India, Latin America Collaboration

Daily News & Analysis
Three years ago, when the US National Intelligence Council studied the global trends setting the stage for 2020, the outcome reported under “Mapping the Global Future” largely missed Latin America. The potential of India and China was recognised, while Brazil found a brief mention.

Developments since then have, however, put Latin America prominently on the investment globe. So much so, while most fund houses in India are reluctant to launch any new equity scheme following the market meltdown, ING Investment Management erstwhile ING Vysya Mutual Fund has offered to diversify and invest in that part of the globe. Incidentally, it is the only region to offer positive returns this calendar.