Telecoms in Latin America are benefiting from a strong wave of recovery, following the Nasdaq correc...
Telecoms in Latin America are benefiting from a strong wave of recovery, following the Nasdaq correction, which led to underperformance in this sector. Philip Ehrmann, emerging markets fund manager at Gartmore says telecom stocks, and to a lesser extent technology companies, are starting to recover, after being knocked around somewhat from March to early June, led by the shockwaves caused by Nasdaq. Ehrmann says after the mid-March correction, emerging market investors flooded into cyclical stocks, such as paper and steel companies, leading to further declines in the telecom sector. Gar...
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