Aug. 10 (Bloomberg) — Latin America remains the most “attractively priced” region for equities even after rising more than other markets last quarter, according to Blackrock, the world’s biggest publicly traded asset manager.
Brazil is among the most “notable” equity markets in the region, William Landers, senior portfolio manager for Latin America, wrote in a note to clients, citing prospects for economic growth on commodities and lower borrowing costs.
“Latin American valuation levels offer attractive potential long-term returns, still ranking the region as the most attractively priced regional market on a growth-adjusted basis,” Landers wrote
Y’know, I may be cynical and difficult to please most of the time, but in the end I gotta say that the dude from Blackrock here has got the story right. LatAm is a rocking place to invest your long-haul money right now…and it’s an even better place to live, by the way. Here’s Bloomie: