Main European ETF tracking LATAM approaches key Resistance Levels

The iShares MSCI Latin America UCITS ETF reflects this reality, but Latin America may be facing a new opportunity for asset price recovery. This ETF, primarily comprising Brazilian and Mexican companies, is at a critical juncture.

If it manages to break resistance, we could be facing a historic opportunity to execute a classic “breakout” trading strategy that could drive the asset price to levels seen in the early 2010s.

The primary target, in such a scenario, would be $20 per share for LTAM.

LTAM tracks the MSCI Latin America Index, which includes companies from Brazil, Mexico, Chile, Peru, and Colombia, among others. This ETF is only available in Europe and has tax advantages.

However, another way to trade LATAM as a whole is with the more liquid ETF iShares Latin America 40 (ILF), which consists of the 40 largest and most liquid stocks in Latin America. This ETF is indeed available in US brokerage firms.