Gap developing between Latin America and Asia

Professional Adviser
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Brightening forecasts for economic growth will favour the emerging markets but a gap is appearing be...

Brightening forecasts for economic growth will favour the emerging markets but a gap is appearing between Latin American and Asia, says Susan Payne, fund manager at Emergent Asset Management. This has been caused by fiscal and political uncertainties in Brazil, she argues. A correction has occurred in Brazilian markets, she says, because of uncertainty about the outcome of the October elections and the fact that the left-wing candidate Lula is leading in the polls. Brazilian bonds have fallen dramatically, Payne points out, because of fears the Government may have trouble meeting deb...

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