Petrobras shares up on Business Plan 2025-2029 with focus on replenishing reserves, boosting production, expanding portfolio, and increased investments.
Axon, MercadoLibre, and e.l.f. Beauty pulled back with the broad market, yet still hold potential for gains following a rare three-weeks-tight trading pattern.
Latin American equity indices outperformed in 2022, as they benefitted from having less exposure to sectors that were most affected by higher interest rates.
After world shares ex-US enjoyed a rare if unimpressive win over American shares in 2022, by losing less, the odds don’t look encouraging for a repeat run of outperformance in 2023.
The dominance of the US stock market over its foreign counterparts has for years been taken as a sign of the new world order for global asset allocation that forever and always favors American shares.
Studying the past doesn’t somehow allow us to predict the future. But it does tell us that there is a range of potential outcomes and we should be reluctant to make big changes to our portfolios based on any prediction.
For most equity strategies diversified across global markets, this year’s results will be painful. Short of a dramatic run higher between now and the end of 2022, red ink will prevail. But when losses dominate it’s time to start looking for bargains.
While returns have been mixed across countries and quarters, it’s clear that Chile and Brazil’s stellar performance contributed to Latin America’s overall gains.
While markets overall are suffering in 2022, iShares Latin America 40 has managed to post a handsome gain year to date, rising nearly 11% through Wednesday’s close.
Just past the west Texas border into Chihuahua, Mexico is one of the largest silver mines in the country. Further south, an even larger silver mine resides in Zacatecas. Mexico is by far the world’s leading producer of silver, boasting 5,600 metric tons in 2021 versus the number two producer, China, which netted 3,400 metric tons in the same year.
Risk assets took a hit this week, or at least most did. But some corners of the global market were havens. The main outlier: commodities. For a third straight week, WisdomTree Continous Commodity Index GCC rallied, rising 1.9% through Friday’s close.
While most global markets experienced strong performance in 2021, the S&P Latin America BMI finished the year down 12%, with negative returns in three out of four quarters.
Stock markets around the world have generally tumbled so far this year, but shares in Latin America and Africa are notable exceptions, based on a set of ETFs tracking the major equity regions.
This is getting repetitive, but in a good (or at least profitable) way. The bullish momentum that’s been in force for much of the year remained in play this week as most global markets ended on a positive note by the close of trading through Friday.
Red ink was nearly everywhere this past week. Save for Treasuries and investment-grade US corporates, our 16-ETF opportunity set was conspicuously biased to the downside for the trading week through Friday, Aug. 20.
The economic headlines swirled last week, but the net result was essentially no change to a slight downside bias for performance with our strategies. As usual, the relatively calm surface activity masked a fair degree of turbulence in some corners.
Our trio of proprietary strategies continued to trail their common benchmark last week (through Friday, July 23). The gap ranged from slight to substantial.
This year’s rally in US real estate investment trusts was looking tired, but it turned out to be a pause that refreshes. Vanguard US Real State (VNQ) roared higher by 2.5% in this week’s trading, lifting the fund to a record high.
The question is whether the latest slide in markets is the start of a new regime, triggered by last week’s news that the Federal Reserve may be considering raising interest rates earlier than previously expected.
Venture capitalist Hernan Kazah explores options to invest the $1 billion raised by his firm Kaszek Ventures to tap the pandemic induced demand surge for the tech companies,...
