# Ibero-America Fund, Inc.

> publicly traded closed-end investment fund

**Wikidata**: [Q10884844](https://www.wikidata.org/wiki/Q10884844)  
**Source**: https://4ort.xyz/entity/ibero-america-fund-inc

## Summary
Ibero-America Fund, Inc. is a publicly traded closed-end investment fund incorporated in the United States. It operates as a corporation focused on investing in Ibero-American markets, providing shareholders exposure to regional equities. The fund was listed on the New York Stock Exchange (NYSE) under the ticker symbol "SNF" from 1988 until its closure in 2011.

## Key Facts
- Founded in 1988 as a closed-end investment fund.
- Traded on the New York Stock Exchange (NYSE) under ticker symbol "SNF" from 1988 to 2011.
- Headquartered in New York City at 1345 Avenue of the Americas.
- Legal form: Corporation.
- Aliases: The Spain Fund, Inc., Spain Fund.
- SEC Central Index Key (CIK): 0000818105.
- Wikidata description: "publicly traded closed-end investment fund."
- Focus on investing in Ibero-American countries (Spain and Latin America).
- Closed-end structure, meaning it issued a fixed number of shares.

## FAQs
**What is Ibero-America Fund, Inc.?**  
It is a closed-end investment fund that was publicly traded on the NYSE, offering investors access to Ibero-American markets through a fixed number of shares.

**When was it active on the stock market?**  
The fund traded under the ticker "SNF" from 1988 until its delisting in 2011.

**Where was the fund headquartered?**  
Its headquarters were located at 1345 Avenue of the Americas in New York City.

**What distinguishes it from other investment funds?**  
Its closed-end structure and specific focus on Ibero-American equities set it apart from open-ended funds or those with broader geographic mandates.

**Is it still operational?**  
No, the fund ceased trading on the NYSE in 2011 and is no longer active.

## Why It Matters
Ibero-America Fund, Inc. played a role in facilitating investment in Spanish and Latin American markets during its operational years. As a closed-end fund, it provided a stable structure for investors seeking exposure to regional growth, while its NYSE listing enhanced liquidity and transparency. Its existence reflected investor interest in diversified, geographically focused investment vehicles during the late 20th and early 21st centuries.

## Notable For
- Being one of the earliest closed-end funds focused on Ibero-American markets.
- Trading on the NYSE for over two decades (1988–2011) under the unique ticker "SNF."
- Providing a specialized investment product for shareholders targeting regional growth in Spain and Latin America.
- Its closure in 2011 marked the end of a distinct era for U.S.-based investors seeking targeted Ibero-American equity exposure.

## Body

### Definition and Structure
Ibero-America Fund, Inc. was established as a **closed-end investment fund**, a type of publicly traded company that raises capital through an initial public offering (IPO) and issues a fixed number of shares. These shares traded on the secondary market (NYSE) at prices determined by supply and demand, distinct from open-end funds that continuously issue or redeem shares.

### History
- **Founded in 1988**: The fund launched to capitalize on economic growth in Ibero-American countries, including Spain and Latin American nations.
- **NYSE Listing (1988–2011)**: It operated under the ticker symbol "SNF" for 23 years, reflecting its focus on Spain ("S") and the broader region ("NF" for "Nueva España" or New Spain, a historical term for parts of Latin America).
- **Closure in 2011**: The fund delisted from the NYSE, concluding its role as a standalone investment vehicle for Ibero-American markets.

### Stock Exchange Listing
- **Ticker Symbol**: "SNF" (1988–2011).
- **Exchange**: New York Stock Exchange (NYSE).
- **Duration**: 23 years of public trading, providing liquidity for shareholders.

### Headquarters and Legal Structure
- **Headquarters**: 1345 Avenue of the Americas, New York City, U.S.
- **Legal Form**: Incorporated as a **corporation** under U.S. law.
- **SEC Registration**: Filed disclosures with the U.S. Securities and Exchange Commission (SEC) under CIK **0000818105**.

### Related Entities and Aliases
- **Aliases**: Known as "The Spain Fund, Inc." and "Spain Fund," reflecting its initial or alternative branding.
- **Geographic Focus**: Investments targeted companies in **Ibero-America**, a cultural and historical region encompassing Spain, Portugal, and most of Latin America.
- **Wikidata Presence**: Documented in Wikidata with a Chinese-language Wikipedia page, highlighting its international recognition.

### Legacy
The fund’s closure in 2011 aligned with broader trends in the investment industry, including the rise of exchange-traded funds (ETFs) and shifting investor preferences toward more flexible or diversified products. Its legacy remains as a specialized financial instrument that bridged U.S. capital markets with Ibero-American economic opportunities during its operational tenure.

## References

1. [Source](https://www.sec.gov/Archives/edgar/data/818105/000119312508159959/dncsrs.htm)