There was a great divergence between regional stock markets around the world in the first quarter. Europe had a solid first three months of the year, along with China. The U.S. was basically flat, with the S&P 500 gaining less than 1 percent. Then there are the South American countries that took a beating, except for the oft-troubled Argentina.
Falling commodity prices, due to a rising U.S. dollar and slowing demand, have hit the region along with governments that are not considered stable, as compared to their peers. Interest rates have also been on the rise, making it more expensive for governments to borrow money.
The negatives outweigh the positives in the near-term; however, investors that are willing to look at the big picture could see an opportunity to buy into the region at a discount.
Some of the single-country ETFs in the region are highlighted below.
Global X FTSE Argentina ETF
The Global ...
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