Latin America is generally viewed as comprising twenty independent sovereign states, stretching from Mexico to Cape Horn. As well as the countries shown in the infographic below, it includes Panama, Venezuela, Costa Rica, Guatemala and ten more nations.
While there are challenges to overcome, we believe the investment outlook for Latin America as a whole is quietly encouraging, making it one of our key investment themes in 2019.
In the 1980s, the region was characterized by hyper-inflation, dictatorships and state-ownership of assets, but today the principles of democracy and economic liberalization are more in evidence. The macro-economic picture for much of Latin America is currently supportive, but there are also long-term tailwinds which suggest the region could outpace its developed market rivals in the years ahead.