MEXICO CITY (Reuters) - Executives taking part in the Reuters Latin America Investment Summit were asked where they would invest $50 million of their own money, other than in their company. Below are some of their answers:
Mexican tycoon Carlos Slim, the world's third richest man:
"You have to stay with infrastructure, but well diversified. It will continue to be important and profitable."
"Without knowing it well, I would say alternative energy is also interesting ... I like two things about alternative energy: First, it's renewable, and second, it creates a lot of employment."
Francisco Valim, CEO of Brazilian cable provider Net Servicos de Comunicacao:
"In Argentina, there's fantastic growth. ... I would also invest in Chile. I believe it's the United States transported. I'd run from Venezuela like the devil from a cross."
Argentine soy producer Los Grobos CEO Gustavo Grobocopatel:
"Brazil's food sector. Brazil is a fabulous market with fabulous potential."
David Sanchez-Tembleque, CEO of Mexican homebuilder Homex:
"I would invest in infrastructure, not so much highways but general services like electricity, water."
Telecom Argentina chief executive Carlos Felices:
"I'd put it in the telecom industry. In Argentina, it's a good opportunity."
Selene Avalos, CFO of Mexican homebuilder Urbi:
"Latin America by its nature has opportunities in infrastructure and tourism."
Oscar Schmidt, MetLife's Latin America head:
"I would divide the money between Brazil, Mexico, Argentina and something in Chile." Continued...
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