NEW YORK ( ETF Digest) -- Latin America offers some of the most dynamic growing economies. Some offer a significant reserve of natural resources highly sought after by developed economies from the U.S. and now China and India. Also significant are positive demographics with a younger population and rising middle class. This indicates strong consumer growth providing another area of positive investment opportunities. There is currently an expanding list of 18 ETFs oriented to individual or regional Latin American countries whether small-cap or even subsectors. The following analysis features a fair representation of ETFs available. We believe from these investors may choose an appropriate ETF to satisfy the best index-based offerings individuals and financial advisors may utilize.
ETFs are based on indexes tied to well-known index providers including Russell, S&P, Barclays, MSCI, Dow Jones, Van Eck, Global X and so forth. While many ETFs listed here fill important niches many are quite new and have lower star ratings until they season longer, and for us, become technically easier to analyze.Where competitive issues exist and/or repetitive issues available at a fee cost saving we mention those as other choices. New issues are coming to market consistently. We feature a technical view of conditions from monthly chart views. Simplistically, we recommend longer-term investors stay on the right side of the 12-month simple moving average (MA) when enough data is present to view markets. When prices are above the moving average, stay long, and when below remain in cash or short. Premium members to the ETF Digest receive added signals when markets become extended such as DeMark triggers to exit overbought/oversold conditions.For traders and investors wishing to hedge, leveraged and inverse issues are available to utilize from ProShares and Direxion and where available these are noted.
In trading on Monday, shares of the MSCI Argentina ETF entered into oversold territory, changing hands as low as $17.924 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100.
In trading on Friday, shares of the MSCI Argentina ETF entered into oversold territory, changing hands as low as $18.78 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100.