Chile: The One Emerging Market That Investors Can't Afford to Ignore in 2011

By Martin Hutchinson, Contributing Editor, Money Morning

When I review each of the world's emerging markets in order to decide which ones to buy in 2011, I start with two questions:

• Is the market cheap?
• And has it under-performed over the past year?

If the answer is "yes" for both those questions, that market is much more likely to get my vote.
But with every rule, there are also exceptions. As we will see.