Bluegrass Portfolio Management, LLC issues 'buy' rating for Latin American equities.

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) August 8, 2005 -- With domestic markets now running into a rough patch, Bluegrass Portfolio Management is looking overseas for better opportunities. The advisor feels that Latin American stocks are one of the few areas that deserve a closer look. Since the end of 2002, the Dow Jones Latin America Index is up 185 percent, and those gains have been made with much more consistency than the S&P 500 has been able to muster. The firm thinks this region's stocks are capable of putting up some more big numbers in the near, and not-so-near, future.

Chief Analyst James Brumley states "The attraction here is largely to the consistency with which these stocks collectively make progress. Typically, big gains lead to big drops - that's a big part of the reason we want to avoid U.S. stocks right now. But the 61 percent gain that the iShares Latin American 40 Fund (AMEX:ILF) has made over the last twelve months really isn't all that intimidating, even though it's the second best-performing ETF [of all exchange traded funds] over that period. The strongest performer has been the Brazilian ETF (AMEX:EWZ), with a gain of 72 percent. The reason we can buy this strength is that this index fund is not technically overbought in the same way the NASDAQ Composite is currently overbought."

Brumley explains "we've seen this Latin American market just gently roll along on the upper side of its 50 day average since early in 2003, with only a couple of minor dips under that key moving average. That leaves plenty of room for upside, and leaves out a high likelihood of a major downside move." Bluegrass Portfolio Management utilizes technical charts considerably more than most money managers do, although earnings and economics are just as important to the company's analysis. "After some consolidation last week, the region's stocks again look poised for more gains." he concludes.

The advisor recommends mutual funds or exchange traded funds, rather than individual stocks, especially in a situation like this one where it may be difficult to get specific and timely information on a single foreign equity.

Bluegrass Portfolio Management, LLC manages brokerage and retirement accounts for investors seeking better than average returns, while only assuming moderate risk. Their primary holdings are individual equities, and funds or ETFs are used to strategically diversify portfolios. The advisory is best known for its unique philosophy that diversification is misused in the investment industry. While allocation plays a critical role, Chief Analyst James Brumley argues that Wall Street preaches diversification to the point of dilution. Clients of Bluegrass Portfolio Management remain diversified across several industries and sectors, but they'll only own sectors that are outperforming the broad indexes. Bluegrass Portfolio is also known for style and regional strategies, as opposed to the typical focus on large-cap stocks, and companies in the news.

For more information:
http://www.bluegrassportfolio.com/
Bluegrass Portfolio Management, LLC
1005 Richmond Rd, 2nd floor
Lexington, KY 40502
859-321-2474
info@bluegrassportfolio.com