Financials Dragged FLFAX Year-to-Date through November in 2015
FLFAX fell 2.8% in November 2015 from a month prior. In the three- and six-month periods ended November 30, the fund fell 4.8% and 20.4%, respectively.
The EP Latin America Fund A (EPLAX): Historical Portfolio Overview
The EP Latin America Fund Class A invests in companies that derive “at least 50% of its revenues or profits from business activities in Latin America.”
The EP Latin America Fund Class A (EPLAX): Must-Knows
Euro Pacific Asset Management offers the EP Latin America Fund A (EPLAX), which aims for capital appreciation by investing “at least 80% of its net assets.”
Why Consumer Staples ETFs Fell Marginally
The Consumer Staples Select Sector SPDR ETF fell by 0.4% on November 4, while the Vanguard consumer Staples ETF saw a 0.53% fall in its price.
Cantillon gained a position in AmBev via a stock swap merger deal
Cantillon’s 3.9% position in Ambev SA (ABEV) replaced the hedge fund’s 4.46% position in Companhia Bebidas (ABV) due to a stock swap merger deal in November.
Brazilian Stocks Continue to Decline Despite a Pleasant Surprise
Brazilian stocks continue to decline. A good chunk of this decline is due to the corruption scandal surrounding Brazilian oil giant Petróleo Brasileiro.
Why Cantillon opened a new position in MSC Industrial Direct
MSC Industrial Direct (MSM) is a 1% position in Cantillon’s long portfolio. MSC Industrial Direct is a distributor of metalworking and maintenance as well as repair and operations (or MRO) supplies.
Must-know: 3 challenges facing present-day Brazil
Brazil’s industrial sector has been sheltered from foreign competition. This made Brazil’s industrial base one of the least competitive in the world.
Why Brazil seeks diversification
Given the declining competitiveness of its commodity exports, Brazil’s economy is attempting to diversify away from its economic model.
Why Brazil is caught in an inflation trap
Brazil has limited resources at its disposal. An increase in demand for the resources immediately puts upward pressure on the associated costs.
Why is Brazil an attractive investment destination?
With a population of 202.72 million, Brazil is the biggest economy in Latin America and the seventh biggest in the world by nominal gross domestic product.
Cantillon Capital Management’s 1Q 2014 investment strategy
The New York–based Cantillon Capital Management filed its 13F for the first quarter of 2014. The size of the U.S. long portfolio slightly increased in the quarter, from $4.22 billion to $4.32 billion.
Why you should be cautious when investing in Brazil
Brazil’s gross domestic product (or GDP) was growing at about 6% before the recession hit the economy in 2009, when GDP dipped below zero.
A guide to Cantillon Capital Management’s investment strategy
The New York–based Cantillon Capital Management is a hedge fund manager founded in 2003 by William von Mueffling.
Will Rising FDI in Brazil Help 2017 Market Performance?
FDI (foreign direct investments) in Brazil picked up in the second half of 2016 in spite of a slow economy, impeachment of the president, political crises, and corruption scandals.
Is Brazil Showing Improvement in Its Economic Growth?
Brazil’s economy is currently emerging from a severe and prolonged recession. Some reasons for the slump in the country’s economy were political uncertainty and lower consumer and business confidence.
T. Rowe Price’s Stock Picking Skills for Latin America in Focus
So far in 2016 as of August’s end, the T. Rowe Price Latin America Fund (PRLAX) stands third among the seven funds under review in this series.
A Good 2016 So Far for the MFS International Growth Fund
Except for the six-month period until August 19, the MFS International Growth Fund – Class A (MGRAX) has been among the top three funds in its peer group of 12 funds.
Stock Picks that Helped the MFS International Growth Fund in YTD 2016
Except for the one- and three-month periods ended June 17, the MFS International Growth Fund – Class A (MGRAX) has been the best performer in its peer group of 12 funds.
Is Caution Regarding Brazil a Better Bet for Now?
In an interview with The Telegraph in 2015, Will Landers warned investors that 2015 was going to be a very tough year for Brazil.
Inflation in Brazil Has Slowed, but the Battle Is Far from Over
Brazil finds itself in a phenomenon known as stagflation, characterized by slowing economic growth, rising inflation, and high unemployment.
High Exposure to Financials Worked for PRLAX
The T. Rowe Price Latin America Fund (PRLAX) surged 27.3% in the first four months of 2016. In the past year, it fell 8.1%.
The UltraLatin America ProFund: Defeated by Its Leverage Strategy
The UltraLatin America ProFund – Class A (UBPIX) fell 13.7% in December 2015 from a month prior.
Brazilian Manufacturing Remained in Contraction in December 2015
Brazil accounts for ~2.1% of the world’s GDP, and its manufacturing activity accounts for ~11% of Brazil’s GDP. Brazil’s manufacturing PMI increased by 1.8 points to 45.6 in December.
No Sign of Recovery in Brazilian Manufacturing in November
Brazil’s manufacturing PMI declined by 0.3 points to 43.8 in November, compared to 44.1 in October.
Emerging Market Retail ETFs Are Trending Downward
Emerging market ETFs have been declining over deflationary pressures in the markets. The high downside volatility seen in stocks of emerging markets have made investors think twice before investing.
How Financials Hurt the JPMorgan Latin America Fund Class A (JLTAX) in August 2015
The JPMorgan Latin America A (JLTAX) tanked 10.5% in August 2015 from a month ago—the third-worst performance among the eight funds in this review.
Brazil’s Downgrade: What It Means for Investors
On September 9, Standard & Poor’s downgraded Brazil’s sovereign credit rating to “junk” status. Brazilian stocks fell at the close of trade on September 9.
Brazilian Real Nears All-Time Lows in 2015
The Brazilian real has been trading on a weaker note against the US dollar in the last year after depreciating by more than 40% against the US dollar.
William von Mueffling’s Cantillon Capital raises its AmBev stake
Cantillon’s 3.9% position in AmBev SA (ABEV) in 4Q 2013 increased to 5.06% in 1Q 2014. Companhia de Bebidas das Americas (AmBev) is a Brazil-based company and a unit of Anheuser-Busch InBev NV.