Latin America Equities Outlook

• Why Latin American stocks are outperforming global markets
• Structural vs. cyclical drivers of emerging markets performance
• Is a long-term rerating underway?

Macro Trends Driving Latin America Markets

• Interest rate cycles across emerging markets vs. the U.S.
• Impact of U.S. dollar trends on Latin American currencies and equities
• Commodities super-cycle: energy, copper, lithium, and agriculture
• Nearshoring and global supply chain shifts benefiting Mexico

Fundamental Drivers: Valuation & Earnings Growth

• Why Latin America trades at a discount to developed markets
• Earnings growth across financials, commodities, and domestic sectors
• Country-level opportunities: Brazil, Mexico, Chile, Argentina
• Domestic demand, credit expansion, and underpenetrated markets

Quantitative Signals & Market Positioning

• Factor rotation: shift away from U.S. mega-cap dominance
• Investor flows and under-ownership of Latin America
• Market breadth, momentum, and earnings revisions
• Role of FX stability in supporting equity multiples

Key Risks to Watch

• Political and fiscal risks in major economies like Brazil
• Commodity price volatility and dependence on global growth
• Geopolitical risks and external shocks

Investment Strategy & Portfolio Positioning

• How to gain exposure to Latin America equities
• Country vs. sector vs factor-based allocation
• Why active management matters in emerging markets
• Identifying alpha opportunities in a high-dispersion region

The information presented is for informational purposes only and should not be considered as investment advice nor as a recommendation of any particular strategy, allocation or investment product: before making any investment decision, you should seek expert, professional advice and obtain information regarding the legal, fiscal, regulatory and foreign currency requirements for any investment according to the laws of your home country and place of residence. Investing involves risk, including the possibility of loss of principal. Any forward-looking statements or forecasts are based on assumptions and actual results may vary from any statements or forecasts.

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