%
            SUBTOTAL                                                  8.66%
          Industrials
            Construction & Engineering                                4.09%
            Transportation Infrastructure                             1.99%
            Commercial Services & Supplies                            1.39%
            Machinery                                                 0.41%
            SUBTOTAL                                                  7.88%
          Utilities
            Electric Utilities                                        3.85%
            Gas Utilities                                             2.38%
            Independent Power Producers & Energy                      1.02%
            Traders
            SUBTOTAL                                                  7.25%
          Materials
            Metals & Mining                                           2.47%
            Paper & Forest Products                                   1.37%
            SUBTOTAL                                                  3.84%
          Health Care
            Health Care Providers & Services                          1.19%
            SUBTOTAL                                                  1.19%
          Short-Term Investments                                      0.18%
        Total                                                       100.00%
    
    Security Type Breakdown
                                                                 Portfolio%
        Common Stocks:
          Foreign                                                    99.82%
    
        Short-Term Investments:
          Investment Companies                                        0.18%
        Total Investments                                           100.00%
    
         Country Breakdown
         Portfolio %
         Spain                                                       71.54%
         Brazil                                                      16.91%
         Mexico                                                      10.72%
         Portugal                                                     0.65%
         Short-Term                                                   0.18%
    
        Total Investments                                           100.00%
    
        Portfolio Statistics:
          Total Net Assets:                                   $70.2 Million
          Net Asset Value:                                           $7.89
          Number of Holdings:                                           42
    

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.