© Emmersion 2019, All Rights Reserved

+1-312-884-1294   usa(at)emmersionintl(dot)com

Reforms are starting to work in Latin America.

September 8, 2017

Interesting article from Bloomberg Markets, which discusses how reform initiatives in Latin America are succeeding:

 

Latin American notes have been supported by a jump in corporate profits -- earnings are up almost 20 percent in the second quarter from a year earlier -- brought on by the fastest economic growth since 2013. Traders see the rally getting fresh support from measures such as a pension overhaul in Brazil, a loosening of price controls in Argentina and fiscal tightening in Mexico.

 

“The broad outperformance in Latin America -- particularly Argentina, Mexico, and Brazil -- speaks to the broad reform programs we have seen in each of these countries and the stable backdrop these reforms have provided,” said Kofi Bentsi, a money manager focused on emerging-market corporate bonds at Pimco, the second-largest U.S. fixed-income management firm. He says Argentina and Brazil are likely to continue to outperform.

 

https://www.bloomberg.com/news/articles/2017-09-06/pimco-to-schroders-say-catch-reform-tailwinds-in-latin-america

 

 

 

Share on Facebook
Share on Twitter
Please reload

Featured Posts

I'm busy working on my blog posts. Watch this space!

Please reload

Recent Posts
Please reload

Archive
Please reload

Search By Tags

I'm busy working on my blog posts. Watch this space!

Please reload

Follow Us
  • Facebook Basic Square
  • Twitter Basic Square
  • Google+ Basic Square