Greetings from emerging markets
By: Harriet Meyer
The sub-prime mortgage crisis in North America has largely left the economies of its southern neighbours unscathed, as they benefit from soaring commodity prices. Mr McKenzie said: "Brazil, Mexico and Argentina in particular are becoming increasingly stable economies.
"Their potential to produce natural resources is immense, and much of the development of these economies offers huge profit opportunities." If you needed proof that investing in emerging markets can make you substantial profits, look no further than the five-year performance of Latin American funds, which rank as the top three in our table of emerging market unit trusts. If you had invested £1,000 in Invesco Perpetual's Latin American unit trust five years ago, you would now be sitting on a staggering return of £6,132.
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