History points to Latin American region

By Andrew Telfer, manager of the Baillie Gifford Latin American Fund History would suggest the best time to invest in Latin American equity markets is often when economic conditions look bleak but a rebound is on the horizon. For much of the region, this description now fits. The Mexican economy has reacted quickly to the economic downturn in the US. The reduced demand for exports has rapidly fed through to slower growth in domestic demand, allowing the trade account to remain remarkably healthy. Unlike in several previous slowdowns, the currency remains firm and inflation is sub...