The Deutsche Latin America Equity Fund Class A (SLANX) seeks long-term capital growth by investing “in Latin American common stocks and other equities.”
The UltraLatin America ProFund is different from the other funds in this review. It aims at single-day returns that are two times the return of the BNY Mellon Latin America 35 ADR Index.
UBPIX is different from its peers. It’s a leveraged fund and aims at single-day returns that are twice those of the BNY Mellon Latin America 35 ADR Index.
The Chilean peso gained against the US dollar on February 12 on the back of the unchanged monetary policy by its central bank and a surge in commodities.
The EIA (U.S. Energy Information Administration) reported that weekly US crude oil imports rose by 678,000 bpd (barrels per day) to 8.2 MMbpd (million barrels per day) for the week ending January 8, 2016.
The EIA (U.S. Energy Information Administration) estimates that WTI crude oil prices could average $51 per barrel and Brent crude oil prices could average $56 per barrel in 2016.
According to the National Institute of Statistics (or ISTAT), Italy’s goods and services surplus rose to 2.2 billion euros in September 2015 compared to 2.0 billion euros a year ago.
December WTI crude oil futures fell by 2.0% on November 6, 2015. Crude oil prices fell due to the appreciating US dollar and weak demand data from China.
NYMEX-traded WTI crude oil futures contracts for December delivery rose by 3.8% on November 3. Crude oil prices rose due to a supply disruption in Brazil.
Market surveys from Bloomberg suggest that crude oil stocks could rise by 2.3 MMbbls for the week ending October 30. This is weighing on crude oil prices.
