Investment funds: LatAm mutual funds are world’s best performers

Latin American mutual funds are the best performers in the world year-to-date according to fund tracker Morningstar,which reports rises of 32.26% for the first half of 2007.

 Will Landers, BlackRock Investments

“It is always tough to try to forecast 40% to 50% annual returns, but I would say that given that investors are seeking earnings growth of about 25% this year, then a 25% annual return next year is not out of whack” Will Landers, BlackRock Investments

Their three-year annual returns stand at an impressive 60.06%. In comparison, Pacific/Asia ex-Japan funds that tap into the booming economies of India and China were up 30.58% for the year, with a three-year average of 38.42%.

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