March 27, 2019
The capital markets in Latin American have been rocked by a revolution in recent years, says Mark Mobius. It has little to do with rotating governments or volatile economies. Rather, it’s the byproduct of the digital revolution where the internet, smartphones and ever faster PCs are steadily streaming information.
And it’s coursing through almost every corner of the marketplace, he says, touching companies, regulators and investors, while creating a degree of transparency never seen before. The veteran emerging market investor cites the fallout from the Operation Car Wash probe as an example of its influence. The scandal, where bribes were shuttled among Petrobras executives, construction c
The time is ripe for emerging markets and Brazil is among the most appealing, says Mobius