15 June 2007, Institutional Investor

“Despite sterling long-term fundamentals and a stock market that’s been soaring,” says Matthew Hickman, fund manager of the closed-end Chile Fund, “many institutions have perennially underweight Chile.” A survey conducted by Morningstar of Latin American funds domiciled in the US confirms that the average weighing of funds with the significant exposure to Chile is underweight the MSCI Latin American benchmark of 7.63 percent for Chile by nearly two full percentage points.