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Chile's central bank is worried about the global economy.
Although it decided to keep its interest rate at 5.25% for now, the bank's board said slowing growth prompted it to consider a rate cut as early as December instead of early next year.
But even though Chile sees a slowdown ahead, its gross domestic product (GDP) will still grow five-times faster this year than that of the United States. That makes Chile a good place to invest.
Earlier this month a Private Briefing report suggested a Chile fund that Martin Hutchinson, a former global merchant banker and Money Morning's Global Investing Strategist, considers a great way to play that South American nation and avoid debt-laden investments at the same time.
Hutchinson said he favors the fund because it's "dependent on Chile, a well-run country that's rich in natural resources." He added that the fund "has no leverage and has been bashed down - and pays out 10% of its net asset value (NAV) each year in dividends."
Since that report ran on Oct. 5 - less than two weeks ago - this Chile fund has zoomed over 19%.
Those are the sort of winning picks you can read about every day by subscribing to Private Briefing.
To find out which fund is doing so well, or to learn more about Private Briefing, click here.
Although it decided to keep its interest rate at 5.25% for now, the bank's board said slowing growth prompted it to consider a rate cut as early as December instead of early next year.
But even though Chile sees a slowdown ahead, its gross domestic product (GDP) will still grow five-times faster this year than that of the United States. That makes Chile a good place to invest.
Earlier this month a Private Briefing report suggested a Chile fund that Martin Hutchinson, a former global merchant banker and Money Morning's Global Investing Strategist, considers a great way to play that South American nation and avoid debt-laden investments at the same time.
Hutchinson said he favors the fund because it's "dependent on Chile, a well-run country that's rich in natural resources." He added that the fund "has no leverage and has been bashed down - and pays out 10% of its net asset value (NAV) each year in dividends."
Since that report ran on Oct. 5 - less than two weeks ago - this Chile fund has zoomed over 19%.
Those are the sort of winning picks you can read about every day by subscribing to Private Briefing.
To find out which fund is doing so well, or to learn more about Private Briefing, click here.
More on this topic
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The Country Where Dividends Are Required By Law
(Jutia Group, 3/28/12)
Investing In 2012: Chile Aims for 6% Growth; Chile ETF
(Shocked Investor, 12/22/11)
Chile: The Star Faces Hurdles; Major Earthquake, Severe Drought, Crumbling Electricity Grid
(Shocked Investor, 2/22/12)
Pockets Of Strength In Chile
(Wall Street Sector Selector, 10/9/11)
Tags: chile fund, close end funds, global recession 2008, global slowdown, stock quote for google
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