Changes in Latin America see fund managers adjust country weightings

Fund managers are changing their focus in Latin America as previous untouchables start to recover and old performers begin to look jaded. One example is Argentina, which is starting to sort out its debt problems since it defaulted back in late 2001. James Gotto, Schroder's Latin American manager, has begun to increase his exposure towards the country in favour of Brazil and Mexico. Gotto says: "Stock markets have continued to perform well with the MSCI Emerging Market index up 9.9% this year to 13 July compared to the MSCI World index (up 1.6%) and Latin American markets have been parti...