Barings has announced it is positive on its Latin America market exposure saying there is a compelling investment case in both Brazil and Chile, while Colombia is a market worth watching.
Fund manager, Mike Simpson, took over the Dublin-domiciled Baring Latin America fund six months ago. "At the country level, we are currently bullish on Brazil and Chile and are warming up to Colombia. We continue to maintain the majority of our holdings in Brazilian stocks, which we have seen provide a strong rebound after market falls. The stocks are currently attractively valued, with Central Bank easing and pro-growth fiscal policies supporting the macro economy." Simpson says that Chile also presents a "compelling case" for investment where the current PE ratio is at a multi-year low...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
