Latin America is holding up well

Latin American stock markets outperformed the major developed markets in the first quarter, rising 2.8% in sterling terms according to the MSCI Latin America Free Index. All in all, the region appears to be holding up well in the face of the US slowdown, and given the attractive stock market valuations that Latin America currently offers, we anticipate continued outperformance from the region when sentiment in the US improves. In particular, Mexico and Brazil continue to offer excellent investment opportunities, thanks to the strength of their economic revivals since the emerging ma...