Emerging markets are the best performing markets this year. In the emerging markets, the main market index of countries like Brazil have skyrocketed year-to-date (YTD) relative to other countries. For example, the MSCI Brazil Index ETF (EWZ) is up an incredible 99.42% as of September 30,2009. Some of the Latin American ADRs have also have great runs.

The list below shows the Latin American ADRs which are up 100% or more as of Oct 6, 2009:

GRUMA – GMK
Gafisa – GFA
Ternium – TX
Nortel Invesora – NTL
Braskem – BAK
MetroGas – MGS
AFP Provida- PVD
Companhia Siderurgica Nacional- SID
Gol Linhas Aereas Inteligentes – GOL
Banco Macro- BMA
Grupo Financiero Galicia – GGAL
Telecom Argentina – TEO
Gerdau – GGB
Companhia Brasileira de Distribuicao – CBD
Vivo – VIV
Net Servicos de Comunicacao – NETC
AmBev – ABV
TIM Participacoes – TSU
Votorantim Celulose e Papel – VCP
Banco Bradesco – BBD
BRF – Brasil Foods – PDA
Edenor – EDN
AmBev – ABV
Aracruz Celulose – ARA
Vale – VALE
BBVA Banco Frances – BFR