The Latin America Equity Fund, Inc. Announces Performance Data and Portfolio Composition

Jan 06, 2010, 15:16 ET from The Latin America Equity Fund, Inc.

PHILADELPHIA, Jan. 6 /PRNewswire-FirstCall/ -- The Latin America Equity Fund, Inc. (the "Fund") (NYSE Amex: LAQ), a closed-end equity fund, announced today its performance data and portfolio composition as of November 30, 2009.

The Fund's total returns for various periods through November 30, 2009 are provided below. (All figures are based on distributions reinvested at the dividend reinvestment price and are stated net-of-fees):




    Period                 NAV Total Return %     Market Price Total Return %
    ------                 ------------------      ---------------------------
                   Cumulative   Annualized    Cumulative      Annualized
                   ----------   ----------    ----------      ----------
    Since
     inception           883.7         13.5         724.1             12.4
    ----------           -----         ----         -----             ----
    (October 1991)
    --------------
    10-years             445.1         18.5         550.7             20.6
    --------             -----         ----         -----             ----
    5-years              242.9         27.9         252.9             28.7
    -------              -----         ----         -----             ----
    3-years               53.9         15.4          50.6             14.6
    -------               ----         ----          ----             ----
    1-year                            110.8                          139.1
    ------                            -----                          -----


On November 30, 2009, the Fund's net assets amounted to US$264.4 million and the Fund's NAV per share was $43.29.

As of November 30, 2009, the portfolio was invested as follows:




                                                      Percent of
    Portfolio Composition                             Net Assets
    ---------------------                            ----------
    Financials                                                20.3
    ----------                                                ----
    Consumer, Non-Cyclical                                    18.3
    ----------------------                                    ----
    Basic Materials                                           16.7
    ---------------                                           ----
    Consumer, Cyclical                                         9.9
    ------------------                                         ---
    Energy                                                     8.9
    ------                                                     ---
    Industrials                                                8.8
    -----------                                                ---
    Communications                                             8.1
    --------------                                             ---
    Other                                                      6.9
    -----                                                      ---
    Utilities                                                  1.6
    ---------                                                  ---
    Diversified                                                0.5
    -----------                                                ---


The Fund's ten largest equity holdings as of November 30, 2009, representing 51.9% of net assets, were:




                                                   Percent of Net
    Stock                                               Assets
    -----                                          --------------
    Petroleo Brasileiro SA Petrobas                            8.9
    -------------------------------                            ---
    Vala SA                                                    8.6
    -------                                                    ---
    America Movil SAB de CV                                    5.4
    -----------------------                                    ---
    Banco Bradesco SA                                          5.3
    -----------------                                          ---
    Fomento Economico Mexicano SAB de CV                       4.6
    ------------------------------------                       ---
    Lojas Renner SA                                            4.2
    ---------------                                            ---
    Ultrapar Participacoes SA                                  3.9
    -------------------------                                  ---
    Grupo Financiero Banorte SAB de CV                         3.8
    ----------------------------------                         ---
    Tenarsis SA                                                3.7
    -----------                                                ---
    Naturo Cosmeticos SA                                       3.5
    --------------------                                       ---


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 Management Investment Services 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.

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.

If you wish to receive this information electronically, please contact: InvestorRelations@aberdeen-asset.com

SOURCE The Latin America Equity Fund, Inc.