IMF urges Latin America to cut debt, lift productivity while tailwinds last
As measured by the iShares Latin America 40 ETF (ILF), the region is handily beating the S&P 500 year to date, up 15% compared to the S&P's 11% move
iShares Latin America 40 ETF is reiterated as a "Buy," supported by attractive valuation and technical support near the 200-day moving average. ILF trades at a low 9.8x P/E, offers a 2.90% yield, and is heavily weighted toward Financials and Energy, with no Tech exposure. Momentum has cooled, but cyclical sector dominance and July seasonality suggest a favorable near-term risk/reward profile.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| TJD Thomas John Drogan PR Inc.IPAL SECURITIES Inc. | 50,469 | $1.56M | $1.88M | $320,547.1 | 20.55% |
| BZ Brandon Zatopek Commonwealth Equity Services LLC | 191,895 | $6.48M | $7.21M | $733,025.14 | 11.32% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 5,323 | $186,708.01 | $199,985.11 | $13,277.1 | 7.11% |
| GWS Gary W. Schlaffer Alexander Randolph Advisory Inc. | 11,986 | $335,205.65 | $450,314.02 | $115,108.37 | 34.34% |
| NA Nizar Araji National Bank Of Canada /FI/ | 1,669 | $49,663.27 | $62,186.94 | $12,523.67 | 25.22% |
| ARCA Exchange | US Country |
The fund focuses on investing primarily in the component securities of its underlying index, allocating at least 80% of its assets to these securities and other investments that closely mirror the economic characteristics of the component securities of the S&P Latin America 40TM. This underlying index consists of selected stocks trading on the stock exchanges of five Latin American countries, aiming to capture the investment outcomes of this region. The approach is singular in its concentration, as the fund maintains a non-diversified status, putting a significant portion of its assets into a relatively small number of investments to achieve its objectives.
Within its strategy, the fund offers the following key investment focus: