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.
About the Author
Dave has been a journalist for more than 35 years, including 18 spent at The Baltimore Sun. He has worked as a writer, editor, and page designer at different times in his career. He's interviewed a number of well-known personalities - ranging from punk rock icon Joey Ramone to Apple Inc. co-founder Steve Wozniak.
Over the course of his journalistic career, Dave has covered many diverse subjects. Since arriving at Money Morning in 2011, he has focused primarily on technology. He's an expert on both Apple and cryptocurrencies. He started writing about Apple for The Sun in the mid-1990s, and had an Apple blog on The Sun's web site from 2007-2009. Dave's been writing about Bitcoin since 2011 - long before most people had even heard of it. He even mined it for a short time.
Dave has a BA in English and Mass Communications from Loyola University Maryland.