Why This $250m Decision by China Means Latin ETFs Will Soar
Jul 15th, 2008 | By Irwin Greenstein | Category: Featured, Financial NewsAt Contrarian Profits we’re always on the lookout for hidden value opportunities. That’s why the following piece by Taipan Daily’s emerging markets expert Irwin Greenstein has got us really excited.
Irwin says the decision by China Investment Corp (CIC), the country’s $200-billion sovereign wealth fund (SWF) to allocate $250 million in emerging markets means Latin ETFs could receive a big boost.
Irwin says China needs to diversify out the diving dollar and gain greater control of energy reserves – and Latin America serves both purposes best…