The Ibero-America Fund Releases Monthly Portfolio Update

NEW YORK, July 28 /PRNewswire-FirstCall/ -- The Ibero-America Fund, Inc. (NYSE: SNF) (the "Fund") today released its monthly portfolio update as of June 30, 2010.

    
           
    Top 10 Equity Holdings                     Portfolio %  Sector
    
                                                            Telecommunication
    1) Telefonica SA                           14.41%        Services
    
    2) Banco Santander SA                      12.47%       Financials
    
                                                            Consumer
    3) Inditex SA                              6.38%         Discretionary
    
    4) Banco Bilbao Vizcaya Argentaria SA      5.92%        Financials
    
                                                            Telecommunication
    5) America Movil SAB de CV                 5.28%         Services
    
    6) Repsol YPF SA                           4.91%        Energy
    
    7) Ebro Puleva SA                          2.86%        Consumer Staples
    
    8) Obrascon Huarte Lain SA                 2.72%        Industrials
    
    9) Iberdrola SA                            2.67%        Utilities
    
    10) Usinas Siderurgicas de Minas 
        Gerais SA – Class A 
       (Preference Shares)                     2.66%        Materials
    
    
    
    Sector/Industry Breakdown                         Portfolio %
                                                          
    Financials
        Commercial Banks                                  21.93%
        Diversified Financial Services                     5.80%
        Consumer Finance                                   1.73%
        Insurance                                          1.55%
        Real Estate Management & Development               0.95%
        SUBTOTAL                                          31.96%
    Telecommunication Services
        Diversified Telecommunication Services            14.41%
        Wireless Telecommunication Services                5.28%
        SUBTOTAL                                          19.69%
    Consumer Staples
        Food Products                                      6.43%
        Food & Staples Retailing                           2.16%
        Beverages                                          1.49%
        SUBTOTAL                                          10.08%
    Consumer Discretionary
        Specialty Retail                                   6.38%
        Multiline Retail                                   1.10%
        Diversified Consumer Services                      1.00%
        Household Durables                                 0.95%
        SUBTOTAL                                           9.43%
    Utilities
        Electric Utilities                                 3.44%
        Gas Utilities                                      2.78%
        Independent Power Producers & Energy Traders       1.23%
        SUBTOTAL                                           7.45%
    Energy
        Oil, Gas & Consumable Fuels                        4.91%
        Energy Equipment & Services                        2.39%
        SUBTOTAL                                           7.30%
    Industrials
        Construction & Engineering                         2.72%
        Commercial Services & Supplies                     2.19%
        Transportation Infrastructure                      1.33%
        SUBTOTAL                                           6.24%
    Materials
        Metals & Mining                                    5.00%
        Paper & Forest Products                            0.90%
        SUBTOTAL                                           5.90%
    Health Care
        Health Care Providers & Services                   1.18%
        SUBTOTAL                                           1.18%
    Information Technology
        IT Services                                        0.72%
        SUBTOTAL                                           0.72%
    
    Short-Term Investments                                 0.05%
    
    Total                                                100.00%
    
    
    
    Security Type Breakdown                               Portfolio%
    
         Common Stocks:
            Foreign                                           99.95%
         Short-Term Investments                                         
            Investment Companies                               0.05%
         Total                                               100.00%
    
    Country Breakdown                                      Portfolio%
    
                                              
                Spain                                          72.63%
                Brazil                                         14.99%
                Mexico                                         11.22%
                Portugal                                        0.66%
                Chile                                           0.45%
                Short-Term                                      0.05%
                Total                                         100.00%
    
    
    Portfolio Statistics
      Total Net Assets:       $53.1 Million
      Net Asset Value:        $5.96
      Number of Holdings:     44

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.

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED