ILF: Bullish On Latin America, But I Don't Love This Fund's Portfolio

The iShares Latin America 40 ETF has surged over the past year, along with many individual country markets in the region. Latin America benefits from commodity booms and favorable political trends, but ILF may miss out on key growth themes like rising middle-class consumption. The portfolio is heavily tied to Brazil and doesn't offer much diversification around the region's smaller countries.