May 23, 2007 at 7:57 am by Tom Lydon
Latin American exchange traded funds (ETFs) have already earned double-digit gains in less than half a years time. Many have set new record level highs during the past week and are expected to keep up their stellar performance. iShares Latin American Index(ILF) is up 23% year-to-date and gives 88% of its basket to Mexico and Brazil. Boasting strong exports, higher foreign exchange reserves, high commodity prices, political stability and ripe corporate earnings and valuations makes these countries stand out from the crowd. Carl Delfeld for ETFXRAY.com further adds that Chile is the star of Latin America due to pro-market policies (Chile makes up 8% of ILF) and Peru has been the best performing market in the entire world thus far.
Tags: Brazil, Chile, Latin America, Mexico
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