Stat Watch: LatAm funds double returns of North American counterparts

Latin American funds have doubled the performance of their North American counterparts over the past ...

Latin American funds have doubled the performance of their North American counterparts over the past year but despite sector rules allowing US managers to invest in the region, many avoid it for fear of changing their risk profile.Over the 12 months to 1 May this year, the top performer in the IMA’s North America sector is the Melchior North American Opportunities fund, which returned 49.19% on a bid to bid basis, according to data from Standard & Poor’s. Over the same period the top performing Latin American fund, Invesco Perpetual Latin America, returned 104.97% on the same basis and topp...