The countries behind the Latin American story

Latin America continues to offer one of the most attractive equity investment opportunities when combining its solid top-down macro story with an attractive and diversified array of companies looking at the market from a bottom-up perspective. Following 395.6% accumulated returns for the MSCI Total Return Latin America index during the first decade of this century, returns from 2010 to 2012 barely accumulated a positive return of 0.63%, leading many investors to question whether the region has seen its best days. This is especially true given that the Ibovespa, Brazil’s principal inde...