Latin markets are top performers

Latin America has performed by far the best of all the world’s main investment regions so far this year. The MSCI Latin America had gained 3.63% in dollar terms compared with a decline of 2.77% in the MSCI World as of April 11th.

Fernando Luque 15 April, 2003 | 3:56PM
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The region has also done better than the other main emerging markets. For example, the MSCI Eastern Europe index gained 1.09% while the MSCI Far East index lost 4.35% over the same period.

There are several reasons for the outperformance of Latin America. First, despite the geopolitical uncertainties (always bad news for emerging markets) the region seems to have not been ruffled by the war in Iraq. A good example is Argentina where general elections will be held on April 27th. Despite the political uncertainty the markets have remained calm. In fact Argentina’s stockmarket is by far the best performing of all the Latin markets with the MSCI Argentina index rising by 20.78% since the start of the year.

It also seems that the region’s economic prospects are improving grad

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About Author

Fernando Luque

Fernando Luque  is Senior Financial Editor at Morningstar Spain