| Business Summary | | The
Brazil
Fund,
Inc.
(the
Fund)
is
a
closed-end,
non-diversified
management
investment
company.
As
of
June
30,
2000,
the
Fund's
portfolio
holdings
are
comprised
of
equity
securities
(95%)
and
cash
equivalents
(5%).
For
the
same
period,
the
Fund's
equity
securities
are
distributed
in
the
following
sectors:
telecommunications
(21%),
banking
(19%),
petroleum
(16%),
food
and
beverage
(10%),
utilities
(9%),
mining
(7%),
forest
products
(4%),
tobacco
(3%),
electrical
equipment
(2%),
and
other
(9%).
As
of
June
30,
2000,
the
Fund's
ten
largest
equity
holdings
are
Petroleo
Brasileiro
S.A.,
Banco
Itau
S.A.,
Companhia
Cervejaria
Brahma,
Companhia
Vale
do
Rio
Doce,
Tele
Centro
Sul
Participacoes
S.A.,
Banco
Bradesco
S.A.,
Tele
Norte
Leste
Participacoes
S.A.,
Companhia
Paranaense
de
Energia-Copel,
Embratel
Participacoes
S.A.,
and
Aracruz
Celulose
S.A. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | The
Brazil
Fund
is
a
closed-end
investment
company
seeking
long-term
capital
appreciation
through
investments
primarily
in
the
equity
securities
of
Brazilian
issuers.
For
the
six
months
ended
12/31/00,
investment
income
totaled
$5.6
million.
Net
decrease
in
assets
from
operations
totaled
$19.4
million.
Net
asset
value
per
share
totaled
$21.91.
Results
are
not
comparable
due
to
the
change
in
fiscal
year
from
December
to
June. | More
from
Market Guide: Significant
Developments |
| | |
| Position | Juris Padegs, 67 | Chairman | Nicholas Bratt, 51 | Pres | John Millette, 36 | VP
and Sec. | Bruce Goldfarb, 34 | VP
and Assistant Sec. | Kathryn Quirk, 46 | VP
and Assistant Sec. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|