In Latin America, investors tend to concentrate on Brazil or Mexico, but they’re overlooking one of the region’s “most consistent growth engines” – Peru, says Shuli Ren in Barron’s.
Since 2000, Peru’s economy has expanded at an average annual rate of 5.6%, compared to a South American average of 3.3%.
Peruvian stocks are largely a commodities play. The country produces large quantities of gold, silver, copper, oil and gas, and that means raw materials dominate the stock market index.
Sadly, the index has fallen along with metals prices, but the money from the raw-materials boom, along with sound [...]
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