Latin America represents the pick of global opportunity for this year

Economic trends around the world remain supportive for emerging markets and the corporate landscape is also robust. Indeed, the outlook is positive for all the main sectors that comprise global emerging market indices, particularly banks, energy, certain sub-sectors of materials, and mobile telecoms, which all have considerable scope for positive earnings surprises. Movements in the oil price have also been beneficial for fiscal and trade balances in several major emerging economies, particularly Russia. Politics is also a driver, especially in Brazil, where there are still signs of the f...