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Commodities bust weighs on Latin America ETFs

Posted on 02 January 2014

As a decade-long commodity boom wanes, Latin America exchange traded funds are slumping. Broad Latin America ETFs have stumbled this year. The iShares S&P Latin America 40 Index Fund is down 13.0% year-to-date and the SPDR S&P Emerging Latin America ETF is down 14.3%.
“There’s a paradigm shift — rising rates and negative export growth at a time when the commodity cycle has ended,” Gustavo Arteta, a currency strategist at UBS AG, said a Bloomberg article. “The region’s countries have been exposed and have to adjust to confront the changes.”……………………………………….Full Article: Source


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