Equities: A Mixed Bag

Regular readers of our Daily Financial Alert will be aware of our divergent outlook for Latin equities, a view reinforced by recent trading of the Mexican, Brazilian, Colombian and Argentine benchmark bourses. But though we favour some markets - most notably Mexico's IPC - over others, the gains posted by even the most promising indices in the region of late remain disappointing in comparison to developed market counterparts, encouraging us to remain on the sidelines for the time being.

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