Stocks with high dividend yields are attractive from the standpoint that they are providing meaningful income when the broad market is flat, they can
buffer against a downturn due to the yield they're throwing off, and best of all, during a market upturn, they continue to provide yield and capital appreciation simultaneously.
Latin American countries with less of a
buffer against a global
downturn, such as Mexico and Brazil, have also been a drag on exchange traded fund (ETF) flows.