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Article: Pattern emerging in Latin America Emerging markets are back but if you want a piece of the action, there is no time to waste
- Article from:
- The Evening Standard (London, England)
- Article date:
- February 23, 2001
- Author:
CopyrightCopyright 2001 Evening Standard - London. Provided by ProQuest LLC. (Hide copyright information)
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WHILE everyone was crying into their beer about tech funds,
emerging market funds have reared their tarnished heads and pulled
out in front. In the last month alone, the Aberdeen Latin American
Unit Trust Fund charged up 18%. This was not necessarily a case of
one fund getting it right and the rest missing the boat - the average
return, as well as the median, was around 14%.
Even more astounding, the Foreign & Colonial Latin American
Investment Trust Fund bounced up 30%.
This has been a one-month phenomenon, I'm sure. The overall five-
year gain on this Foreign & Colonial fund was up five percentage
points less. In other words, had you bailed out after four years and
11 months, you would ...