If you put cash into the U.S. market or in European funds early in 2009, you had a very good year for that money.
But if you put cash to work in Latin America, you had an especially good reason to pop the bubbly on New Year’s Eve. According to this Wall Street Journal article, Latin America was the standout region of the world in 2009 for investors. “Mexico’s IPC index approached all-time highs in December and Argentina’s benchmark index more than doubled.”
As in the rest of the world, this didn’t come without a roller coaster ride though. The MSCI Latin America Index rose 98% on the year, which looks huge until you realize that it went down 53% the year before. So if you were in that market at the beginning of 2008, you are pretty much back to even unless you were actively moving the investments around.
Here’s how a few markets did in 2009:
USA (Dow) +18.8%