Chile on My Radar

For investors who have been watching from the sidelines, the last few weeks have probably been quite satisfying. After all, risky asset classes have dipped considerably, creating some potentially interesting buying opportunities for those sitting on dry powder. I expect the bargain hunters to come out in full force this week. After some steep selloffs, many asset classes are sporting relatively attractive prices. One of the most attractive lies a few thousand miles to the south: a red-hot South American economy that is a lot cheaper now than it was at the beginning of the month, and is poised to deliver attractive risk-adjusted returns going forward.

The iShares MSCI Chile Index Fund (ECH) has been one of the hardest-hit during the recent downturn. This fund has shed about 12% of its value over the last four weeks, including a dip of about 9% during the past ten trading sessions. Chile has been absolutely hammered by risk aversion and anxiety over the future of the eurozone, and this indiscriminate selling has created an attractive buying opportunity for a market that has a great deal of upside potential in the next few years....397 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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