On the back of Telefonica Argentina's take-out by Telefonica Espana, Argentina has been the best per...
On the back of Telefonica Argentina's take-out by Telefonica Espana, Argentina has been the best performing market in Latin America, year to date. But its economy remains weak and fiscal performance is poor. Growth in earnings is likely to disappoint. Valuations are relatively unattractive. And this year's IMF targets are unlikely to be met. If that is the case then is it time to turn our backs on Latin America as a whole, and to find better opportunities elsewhere? Certainly not. We continue to focus on the two markets in the region which offer compelling investment opportunities, Mexic...
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