Chile’s Bargain-Basement Stocks Too Good to Miss for Some
- Stocks are trading at steep discount to emerging-market peers
- Discount attracting interest from ASA Investments and Sophus
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Chile’s fall from grace as the poster child of Latin America has come at a heavy price for equities. Some investors think it has gone too far.
Equities are trading near their biggest discount to emerging-market peers on record in terms of forward price-to-earnings after almost two years of political turmoil -- even as the economy rebounds.