Theadneedle's dominic rossi believes both countries are moving in the correct direction
While approaching exposure to Argentina with caution Latin America fund managers are positioning portfolios towards Mexico and Brazil. Dominic Rossi, head of Latin America at Threadneedle, has overweight positions in Mexico and Brazil as these countries are both progressing in the right direction. Rossi said: 'Mexico is favoured as its exports to the US account for 25% of its GDP. Its fiscal and monetary policy is under control and the country has experienced its first normal economic cycle in 30 years. Interest rates have fallen and it is starting to behave like a developed market....
To continue reading this article...
Join Professional Adviser for free
- 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