The Ibero-America Fund Releases Monthly Portfolio Update

NEW YORK, March 26 /PRNewswire-FirstCall/ -- The Ibero-America Fund, Inc. (NYSE: SNF) (the "Fund") today released its monthly portfolio update as of February 28, 2010.

    
    
    Top 10 Equity Holdings
                                            Portfolio %         Sector
        1)Telefonica SA                          16.91% Telecommunication
                                                              Services
        2)Banco Santander Central Hispano SA     13.47%     Financials
        3)Banco Bilbao Vizcaya Argentaria SA      6.49%     Financials
        4)Repsol YPR SA                           4.80%         Energy 
        5)America Movil SAB de CV Series L        4.47% Telecommunication
                                                              Services
        6)Inditex SA                              4.01%       Consumer
                                                            Discretionary
        7)Iberdrola SA                            3.33%      Utilities
        8)Ebro Puleva SA                          2.90%       Consumer
                                                               Staples
        9)Corporacion Financiera Alba             2.75%     Financials
       10)Iberdrola Renovables SA                 2.63%      Utilities
    
    
    Sector/Industry Breakdown
                                                          Portfolio %
         Financials:
             Commercial Banks                                  22.70%
             Diversified Financial Services                     6.07%
             Insurance                                          1.87%
             Consumer Finance                                   1.17%
             Real Estate Management & Development               0.51%
             SUBTOTAL                                          32.32%
         Telecommunication Services:
             Diversified Telecommunication Services            16.91%
             Wireless Telecommunication Services                4.47%
             SUBTOTAL                                          21.38%
         Industrials:
             Construction & Engineering                         4.00%
             Transportation Infrastructure                      2.56%
             Commercial Services & Supplies                     1.97%
             Electrical Equipment                               1.00%
             Machinery                                          0.53%
             SUBTOTAL                                          10.06%
         Utilities:
             Electric Utilities                                 4.04%
             Independent Power Producers & Energy               3.12%
             Traders
             Gas Utilities                                      2.79%
             SUBTOTAL                                           9.95%
         Energy:
             Oil, Gas & Consumable Fuels                        4.80%
             Energy Equipment & Services                        2.57%
             SUBTOTAL                                           7.37%
         Consumer Discretionary:
             Specialty Retail                                   4.01%
             Household Durables                                 0.58%
             Hotels, Restaurants & Leisure                      0.47%
             Multiline Retail                                   0.36%
             SUBTOTAL                                           5.42%
         Consumer Staples:
             Food Products                                      4.63%
             Food & Staples Retailing                           0.36%
             SUBTOTAL                                           4.99%
         Materials:
             Metals & Mining                                    4.50%
             Paper & Forest Products                            0.42%
             SUBTOTAL                                           4.92%
         Information Technology:
             IT Services                                        2.64%
             Communications Equipment                           0.81%
             SUBTOTAL                                           3.45%
         
         Short-Term Investments                                 0.14%
         Total                                                100.00%
    
    
    Security Type Breakdown
                                                           Portfolio%
         Common Stocks:
            Foreign                                            99.86%
         Short-Term Investments                                 0.14%
         Total                                                100.00%
    
    Country Breakdown
                                                           Portfolio%
                Spain                                          83.38%
                Mexico                                          7.97%
                Brazil                                          7.80%
                Portugal                                        0.71%
                Short-Term                                      0.14%
                Total                                         100.00%
    
    
    Portfolio Statistics
          Total Net Assets:    $61.5 Million
          Net Asset Value:     $6.90
          Number of Holdings:  43

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.