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By: Peter Kohli
In the March 26 edition of Barron’s online, author Dimitra DeFotis pens an article titled, “1st Qtr. Emerging Markets: Latin America Tops the List.” Being that I stuck my neck out, not an unusual task for me, and wrote an article proclaiming Argentina as my number one investment pick for 2016, I immediately read the article with enthusiasm. But that enthusiasm quickly diminished when I saw the focus of Ms. DeFotis’ article: Brazil, Peru and Colombia — none of which I had picked as number one.
I have no quibble with Peru or Columbia. As for Brazil, it is my opinion that over the long term they will implode. But why didn’t Argentina make the list? Upon examination of the only Argentine focused ETF available in the U.S., ARGT, I saw that yes, the YTD returns were just above 5%, which doesn’t compare to any of the three countries mentioned in the article.
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