Subject: Latin America
Not this time. Latin America is exceptionally cheap—currently on an average PE of 9.5x, a full one standard deviation from its 20-year mean, says Guzman Novak. There’s also a lot of good dividends around for the aging populations of the WDMs to buy into (a 6% yield in Brazil).

The whole region is underowned, undervalued—and crucially—mislabeled. None of those things are likely to last much longer.

https://www.bloomberg.com/news...

https://archive.md/T8236