Latin American stocks have been very hot in the last few days. Yesterday CNBC did several cautionary segments about the region due to left leaning elections in several countries. While the content was interesting, I would urge anyone not to take action on this type of reporting.
Latam is a region that is part of emerging markets. Chances are diversification requires some exposure. How much exposure you have is a variable as is how you access it.
If you think now may not be a good time to own Latam, OK, but zero exposure could be a big mistake.
These are the Latin stocks I watch, I also watch Southern
Peru Copper (
PCU) but it is part of a different grouping on My Yahoo. Most of the tickers are in my ownership universe for clients and I own SAN personally. This is clearly not evidence of good stock picking. The region is doing very well. I would have no expectation that any of the names I own could swim upstream in a downtrend. But I can capture some nice yield if things do turn.
Unlike
Thailand, the catalyst here, I think, is the global demand for resources. It is a simple theme that does a lot of work for me.
5 comments:
Roger,
A very good article was found in the online version of the WSJ about. Cemex, the huge cement producer and thr tenative lifting of taiffs on cement. This is significant in light of the constuction in China/Asia and the rebuilding efforts after hurricaine Katrina. There is a worldwide shortage of cement according to many sources I have found.
If you would like that article, I can get it to you.
thanks Jeff
I subscribe I'll go find it.thank you
What's your opinion about 2 funds that I have been looking at; EUROX U.S. Global Investors Eastern Europe and TREMX T. Rowe Price Em Eur & Mediterranean? What's your view on both and would you recommend them in a portfolio that needed some foreign investments? Also do you see the markets that these funds invest in doing better then the U.S. market in the next year or so??
Roger,
Great article! I am long Banco Bradesco (BBD) and America Movil (AMX). They are about 12% of my portfolio. Would increasing my exposure to Latin America to 15-20% be too much ?
Thanks,
Ben
P.S. I like (NYSE: SAN)
Roger, your blog is very nice. Since you compare Latin with Thailand. I recommend a site which provides with Free info, advices, stock picks, recommendations on Thai stock trading or investment. Honest, no charge, all free. Too good to be true? Seeing is believing.
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