Excel Funds Management Inc.

Emerging Markets

Latin American Middle Class Grows by 50 Million

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Back in 2003, the middle class population of Latin America and the Caribbean was about 103 million. In 2009, it was an estimated 152 million, an increase of almost 50 percent. The increase is due to a successful result of the economic policy by Latin American and Caribbean governments. But the lower class has grown even larger, according to a recent report by the World Bank. Jim Yong Kim, President of the World Bank, says that one third of the population is still in poverty. Although little progress was made in the region to reduce poverty and grow the middle class, more recent changes show that this impressive boost is due to economic stability and growth in the region along with more recent changes emphasizing the delivery of social programs.

 

Middle class within LAC are not considered rich but are economically secure – or have less than 10% chance of slipping into poverty. An earning of at least $14,000 per year, would put a family of four into the middle class. A household making less than $4 a day is considered poor, while those earning from $4 to $10 are economically vulnerable. Today, the middle class and the poor account for roughly the same share of the population – 29% and 31% in that order – while the economically vulnerable now make up the majority. A rapid growing middle class only means positivity for the economy and investors.

 

Written by Melissa W.

 

http://abcnews.go.com/ABC_Univision/News/latin-american-middle-class-grows-50-million-world/story?id=17711973

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Author: Excel Funds Management

We Are Leaders. Our Focus is Undivided. Excel Funds is Canada’s specialist in Emerging Market investment opportunities. We pioneered Emerging Market mutual fund design and distribution in Canada. Our focus is undivided – Emerging Markets is all we do. Our Mission Is To Offer Canadians True Global Access By offering Canadians access to rapid growth markets, Excel Funds provides truly global and diverse investment value. Our clients want consistent, responsible and intelligent solutions – we will never stop being challenged and deliver on client expectations. We Listen. We Are Determined To Deliver. Our clients want to understand better. Excel Funds is the only company dedicated to providing investors with actively managed, best-in-class Portfolio Managers based in regional markets. In order to deliver deeper understanding, we are not removed from unique cultural, political and economic experiences. We Initiate. We Create. Investors benefit from strong, sustainable growth. To create wealth for our clients we will: • Offer globally diverse opportunities to capture shifts in world economies • Not resist change and continually lead in Emerging Markets global growth • Engage world class institutional managers for retail investors We Are Passionate. We Will Never Stop Innovating. True leadership is enabling and seeks a positive outcome for all invested. We will not rest on past success, and continue to provide clients with: • Innovative fund structures • Canada’s largest & most comprehensive Emerging Markets products • The best institutional level Portfolio Managers • World class on-the-ground active managers • A singular focus on Emerging Markets, the driver of global growth

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