Latin America Still Worth A Look

With the bullish GDP report offered by the U.S. today, emerging markets got a big boost, making the ETF Professor eat some crow over a couple of bearish emerging markets picks. Well, no one is perfect and recognizing that Latin America, led by Brazil, might still have some opportunity for longer-term investors, the Professor found an ETF that should work for the emerging markets bulls.

The iShares S&P Latin America 40 Index (NYSE: ILF) is the play. Up almost 70% year-to-date, ILF has obviously enjoyed a nice bull run, so it would be advisable to start with a small position and build into it on some dips.

Top holdings include America Movil (NYSE: AMX), Itaú Unibanco Holding SA (NYSE: ITUB) and Vale (NYSE: VALE).