“With the sole exception of Mexico, whose stock market has traditionally traded closer to the S&P 500, the rest of Latin equities have lost their glow. Latin stocks have registered a seventh consecutive month of investor outflows, and it does not look like the trend is going to reverse any time soon. The next winning theme will be foreign-currency earners (mainly exporters) and, more important, stocks with little or no debt held in a foreign currency—and especially with no debt in foreign currency if it has no foreign currency income to match the servicing of that debt. Those are the characteristics you want to look for in a solid Latin American investment.”

http://www.caseyresearch.com/cdd/a-paradigm-shift-in-latin-american-stocks

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