The Pacific Alliance is in the bargain basement. Buy it now

The recent political turmoil in Latin America doesn’t change the auspicious long-term economic outlook for Chile, Colombia, Mexico and Peru. It spells opportunity for contrarian investors, says James McKeigue.

Man in a hat, picking avocados ©

Exports of avocados from the Andean Three are booming
(Image credit: Man in a hat, picking avocados ©)

Have you had an exciting year? The Pacific Alliance certainly has. Since I last wrote about the Latin American trade bloc in September 2018 its members Chile, Colombia, Peru and Mexico have lived through the type of political and economic turmoil that makes Brexit Britain appear uneventful. Chile and Colombia were upended by violent protests. Mexico's socialist president led his economy into recession. In Peru, where corruption allegations caused the imprisonment, exile or suicide of the last five presidents, the current leader has dissolved Congress in a move opponents claim was a coup.

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James McKeigue

James graduated from Keele University with a BA (Hons) in English literature and history, and has a certificate in journalism from the NCTJ. James has worked as a freelance journalist in various Latin American countries.He also had a spell at ITV, as welll as wring for Television Business International and covering the European equity markets for the Forbes.com London bureau. James has travelled extensively in emerging markets, reporting for international energy magazines such as Oil and Gas Investor, and institutional publications such as the Commonwealth Business Environment Report. He is currently the managing editor of LatAm INVESTOR, the UK's only Latin American finance magazine.