Latin American funds lag in August as Covid response weighs

Top performing funds table 'most diverse in months'

David Brenchley
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Brazil's response to Covid-19 weighed heavily on Latin America
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Brazil's response to Covid-19 weighed heavily on Latin America

Latin American funds propped up the performance tables in August, as the Covid-19 response of Brazil and Mexico combined with a heavy reliance on commodities and natural resources weighed on the region.

Markets continued to trend upwards during the month, particularly in the US led by the highly prized technology stocks, with the Japanese and UK smaller companies sectors leading the way from a funds perspective. However, funds investing into Latin American or Brazilian equities filled the six worst-performing spots, and seven of the bottom ten performers, according to FE fundinfo data. First post-Covid-19 investment trust launches could shake up their fledgling asset classes Latin American funds from Scottish Widows, Liontrust, Invesco, Aberdeen Standard Investments, and BlackRock...

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