BlackRock's Landers: Why LatAm equities can rally like 2009

Will Landers, manager of the $7bn BGF Latin American fund and $500m BlackRock Latin American investment trust, has said equities in the region are poised for a strong rally if the eurozone crisis is resolved.

Landers expects the region will continue to be sold-off until the threat of a banking crisis in the eurozone has been averted. The MSCI Latin American index has been one of the worst performers this year, Landers admitted, with the index falling 16.7% since the start of 2011 compared to a 5.8% drop for the MSCI World, according to Morningstar. “Latin American equities have been beaten up this year and have performed as badly as the Spanish, Italian and Greek markets despite the area not having any of the liquidity or banking issues the European market has endured,” said Landers. “T...