NEW YORK, Jan. 25, 2011 /PRNewswire/ -- The Ibero-America Fund, Inc.(NYSE: SNF) (the "Fund") today released its monthly portfolio update as of December 31, 2010. 

                     The Ibero-America Fund, Inc.


    Top 10 Equity Holdings w/
     Sector
                                     Portfolio %             Sector
    1) Telefonica SA                       11.72%  Telecommunication
                                                            Services
    2) Banco Santander SA                   9.83%         Financials
                                                            Consumer
    3) Inditex SA                           7.24%      Discretionary
    4) America Movil SAB de CV              6.19%  Telecommunication
                                                            Services
    5) Repsol YPF SA                        5.47%             Energy
    6) Banco Bilbao Vizcaya                 4.32%         Financials
    Argentaria SA
    7) Iberdrola SA                         3.07%          Utilities
    8) Obrascon Huarte Lain SA              2.99%        Industrials
    9) Ebro Puleva SA                       2.89%   Consumer Staples
    10) Viscofan SA                         2.77%   Consumer Staples




    Sector/Industry Breakdown
                                         Portfolio %
    Financials
    Commercial Banks                           18.51%
    Diversified Financial Services              5.71%
    Consumer Finance                            2.33%
    Insurance                                   1.70%
    Real Estate Management &
     Development                                0.75%
    SUBTOTAL                                   29.00%
    Telecommunication Services
    Diversified Telecommunication
     Services                                  11.72%
    Wireless Telecommunication
     Services                                   6.19%
    SUBTOTAL                                   17.91%
    Consumer Staples
    Food Products                               7.69%
    Food & Staples Retailing                    2.13%
    Beverages                                   1.83%
    Personal Products                           0.98%
    SUBTOTAL                                   12.63%
    Energy
    Oil, Gas & Consumable Fuels                 7.58%
    Energy Equipment & Services                 2.69%
    SUBTOTAL                                   10.27%
    Consumer Discretionary
    Specialty Retail                            7.24%
    Household Durables                          1.61%
    Diversified Consumer Services               1.28%
    SUBTOTAL                                   10.13%
    Industrials
    Construction & Engineering                  4.11%
    Transportation Infrastructure               1.90%
    Commercial Services & Supplies              1.37%
    Machinery                                   0.71%
    SUBTOTAL                                    8.09%
    Utilities
    Electric Utilities                          3.66%
    Independent Power Producers &
     Energy                                     1.12%
    Traders
    Gas Utilities                               0.67%
    SUBTOTAL                                    5.45%
    Materials
    Metals & Mining                             4.93%
    SUBTOTAL                                    4.93%
    Health Care
    Health Care Providers & Services            1.37%
    SUBTOTAL                                    1.37%
    Short-Term Investments                      0.22%
    Total                                     100.00%




    Security Type
     Breakdown
                               Portfolio %
    Common Stocks:
    Foreign                          99.78%

    Short-Term
     Investments:
    Investment Companies              0.22%
    Total Investments               100.00%

    Country Breakdown
                               Portfolio %
    Spain                            66.39%
    Brazil                           20.01%
    Mexico                           12.79%
    Portugal                          0.59%
    Short-Term                        0.22%
    Total Investments               100.00%

    Portfolio Statistics:
    Total Net Assets:       $65.61 Million
    Net Asset Value:                 $7.37
    Number of Holdings:                 41

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.