In Brief: Jun. 18, 2001

VIVA LA BOLSA A new President in Peru and a debt deal in Argentina last week helped volatile Latin American funds rise 2.4%. But the broader story is in Mexico, which with Brazil makes up 90% or so of the region's portfolio. Brazil's stock index is down 14% since January, but as an Evergreen manager says, "Mexico is on a tear." Its export gains and slower but solid growth will drive this fidgety sector through expected summer doldrums.

BUYERS BEWARE Home buyers rely on appraisers to give fair estimates of property values. Some lenders do more than rely on them: they...

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