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How would one know if Latin America is good place for investment?
Start with Tulio Vera, managing director and chief investment strategist at Bladex Asset Management, a New York investment adviser that oversees a macro hedge fund with a primary focus on Latin America.
Vera was a guest speaker at an event organized by the Latin American chapter of the lobbying group Hedge Fund Association at the Pierre Hotel in New York on Oct. 6. The event’s other featured speaker was SkyBridge Capital’s Anthony Scaramucci.
A Merrill Lynch vet who has dealt in Latin American investment strategies for years, Vera said it was a “good moment” now for Latin America in terms of investment when compared to Europe and its current economic crisis.
“Use Europe as a hedge; I think it has been probably the best hedge this year to be long Latin American emerging markets and hedge with Europe,” Vera said.
He also said Latin American emerging markets such as Brazil and Chile have changed the perception that those markets will be besieged by inflation by cutting interest rates.
Vera then turned to the economic powerhouse that is China, and explaining how it has become more important to Latin America than Europe and the U.S. because of the trading relationship between the two regions.
“Commodities are the bridge between the Far East and China, and Latin America,” Vera said. “Every major Latin American country is, in one way or another, a commodities exporter of sorts, whether it’s copper or wheat or oil or soy.”
He then wrapped up his speech with this pithy credo: “Latin America is in good shape, the world around is very turbulent.”
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