NEW YORK, Feb. 22, 2011 /PRNewswire/ -- The Ibero-America Fund, Inc.(NYSE: SNF) (the "Fund") today released its monthly portfolio update as of January 31, 2011. 


                        The Ibero-America Fund, Inc.

    Top 10 Equity
     Holdings w/Sector
                                     Portfolio %                     Sector
    1)Telefonica SA                        15.09% Telecommunication Services
    2)Banco Santander
     SA                                    11.15%                 Financials
    3)Inditex SA                            7.31%     Consumer Discretionary
    4)Repsol YPF SA                         5.97%                     Energy
    5)America Movil SAB
     de CV                                  5.74% Telecommunication Services
    6)Banco Bilbao
     Vizcaya                                5.05%                 Financials
    Argentaria SA
    7)Iberdrola SA                          3.30%                  Utilities
    8)Criteria
     Caixacorp SA                           3.07%                 Financials
    9)Obrascon Huarte
     Lain SA                                3.06%                Industrials
    10)Vale SA                              2.73%                  Materials




    Sector/Industry Breakdown
                                                       Portfolio %
    Financials
       Commercial Banks                                      19.85%
       Diversified Financial Services                         5.25%
       Consumer Finance                                       2.10%
       Insurance                                              1.98%
       Real Estate Management &
        Development                                           0.65%
       SUBTOTAL                                              29.83%
    Telecommunication Services
       Diversified Telecommunication
        Services                                             15.09%
       Wireless Telecommunication Services                    5.74%
       SUBTOTAL                                              20.83%
    Consumer Discretionary
       Specialty Retail                                       7.32%
       Household Durables                                     2.22%
       Diversified Consumer Services                          1.09%
       Hotels, Restaurants & Leisure                          0.56%
       SUBTOTAL                                              11.19%
    Energy
       Oil, Gas & Consumable Fuels                            8.00%
       Energy Equipment & Services                            2.53%
       SUBTOTAL                                              10.53%
    Industrials
       Construction & Engineering                             4.93%
       Machinery                                              1.76%
       Commercial Services & Supplies                         1.37%
       SUBTOTAL                                               8.06%
    Utilities
       Electric Utilities                                     3.95%
       Independent Power Producers &
        Energy                                                1.99%
       Traders
       Gas Utilities                                          0.69%
       SUBTOTAL                                               6.63%
    Consumer Staples
       Food & Staples Retailing                               2.05%
       Food Products                                          1.85%
       Beverages                                              1.57%
       Personal Products                                      0.84%
       SUBTOTAL                                               6.31%
    Materials
       Metals & Mining                                        5.29%
       SUBTOTAL                                               5.29%
    Health Care
       Health Care Providers & Services                       1.19%
       SUBTOTAL                                               1.19%
    Short-Term Investments                                    0.14%
    Total                                                   100.00%

    Security Type Breakdown
                                                       Portfolio %
    Common Stocks:
       Foreign                                               99.86%

    Short-Term Investments:
       Investment Companies                                   0.14%
    Total Investments                                       100.00%

    Country Breakdown
                                                       Portfolio %
    Spain                                                    68.10%
    Brazil                                                   19.26%
    Mexico                                                   11.84%
    Portugal                                                  0.66%
    Short-Term                                                0.14%
    Total Investments                                       100.00%

    Portfolio Statistics:
       Total Net Assets:                                     $68.8
       Net Asset Value:                                      $7.72
       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.