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With low growth forecast in the United States, some investors have headed beyond U.S. borders in search of the best investments for 2013 – and landed in Latin America.
Latin America's largest economies, like Brazil, aren't the ones that will be delivering the biggest stock gains this year. As measured by the iShares MSCI Brazil Index Fund (NYSE: EWZ), equities in the region's largest economy are extending last year's glum pace as the exchange-traded fund (ETF) is off nearly 2% to start the year.
But while economies like Brazil and Argentina might not offer the best investments for 2013, there are some "unsung gems" that will deliver.
Here are some of the most promising Latin American names, both on the equity and debt fronts, that investors should consider this year.