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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I love these types of funds. Great way to diversify overall holdings and open portfolio up to potential for large gains. Risk is inherant, especially with a foreign discovery fund, but if you have the ability to wait for long term returns I expect that you will be profitably rewarded with this pick. Central and South America has great potential, seeing the examples of Chile, Panama and Brazil should give some of these other countries a kick in the pants.