Monday, November 21, 2005

Hot Latin American Markets

From Barron's (subscritpion):

Emerging markets indeed have been the hot ticket among international investors, with Latin American equities providing much of the excitement. Fueled by brisk economic growth and through-the-roof prices for coffee, iron ore and other commodities, stocks south of the border have been hotter than the Brazilian sun, soaring 86% since 2003, according to the Morgan Stanley Capital International Emerging Markets Latin American index. Latin markets are up 38% in dollars for the year through last Wednesday. Latin bonds have also dazzled, returning 8% this year.

A sharp selloff in Latin stocks in October has some believing that the rally, which was hitting its three-year mark, might be losing steam. But emerging-market bulls contend that stocks and bonds south of the border will remain in vogue next year.


Post a Comment

<< Home