Can Obama’s Visit To Latin America Cultivate Growth For ETFs?
March 24th, 2011 at 3:00pm by Tom Lydon
President Barack Obama’s visit to Latin American countries may have proven influential for trade relations between the U.S. and subsequent economies. U.S. businesses, exports and jobs are topics that were hit upon, in hopes of hitting a turning point for markets and exchange traded funds (ETFs).
The visits to Brazil, Chile and El Salvador illustrated the new politics of the hemisphere, to give a softer view of the U.S. to the rest of the globe. American financial aid does not carry as much influence as it once may have, rather the strengths that are illustrated include mutual commercial or security interests.[Obama's Diplomatic Trip May Gain Greater Benefits For U.S. Markets, And ETFs.]
Jim Kuhnhenn for The Seattle Times reports Obama’s trip to El Salvador should resonate with the many Salvadorians living in the U.S. and hope that such attention can only bring benefit. Meanwhile, Chilean President Sebastian Pinera pressed Obama to complete pending trade deals with Panama and Colombia.[Chile ETFs: How It Beat The Odds.]
Obama’s Brazil visit managed to highlight the potential for greatly expanded ties, however, Obama stopped short of endorsing a permanent seat for Brazil on the UN Security Council, reports Julia Sweig for CFR.
Brazil’s battle with inflation may be at a standstill, as analysts are pointing at a slower inflation core, with a lean toward easing inflationary pressures, reports Vanessa Sletzer for Reuters. [Brazil ETFs Take A Breather.]
- iShares Latin America 40 Index Fund (NYSEArca: ILF)
- iShares MSCI Brazil Index Fund (NYSEArca: EWZ)
- Market Vectors Brazil Small-Cap (NYSEArca: BRF)
- iShares MSCI Chile (NYSEArca: ECH)
Tisha Guerrero contributed to this article.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.