npavan78
21-06-2008, 09:23 AM
ING Latin America Equity Fund, an open ended Fund of Fund scheme, is the first of its kind in India. The scheme will primarily invest in ING’s existing Luxembourg domiciled fund thereby seeking to provide an Indian investor long-term capital appreciation & exposure to countries which are amongst the fastest growing economies in the emerging market space. The Luxembourg Fund will try to achieve this by investing primarily in stocks of companies based out of Latin American countries or stocks of companies deriving a majority of their revenues from Latin American economies. To know more and invest in this pioneering fund,
Latin America refers to those territories in the Americas where Spanish, Portuguese or Italian languages prevail: Mexico, most of Central and South America, plus Cuba, the Dominican Republic and Puerto Rico in the Caribbean.
One of the least vulnerable Emerging Markets
Source: IMF, Morgan Stanley Latin America economics
Commodity prices have been very strong
Source: ING IM, Thomson Datastream
Rich in food and agricultural products which form a major source of exports
Source: IMF, Morgan Stanley Latin America economics
Markets have outperformed the benchmarks of emerging markets around the world and in Asia
Source: ING IM, Thomson Datastream
Trivia
The Amazon Basin is home to 60% of the planet’s remaining tropical rainforests
A large percentage of the people in Latin America are of mixed origins, the result of racial intermingling among European settlers, African slaves, and American natives.
Both maize and potato, two of the top four most freshly-grown crops in the world, both originate from Latin America
Latin American music includes such diverse forms as Milonga and Bachata
The Peso is the name of the currency of seven countries in Latin America
The continent offers incredible pre-Columbian sights all extensive the Andes in Chile, Bolivia, Ecuador, Peru and Colombia, including the Nazca Lines (Ica), Chan chan (Trujillo) and Machu Picchu (Cuzco) in Peru and Ciudad Perdida in Colombia.
Latin America is home to the majority of interesting species of animals including parrots, tarantulas, snakes, and mammals.
Did You Know that…
Latin America’s population is greater than US, Europe and Japan which indicates a big consumer market.
Average population age in Latin America is 25-30 yrs and is similar to India’s demographic profile. This implies that Latin America is in a position to reap the benefits of both rising consumption as well as a growing labor supply. 1
Most of the Latin America countries have a better current account balance vis-ŕ-vis India indicating favorable trade flows in comparison to India. 1
The combined forex reserve of the Latin America countries is higher than India indicating a healthy regional economy. 1
Latin America exports are driven not just by commodities. Service and manufacturing play an important role as well. 2
Latin American countries capitalisation, as a percentage of GDP, is lower than other emerging economies like India, China and Russia. The gap represents the growth opportunity available in these economies. 3
Most of the countries in the Latin America region have higher internet penetration than India implying greater literacy and better connectivity. 4
Latin America telecommunication penetration is better than India, as well. 4
Latin America has higher electric power consumption than India indicating availability of better infrastructure. 4
1 IMF, WEO, 31/12/2007
2 IMF, Direction of Trade Statistics, 2006
3 IMF, WEO and Bloomberg, 30/04/2008; * Valuation data as on 30th April 2008
4 World Bank, WDI, 2006
Latin America refers to those territories in the Americas where Spanish, Portuguese or Italian languages prevail: Mexico, most of Central and South America, plus Cuba, the Dominican Republic and Puerto Rico in the Caribbean.
One of the least vulnerable Emerging Markets
Source: IMF, Morgan Stanley Latin America economics
Commodity prices have been very strong
Source: ING IM, Thomson Datastream
Rich in food and agricultural products which form a major source of exports
Source: IMF, Morgan Stanley Latin America economics
Markets have outperformed the benchmarks of emerging markets around the world and in Asia
Source: ING IM, Thomson Datastream
Trivia
The Amazon Basin is home to 60% of the planet’s remaining tropical rainforests
A large percentage of the people in Latin America are of mixed origins, the result of racial intermingling among European settlers, African slaves, and American natives.
Both maize and potato, two of the top four most freshly-grown crops in the world, both originate from Latin America
Latin American music includes such diverse forms as Milonga and Bachata
The Peso is the name of the currency of seven countries in Latin America
The continent offers incredible pre-Columbian sights all extensive the Andes in Chile, Bolivia, Ecuador, Peru and Colombia, including the Nazca Lines (Ica), Chan chan (Trujillo) and Machu Picchu (Cuzco) in Peru and Ciudad Perdida in Colombia.
Latin America is home to the majority of interesting species of animals including parrots, tarantulas, snakes, and mammals.
Did You Know that…
Latin America’s population is greater than US, Europe and Japan which indicates a big consumer market.
Average population age in Latin America is 25-30 yrs and is similar to India’s demographic profile. This implies that Latin America is in a position to reap the benefits of both rising consumption as well as a growing labor supply. 1
Most of the Latin America countries have a better current account balance vis-ŕ-vis India indicating favorable trade flows in comparison to India. 1
The combined forex reserve of the Latin America countries is higher than India indicating a healthy regional economy. 1
Latin America exports are driven not just by commodities. Service and manufacturing play an important role as well. 2
Latin American countries capitalisation, as a percentage of GDP, is lower than other emerging economies like India, China and Russia. The gap represents the growth opportunity available in these economies. 3
Most of the countries in the Latin America region have higher internet penetration than India implying greater literacy and better connectivity. 4
Latin America telecommunication penetration is better than India, as well. 4
Latin America has higher electric power consumption than India indicating availability of better infrastructure. 4
1 IMF, WEO, 31/12/2007
2 IMF, Direction of Trade Statistics, 2006
3 IMF, WEO and Bloomberg, 30/04/2008; * Valuation data as on 30th April 2008
4 World Bank, WDI, 2006