Latin American Discovery Fund, Inc. (AMEX:LDF)
CAPS Rating:
A non-diversified, closed-end management Investment company.
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A non-diversified, closed-end management Investment company.
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Latin America is risky and especially so in this economic climate; which is ever more the reason to buy into this fund. Risk is spread out among several major latin american companies, including RIO and PBR which are both very undervalued right now. And, the dividend and long term capital payouts are huge! If CAPS counted those, I would be way ahead on this pick.
When things calm down a bit I will buy more of this one; holding it for the long term.