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Markets Pulled Through the Wringer

Jul 25, 2007

LatAm felt some pain Tuesday as one of the worst market-wide selloffs this year took hold, sending equity indices plummeting and EM fixed income and CDS spreads wider. The S&P 500 fell 1.98%, the Bovespa dropped 3.86%, and Mexico's Bolsa lost 2.20% as...

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The most pressing issue is related to guaranteeing this growth of the system, the savings. We have to guarantee that this growth is followed by better asset managers on the side of the Afores.

Carlos Ramírez, Mexico’s pension regulator, Consar


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