September 30, 2020 |
Latin American equities recovered some of their ground since a precipitous fall in March sparked by the COVID-19 pandemic, but still remain stubbornly below the levels at the start of the year.
The benchmark MSCI EM Latin America equity index, which tracks large and mid-cap stocks across six emerging markets, remained almost a third lower by mid-September after hitting a plateau over the last quarter, according to data provider Refinitiv.
Brazil’s equity markets tell a similar story although a stronger recovery since March has helped pull up the emerging market average. The Ibovespa stock market index closely tracked the MSCI EM Latin America equity index on the downturn but has increasingly
Interview with Roderick Greenlees, Global Head of Investment Banking, Itaú BBA