A latex paint which contains i) a multistage carboxylated polymer latex binder obtainable by multistage aqueous emulsion polymerisation of a monomer composition M consisting of - at least one non-ionic monomer M1, which is selected from C 1 -C 20 -alkyl esters of acrylic acid, C 1 -C 20 -alkylesters of methacrylic acid, and vinyl aromatic monomers; - one or more monoethylenically unsaturated monomers M2, which are selected from monoethylenically unsaturated monocarboxylic acids having 3 to 6 carbon atoms and monoethylenically unsaturated dicarboxylic acids having 4 to 6 carbon atoms, and - optionally one or more non-ionic monomers M3, which are different from monomers M1; where in at least one stage, the relative amount of monomers M2 added in this stage is at least 6 % by weight, based on the total amount of monomers added in said stage, the total amount of monomers M2 being from 0.05 to 5 % by weight, based on the total amount of the monomer composition M; ii) a titanium dioxide pigment; and iii) a polymeric dispersant PD which is selected from homo and copolymers of monomers M4, which are selected from monoethylenically unsaturated monocarboxylic acids having 3 to 6 carbon atoms and monoethylenically unsaturated dicarboxylic acids having 4 to 6 carbon atoms, where the monomers M4 make up at least 95 mol-% of the monomers forming the polymeric dispersant and where the polymeric dispersant PD has a number average molecular weight, as determined by GPC, of at most 5500 Dalton. i) a multistage carboxylated polymer latex binder obtainable by multistage aqueous emulsion polymerisation of a monomer composition M consisting of - at least one non-ionic monomer M1, which is selected from C 1 -C 20 -alkyl esters of acrylic acid, C 1 -C 20 -alkylesters of methacrylic acid, and vinyl aromatic monomers; - one or more monoethylenically unsaturated monomers M2, which are selected from monoethylenically unsaturated monocarboxylic acids having 3 to 6 carbon atoms and monoethylenically unsaturated dicarboxylic acids having 4 to 6 carbon atoms, and - optionally one or more non-ionic monomers M3, which are different from monomers M1; where in at least one stage, the relative amount of monomers M2 added in this stage is at least 6 % by weight, based on the total amount of monomers added in said stage, the total amount of monomers M2 being from 0.05 to 5 % by weight, based on the total amount of the monomer composition M; - at least one non-ionic monomer M1, which is selected from C 1 -C 20 -alkyl esters of acrylic acid, C 1 -C 20 -alkylesters of methacrylic acid, and vinyl aromatic monomers; - one or more monoethylenically unsaturated monomers M2, which are selected from monoethylenically unsaturated monocarboxylic acids having 3 to 6 carbon atoms and monoethylenically unsaturated dicarboxylic acids having 4 to 6 carbon atoms, and - optionally one or more non-ionic monomers M3, which are different from monomers M1; ii) a titanium dioxide pigment; and iii) a polymeric dispersant PD which is selected from homo and copolymers of monomers M4, which are selected from monoethylenically unsaturated monocarboxylic acids having 3 to 6 carbon atoms and monoethylenically unsaturated dicarboxylic acids having 4 to 6 carbon atoms, where the monomers M4 make up at least 95 mol-% of the monomers forming the polymeric dispersant and where the polymeric dispersant PD has a number average molecular weight, as determined by GPC, of at most 5500 Dalton. <EOS>