Brazil and Mexico are key equity focus areas in emerging markets

The key areas to focus on in Latin America, certainly from an equity investor's point of view, are Brazil and Mexico.

Across our multi-asset and our balanced portfolios, we have investments in Latin American equities because we do think they offer some pretty good long term prospects. The kinds of things that attract us to a market like Brazil are the commodities exposure, which is helpful when the global economy is buoyant. And, outside of commodities, you can also see Brazil is pretty well exposed to global trade in manufacturers. Historically, Brazil’s strongest export market was the US but this has actually internationalised somewhat and so it is a beneficiary of, for example, the expansion takin...