'Latin America withstanding recession'

Investors planning on making international money transfers to acquire assets may find that Latin America offers many opportunities, according to industry experts.

Scottish Widows Investment Partnership (SWIP) has encouraged Brits to consider the region for investments, which it believes is fairing reasonably well during the global economic slowdown.

The company explained that Latin America's economy is growing as residents are becoming more likely to spend their money on consumer goods.

Figures from SWIP reveal that the sector of society which may have a larger disposable income has increased by 20 million people in two years.

Jeff Casson, investment director for the company's global emerging market equities, highlighted Peru, Chile and Brazil as possible locations to make international money transfers.

"They are much better positioned now to withstand the global slowdown. Despite recent currency volatility, we have seen a steady easing in interest rates," he said.

Quest Bulgaria recently reported an increase in Brits making money transfers to Bulgaria.

Click here to make an International Money Transfer.

By John Mills.