The Ibero-America Fund Releases Monthly Portfolio Update

NEW YORK, April 27 /PRNewswire-FirstCall/ -- The Ibero-America Fund, Inc. (NYSE: SNF) (the "Fund") today released its monthly portfolio update as of March 31, 2010.

    
    
    Top 10 Equity Holdings
                                            Portfolio %         Sector
        1)Telefonica SA                          15.21%   Telecommunication
                                                               Services
        2)Banco Santander Central Hispano SA     13.02%      Financials
        3)Banco Bilbao Vizcaya Argentaria SA      6.48%      Financials
        4)Inditex SA                              5.88%         Consumer
                                                            Discretionary 
        5)America Movil SAB de CV Series L        4.79%   Telecommunication
                                                               Services
        6)Respol YPF SA                           4.76%          Energy
        7)Iberdrola SA                            3.32%       Utilities
        8)Obrascon Huarte Lain SA                 2.91%     Industrials
        9)Usinas Siderurgicas de Minas Gerais SA  2.83%       Materials
           (preference shares) – Class A
       10)Tecnicas Reunidas SA                    2.72%          Energy
    
    
    Sector/Industry Breakdown
    
                                                          Portfolio %
         Financials:
             Commercial Banks                                  22.93%
             Diversified Financial Services                     6.02%
             Insurance                                          1.76%
             Consumer Finance                                   1.15%
             Real Estate Management & Development               0.44%
             SUBTOTAL                                          32.30%
         Telecommunication Services:
             Diversified Telecommunication Services            15.21%
             Wireless Telecommunication Services                4.79%
             SUBTOTAL                                          20.00%
         Utilities:
             Electric Utilities                                 4.05%
             Independent Power Producers & Energy               2.91%
             Traders                                                 
             Gas Utilities                                      2.70%
             SUBTOTAL                                           9.66%
         Industrials:
             Construction & Engineering                         3.65%
             Transportation Infrastructure                      2.48%
             Commercial Services & Supplies                     1.92%
             Electrical Equipment                               1.04%
             Machinery                                          0.52%
             SUBTOTAL                                           9.61%
         Energy:
             Oil, Gas & Consumable Fuels                        4.76%
             Energy Equipment & Services                        2.72%
             SUBTOTAL                                           7.48%
         Consumer Discretionary:
             Specialty Retail                                   5.88%
             Household Durables                                 0.58%
             Hotels, Restaurants & Leisure                      0.53%
             Multiline Retail                                   0.36%
             SUBTOTAL                                           7.35%
         Materials:
             Metals & Mining                                    4.98%
             Paper & Forest Products                            0.47%
             SUBTOTAL                                           5.45%
         Consumer Staples:
             Food Products                                      4.30%
             Food & Staples Retailing                           0.35%
             SUBTOTAL                                           4.65%
         Information Technology:
             IT Services                                        2.78%
             Communications Equipment                           0.70%
             SUBTOTAL                                           3.48%
         
         Short-Term Investments                                 0.02%
         Total                                                100.00%
    
    
    Security Type Breakdown
                                                                    
                                                           Portfolio%
         Common Stocks:
            Foreign                                            99.98%
         Short-Term Investments                                 0.02%
         Total                                                100.00%
    
    Country Breakdown
                                                           Portfolio%
                Spain                                          81.41%
                Brazil                                          8.97%
                Mexico                                          8.43%
                Portugal                                        1.17%
                Short-Term                                      0.02%
                Total                                         100.00%
    
    
    Portfolio Statistics
           Total Net Assets:           $64.8 Million
           Net Asset Value:            $7.28
           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.