IGRA On The Brink

Having lagged behind other regional stock markets through much of the 2009 equity rally, we believe that Peru's IGRA equity index offers an increasingly attractive opportunity to gain exposure to the country's wider growth story. We have been highlighting for some time that Peru's relatively strong macroeconomic fundamentals and diversified metal-export industry are likely to see the Andean economy continue recent outperformance by posting one of the strongest growth rates - of 5.0% - in Latin America this year.

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