by Ben Miller
Keeping the Faith
Volatility has complicated life for the equity buyside and dented market performance in the past year. Long-term investors are still sticking to the consumer demand story.
Latin American stocks have continued to suffer from the
developed world’s risk-off attitude during the
last year. Though there has been something of a rebound so far
in 2012, volatility is expected to continue. Investors,
however, are still optimistic. As with previous instances of
risk aversion, they used the dip in the second half of last
year to add to their positions in the region.
Despite recent noise about inflation, currency wars, and
other macro-prudential measures, many are still bullish about
the domestic trends in Brazil, the market accounting for the
great majority of the equity investment opportunity in the
"The domestic growth story is still very much intact," says
Will Landers, senior portfolio manager at BlackRock, which has
$1.56 trillion in equities under management.
BlackRock’s BSF Latin American Opportunities Fund
returned 58.86% in the three-year period to March 31, the most
among LatAm equity...
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