Here is some useful info.Chile has very little reliance on the US.
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2 comments:
FYI, Chile decided some years ago to diversity its exports away from the US. Now, I understand their exports are approx. 1/3 to Europe and 1/3 to Asia ..
Some time back I saw one site in the UK which had calculated that Chile, South Africa, and Australia (and some others) had remarkably low correlations with the world's returns.
While I have not developed any particular approach to using low-correlated countries as of this point, obviously the diversification possibilities are intriguing.
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