Latin America

Index Update – Emerging Money Country Allocator Index (EMCAI)

After a blistering two month period where the Ibovespa rallied 24% in USD terms (EWZ, quote) and the Istanbul XU 100 Bourse (TUR, quote) rallied 3-% we have downgraded these top overweights 20% and raised Russia (RSX, quote, 9% from 6.5%) and Korea (EWY, quote,14% from 12.3%)  on underperformance. 

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