The best bets for investors in Latin America

Each week, a professional investor tells MoneyWeek where he’d put his money now. This week: Xavier Hovasse, fund manager, Carmignac Emerging Discovery Fund.

This year has proved that, when it comes to emerging markets, politics matters. The sluggish growth seen in developed markets over the past few years has underlined the need for every emerging market to push through structural reforms, where needed, to lay the foundations for long-term growth. We favour markets where we can see such reforms taking place, alongside promising economic indicators such as a current-account surplus, strong growth prospects, and sensible monetary policies.

Mexico and Colombia look [...]

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