Standard & Poor's latest review of the latin american sector predicts the future is bright for this emerging market region
Latin America was one of the best performing regions in the year to 1 April 2005, and fund managers are optimistic that the year ahead will also be good, says Standard & Poor's (S&P) in its latest review of the sector published today. The review covers seven funds; one achieved an AAA-rating, three attained AA-ratings and two were A-rated. One fund was 'Under Review' following changes in the team. Fund managers saw the ongoing US monetary tightening cycle, traditionally a bad sign for leveraged regions such as Latin America, as the main risk in the year ahead. However, they were optimi...
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