Lat(in)’s rock...

There is a lot of hullabaloo about China, India and other emerging Asian markets with impressive growth rates, buoyant corporate performance and sound economic fundamentals being their highlights. But at the end of 2006, it’s the emerging Latin American markets that have outperformed the whole world. During the last half decade, the performance of emerging Asian stock markets has been great but Latin American markets are rapidly entering into the portfolio of investors by churning out better returns. According to Morgan Stanley Capital International, Emerging Market (EM) Latin America Index for the year 2006 (till December 4) churned out a whopping 31.48% returns as compared to 25.89% by the EM Asia Index. Definitely, even though emerging Asian countries continue to grab headlines across the globe, EM Latin America is slowly but gradually turning into an investors’ delight. For 2007 also, the outlook is quite positive as demand for equities will continue to outstrip supply. Furthermore, IMF has forecasted a drop in inflation to a regional average of 5% in 2007, which will make the region more attractive for the investors.

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Source:- IIPM Editorial

An IIPM And Management Guru Prof. Arindam Chaudhuri’s Initiative