We are working our way through the most desperate times for financial markets in living memory. At s...
We are working our way through the most desperate times for financial markets in living memory. At such a time we would expect 'risky' markets such as Latin America to produce some of the worst returns. In this sense, Brazil has performed true to type -47% this year. Yet despite Brazil's weakness, Latin funds are among the best performing this year. The reason is simple: Mexico. Despite recent weakness, Mexico remains one of the best performing equity markets in the world. Furthermore, the Mexican peso has appreciated slightly against the US dollar. For the casual observer, this is hard...
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