Latin America Funds

What has caused the strong performance of Latin American funds? They
were rising even before the oil crisis. Are they projected to continue
with strong performance?

Re: Latin America Funds

Brazilian corporate earnings and exigencies from Chinese commodities
exacted over currency exchanges factor over a two-year period. With an
influx from sector focus, profit taking is increasingly constricting
upon and selectivity exercised over dilatory yields in the face of
upcoming elections. Doom and gloom, baby.

wrote:
> What has caused the strong performance of Latin American funds? They
> were rising even before the oil crisis. Are they projected to continue
> with strong performance?

Re: Latin America Funds

<> wrote

> What has caused the strong performance of Latin American funds?

That's an easy one.
It's because I bought some.

>They
> were rising even before the oil crisis. Are they projected to continue
> with strong performance?

This one is a little tougher. If you are interested in these funds you might
want to take a look at the following: BZF CH EWZ EWW LAQ LDF MXE MXF ILF.
LDF is what I currently own and I'll keep it until it slows down.

According to yahoo finance the p/e's on these are really low and the eps is
very high. Example, LDF is shown as having a p/e of 2.64 and ttm eps of
9.46. I don't usually pay much attention to these figures for etf's and
cef's but they are worth noting.

Re: Latin America Funds

On Sun, 18 Sep 2005, > wrote:
> What has caused the strong performance of Latin American funds? They
> were rising even before the oil crisis. Are they projected to continue
> with strong performance?

South American countries are expanding, but also have runaway inflation.
The local investments have to keep up with or exceed inflation if they
expect to attract investors.

But there is also uncertainty (risk) involved, like rumors of bribes.
One phone company was suddenly required to increase payments to retirees
(because of inflation) which could exceed their profits this year
(knocking out what had been an excellent dividend).

South American coutries are currently looking to increase their exports of
building supplies and lumber to help with the Katrina aftermath.

Re: Latin America Funds

Ed wrote:

> <> wrote
>
>
>>What has caused the strong performance of Latin American funds?
>
>
> That's an easy one.
> It's because I bought some.

Have you ever thought about publishing your own online investment
newsletter? Or at least starting your own online investment blog?
Seriously.

Your track record seems to be better than many of the newsletters
reviewed by Hulbert.


--
Steven D. Litvintchouk
Email:

Remove the NOSPAM before replying to me.

Re: Latin America Funds

"Steven L." <> wrote

> Ed wrote:
>
>> <> wrote
>>
>>
>>>What has caused the strong performance of Latin American funds?
>>
>>
>> That's an easy one.
>> It's because I bought some.
>
> Have you ever thought about publishing your own online investment
> newsletter? Or at least starting your own online investment blog?
> Seriously.

It seems like I have the time because I'm here so often, but what I have is
a bunch of little pieces of time that may add up. I couldn't do a
newsletter, I wouldn't be comfortable telling people what they should buy
and sell.

What I do here from time to time is post my holdings, but it isn't meant as
a suggestion that people should buy what I own. I wish more people would
post their holdings. If I suggest a fund it is usually in an area that a
poster is interested in already, I wouldn't feel comfortable suggesting
sectors, etc.

I have become more conservative these past couple of years and I'm more
focused on saving it rather than doubling it. If I can do 5% - 10% each year
going forward I'd be happy with that. A big drop in a fund price, 15% or
more, maybe even 10% or more is what I'm trying to avoid now. I still want
to be in stocks but I use what I feel are conservative funds. A small % is
dedicated to a brokerage account and that's where I go to get crazy.

Re: Latin America Funds

wrote:
> What has caused the strong performance of Latin American funds? They
> were rising even before the oil crisis. Are they projected to continue
> with strong performance?

It's really strange; I hear it's mainly a commodity move, but seems to
do even better than other commodity plays like Australia. You could say
L.A. has some reform trends, but many economic and political stories
are alarming. I have been just surfing the technical results curve and
keeping my hand close to the ripcord.

Some examples of alarm, which I may have a bit wrong, are of course
the oil powerhouse Ven. going not just leftest/populist but more like
psycho. If looks fairly chronic to me, like Nigeria and some mideast
countries, where the oil money is actually a curse that keeps out level
headed pragmatic governance in favor of crazy schemers to do this
or that with what is in effect lottery winnings.

Bolivia has gone so irrationally and self destructive psychopopulist,
that it smells the Ven. may be the cause of it. Arg. has reneged
on a ton of debt, Brazil's gov't shot thru with scandal (with a gov't
that was elected only because their clean reputation would override
their dumb economic bias). Mexico has some new issues you have
probably heard better than me. Well, Columbia is recovering from
awfulness and maybe other good news - I can't stand to follow it
any longer except

Re: Latin America Funds

wrote:

> What has caused the strong performance of Latin American funds? They
> were rising even before the oil crisis. Are they projected to continue
> with strong performance?
>
Like most of the rest, it's mainly commodity based with a lot coming
this way and a lot going to china. I've been riding RIO for about a
year and not only is it up a gob, they pay ~4% dividend. They ship
their iron ore to Korea where Posco PKX (I also own) makes it into steel
with the help of coking coal from canadian Fording Coal FDG (own it
too). They all rock.

China and India are consuming major amounts of natural resources. Most
of these come from emerging mkt countries. You can play this by
investing in emerging mkt funds, individual country funds, or simply buy
the steenking stock. I pretty much do all three.

best,

rono