Technicals Propel LatAm Equity, Says Aberdeen

Mar 19, 2010

Though LatAm indices may be down year-on-year and there are some bearish fundamental influences, inflows are supportive for equity, according to major EM investor Aberdeen. “Given the headwinds of slow economic growth and rising interest rates, I wouldn’t be surprised if [the Mexican Bolsa and Bovespa] were down year-on-year,” Devan Kaloo, head of global EM equities at UK-based Aberdeen Asset Management,...

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