In the summer of 2009, BFIA was extremely bullish on Latin America. Well, Latin America was the top performer in 2009. The average Latin American mutual fund outperformed all other market funds. The question is will Latin America keep outperforming over the course of 2010?
Our allocation in the summer of 2009 was 26%. Latin America was our largest exposure. Currently our behavioral model indicates a 13% allocation to Latin America. A pretty significant reduction. Therefore, we believe in there are other markets out there that will become the outperformers for 2010. Wait to see if our behavioral model is correct again.
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