Value still available in Latin America

Value can still be found in Latin American markets even though valuations across the region have risen to around 10 to 11 times expected earnings, according to Rosie Bichard, manager of the Deutsche Latin American Companies investment trust. Bichard noted that since 1994, there has been a huge increase in emerging market valuations, as compared to other developed markets, because the asset class offers comparatively cheap exposure to a US recovery. In the past 12 months, which saw the Argentine crisis, 11 September and US recession, the MSCI Latin American Free Index has held up well, w...