In this podcast episodeMergermarket’s Latin America editorThiago Barrozo talks with Stephen Marks, Managing Partner of Miami-based investment and financial advisory firmEmmersion, on investment trends and M&A opportunities in Latin America, the impacts of the trade standoff between China and the US in the region, and the sentiment of US investors towards the recent social and political turmoil in Latin American countries like Bolivia, Chile and Venezuela.
Last Thursday at Mergermarket’s annual Financial ServicesForumin NYC, several speakers from major financial institutions identified emerging markets, private credit and fintech as major growth areas for traditional and alternative asset managers.
Brazilians head to the polls again on Sunday to decide who will run the country for the next four years during a second round that appears clearer than the divisive nature of those running for office, with extreme right candidate, Jair Bolsonaro, expected to walk away winning.
This September marked the one-year anniversary when 12 major shareholders in US shale oil and gas producers met in Manhattan to discuss ways to turn fracking operations from cash burners into cash distributors. In the following months since that clandestine meeting, the very same shareholders, including Invesco Ltd., Macquarie Group and others, pressed executives to curtail capital expenditures and instead use that cash to reward investors with dividends and share buybacks.
While steep tariffs and current account deficits of late have sent emerging market (EM) currencies and equity markets into a tail spin, longer-term demographictrends may have larger consequencesforasset prices in developing markets.
Strong GDP growth and unremarkable Q2 corporate profits have imbued investors with confidence for the time being while a slightly weaker dollar is welcomed news for vulnerable emerging market economies; will a new trade deal with Mexico and a hypothetical dollarized Venezuela keep Latin America out of EM turmoil?