PERU PLAY
PERU Peru, country, South America
Peru (pər `), Span. Perú (pār PLAY
After tumbling last year, Peru's stock market is going gangbusters in 2009, gaining more than 101% through June 15. That is the best performance of any market in the world, according to according to
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1. As stated or indicated by; on the authority of: according to historians.
2. In keeping with: according to instructions.
3. Bloomberg. Rising prices for Peru's copper and gold and a trade deal with China have attracted substantial attention from money managers. And now U.S. investors are getting a simple way to bet on Peru's stock market. Exchange-traded fund Exchange-traded funds (or ETFs) are Open Ended investment companies that can be traded at any time throughout the course of the day. Typically, ETFs try to replicate a stock market index such as the S&P 500 (e.g. sponsor Global X Funds, which already runs a Colombia fund, says its Peru fund will start trading in the next few weeks.
Perfect timing? Maybe not. Deutsche Bank Deutsche Bank AG (IPA: /'dɔɪ.tʃə/[1]) (ISIN: DE0005140008, NYSE: DB) (English: German Bank equities strategist Guilherme Paiva says Latin American stocks have risen too quickly on hopes the world economy will pull out of the downturn. He expects a 15% across-the-board correction over the summer. Investors may want to wait that out.
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