- Mexican and Brazilian elections give Amundi Asset some pause
- Emerging Asian dollar debt offers greater resilience: Amundi
Politics, politics and still more politics. That’s what will dominate Latin America’s biggest economies this year, and provides good reason to be wary of the region’s financial markets, says Europe’s largest asset manager.
“Latin America is difficult to play,” Vincent Mortier, deputy chief investment officer at Amundi Asset Management, said in an interview in Hong Kong last week. “Elections are coming in Mexico — probably a very left-wing party will be elected. Brazil is also in the election process.”
Amundi, which oversaw 1.45 trillion euros ($1.8 trillion) as of March, has cut its fixed-income…