Chile is another economy that was reaping the rewards of its natural resources. The U.S. housing slump has hit home there, as rising energy prices are mixing with a cheap dollar and inflation is inevitable, reports Sebastian Loyd for Bloomberg.
iShares MSCI Chile (ECH) is feeling the pinch, down 8.6% year-to-date.
iShares S&P Latin America 40 Index (ILF) has positive numbers for the 3- and 6-month moving averages, and it is just a hair below its 200-day moving average. Year-to-date, it’s up 2.9%.
