Opinions
John DeGoey
iShares S&P Latin America 40 ETF
XLA-T
BUY
Nov 04, 2013
$17.530
Stock price when the opinion was issued
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COMMENT
S&P Latin America 40 ETF. Caller is concerned with the disconnect between strong performances of Brazilian stocks and the decline in this ETF. A lot of this is because of currency changes in Brazil and the relationship of the Rial to the Cdn and US dollars. You also have Peru which just went from a pro-business government to and anti business government.
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20% consumer is not bad even if less than in North America. Latin America is a build-the-infrastructure type of story. It is also a growth story in terms of demographics and kids per age-bearing female. Brazil has the Olympics and the World Cup coming up.