Countries In-Depth
Chilean Equities: The Best Value In EM
The stars have aligned for a major outperformance of Chilean stocks versus the EM equity benchmark. Plummeting inflation in Chile will push monetary authorities to continue their aggressive rate cuts, engineering a quick economic recovery this year. We maintain our overweight stance on Chilean stocks and fixed income, and recommend investors go long Chilean banks / short the overall EM index, buy 10-year government bonds, and go long CLP / short COP.
BCA Research | Emerging Markets Strategy
BCA’s flagship global macro and investment strategy platform, helping investors anticipate regime shifts, connect signals across regions and asset classes, and navigate the world’s most difficult macro questions.
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