Related: How Central Banks Affect LatAm ETFs
“Assuming the base breakout in absolute and relative terms marks the end of the 2010-16 EM bear, we can look forward to a two-year (19-37 month) outperformance into 2018,” according to the CLSA note posted by Barron’s.
Brazilian stocks have rallied this year and banks in Latin America’s largest economy appear inexpensive, those institutions are faced with declining consumer credit quality. Additionally, some Brazilian states have recently delayed payment to public workers, potentially crimping the ability of those workers to repay loans taken from Brazilian banks.
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iShares MSCI Emerging Markets ETF
