Both Chile and Brazil also recorded solid upturns. Gains in these countries more than offset weakness in Argentina and Peru, both of which moved lower during April. Unlike aggregate equity markets, Latin American fixed income markets eased for the month. In addition, Ecuador, Brazil and Peru also declined for the month. This information is for illustrative purposes only and does not represent any particular investment.
Past performance is no guarantee of future results.
Value Vindication Value stocks have risen to become the driving force behind US equity markets in 2000. This is a stark contrast to the last several years, when growth stocks led performance driven by the exceptional gains of a narrowly defined market segment. The overall performance of emerging market debt has been phenomenal over the last year. The primary driver of this market segment has been the exceptional performance of many oil exporters including Russia and Venezuela. The Road to Recovery in Japan Hopes are rising that Japan is finally poised to emerge from its prolonged recession despite persistently challenging conditions.