This report covers the Latin American equity market, highlighting post-election activity in Colombia, commodity-driven performance in Peru, and persistent fund outflows from Brazil and LatAm. Valuations across the region remain at significant discounts to historical averages.
Key Takeaways
- 1.Peru's equity performance is driven by metals, reducing electoral impact risk.
- 2.Colombia's Colcap index rallied 6% post-election; political transitions are expected to drive further rebound.
- 3.Consistent outflows are observed from global funds dedicated to LatAm and Brazil.
Table of Contents
- Key takeaways
- This week in numbers
- Brazil Magnificent 7
- Brazil Unforgettable 7
- LatAm valuation
- Flows from local Brazilian funds
- Foreign flows to B3
- Global flows
- LatAm positioning
- Consensus Earnings Revisions for Brazil
- Earnings Revision Ratio (ERR)
- Stock screens
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Authors
David BekerPaula Andrea Soto, CFACarlos PeyrelongueMateus ConceicaoAnna Clara Malheiros
Securities
MELIPETR4
Themes
Electoral cycles in the AndesCommodity price sensitivityFund flow rotations
Regions
Latin AmericaBrazilMexicoColombia