July 1, 2010
by Ben Miller
Latin America’s fundamental strength and ability to withstand external shock is a broken record that has been playing since 2008. Dedicated buyers were caught offside by the panicked selling that year – many losing most of the prior years’ heady gains – but they are undeterred in the latest slump, ready to commit stockpiled inflows to sourcing relative bargains in LatAm debt and equity.
"These are the opportunities we wait for," Adam Kutas, who manages Fidelity’s $1.14 billion LatAm equity fund, tells LatinFinance. "It’s healthy to shake out some of the frothiness," he adds.
"Latin America remains underestimated potential with overestimated risk," says Luis
Fresh crisis in the developed world whips up technical headwinds for LatAm. Dedicated funds are flush and hunting bargains, hoping fundamentals are not impacted.