ETFs: fuelling the Latino powerhouse

Investors are still enamoured with the emerging markets story, but less so than they were for much of last year. Although broad EM indices sufficed in 2010, investors now want specific exposure to individual countries. According to BlackRock data, there are eight ETFs and ETPs with primary listings in Latin America with a pure Brazil focus. The largest collection belongs to iShares and is listed on the exchange in São Paulo. The range covers the whole market, including specific sectors such as property or consumption, and a range of market caps. Local bank Banco Itaú also covers t...