BlackRock's Landers: Latin America's top success stories

LATIN AMERICA

Will Landers, senior portfolio manager of the BlackRock Latin American investment trust, on why the region has much to offer canny investors who are prepared to think long term.

For many investors, Latin America evokes memories of hyperinflation, debt defaults, less than ideal corporate governance, and an investment universe that is mostly correlated with commodities (and therefore China). On the other hand, those investors who have been involved with Latin America over the last decade, have experienced one of the best regional equity performances in the world, with a ten-year accumulated return of over 450% to the end of July 2012 – hardly the type of reward to be expected from the former. The reality is that Latin America has come a long way during the past...