Investment Objective
The fundamental investment
objective is to achieve long-
term capital growth through
investments in securities of
companies located in, or
having their principal
activities in, Mexico and all
countries in Central America
and South America, including
Argentina, Brazil, Chile and
Venezuela. Under certain
market conditions, short-term
securities may be held in the
portfolio.
Benchmark Statement
MSCI Emerging Markets Latin
America ND (C$)
Recommended For
This Fund may be suitable for
long-term investors who are
contributing to the growth
component of a diversified
portfolio, want exposure to
the developing economies of
Latin America and are willing
to accept some short-term
volatility for potentially
higher long-term returns.
Investors in this Fund should
be willing to accept a high
level of risk.
Why Invest
The portfolio managers have
over two decades
of combined experience with
investing in Latin American
economies.
Morgan Stanley Investment
Management Inc.,
is an emerging markets pioneer
and brings
significant resources to help
invest successfully in this
region.
Morgan Stanley Investment
Management Inc.,
is one of the largest, most
recognized investment
management firms in the world.
Category Winner, 3-year and 5-
year period,
Canada Lipper Fund Awards
2008.
Portfolio Update
Quarterly Update
Looking forward, consumption and investment are likely to be main drivers of growth while industrial production improves from lows and global conditions remain challenging. The portfolio adviser has a strong preference for companies with sustainable competitive advantages and compelling secular growth opportunities. The portfolio adviser reduced exposure to consumer staples and financials in favour of companies that are leveraged to growing infrastructure spending in Latin America. The portfolio adviser continued to add companies with exposure to the high-growth Andean markets of Chile, Peru and Colombia. On a sector basis, the Portfolio is focused on industrials, health care and consumer staples while underweight utilities and have no exposure to telecommunications.
(December 2012)
General Description
| Fund Codes:
|
TDB280,
ISC Version
TDB281,
DSC Version
TDB866,
LSC Version
TDB282,
LSC2 Version
|
| Minimum non-RSP Investment:
|
$ 500.00
|
| Minimum RSP Investment:
|
$ 500.00
|
| Minimum Subsequent Investment:
|
$ 100.00
|
| Early Redemption:
|
Up to 2.00% of purchase cost if redeemed within 30 days of purchase.
|
|
MER:
|
2.85% MER as of December 31, 2012
|
| Sector Class:
|
|
| Inception Date:
|
Sep. 6, 2006
|
| Assets:
|
$ 133.41 million as of Apr. 30, 2013.
|
| Minimum PPP Amount:
|
$25.00
|
|
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