By Thomas Smith, Head of Latin American Equities, Neptune
The investment case for Latin American equities has transformed dramatically over the past 18 months and, looking forward, it has two distinct drivers. In the short term, the region is benefiting from a cyclical economic recovery as two of the larger economies exit recession and the whole region benefits from a synchronised global expansion; while, in the medium term, the region should benefit from the shift away from the populist tendencies of the recent past as, more and more, pro-business governments are elected.
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