Rousseff impeachment: what would it mean for Latin America?

Thomas Smith, manager of the Neptune Latin America Fund

Latin American equities have performed strongly so far in 2016, returning 27 per cent in sterling terms. Much of this move has been driven by newsflow from Brazil, with markets reacting positively to the government voting to impeach President Dilma Rousseff and on the hope of a fiscal adjustment and reforms under a potential new president. Thomas Smith, manager of the Neptune Latin America Fund, explains why he believes this has the potential to bring about real change, as well as summarising the general move to the centre we are witnessing in Latin American politics.

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Neptune funds may have a high historic volatility rating and past performance is not a guide to future performance. The value of an investment and any income from it can fall as well as rise as a result of market and currency fluctuations and your clients may not get back the original amount invested. Investments in emerging markets are higher risk and potentially more volatile than those in established markets. References to specific securities are for illustration purposes only and should not be taken as a solicitation to buy or sell these securities. Please remember that forecasts are not a guide of future performance. The content of this document is formed from Neptune’s views as at the date of issue. We do not undertake to advise you as to any change of our views. Neptune does not give investment advice and only provides information on Neptune products. Please refer to the Fund’s prospectus for further details.

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