Asian Investors Raise the Stakes

Apr 1, 2011

Asian wealth managers are looking to raise equity exposure while diversifying bond investment in LatAm. The opportunities will continue to grow alongside trade.

by Ben Miller

With comparatively low interest rates at home, Asia-based investors are keen to increase and diversify exposure to Latin America, in line with increasing trade. Building on fixed income focus tracking commodities, the Asian buyside is starting to buy LatAm equities, tapping into strong domestic growth, particularly in Brazil.

“The commodity story is well known in Asia, but also in a country like Brazil, 60% [of the economy] is domestic consumption,” says Young Hwan Kim, chief investment officer for LatAm at Korea’s Mirae Asset Management. Mirae, which has about $1.2 billion assets under management (AUM) in LatAm, is one of the more advanced Asian asset mangers, having established a Brazil office in 2008.

“Mexico and Brazil are in a sweet spot of sustainable consumption growth,” says John Doyle, deputy chief investment officer at UOB Asset Management in Singapore, which has $11.6 billion...

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