LatinFinance - May/June 2016 - 1
MIKE SIMPSON, BARING ASSET MANAGEMENT
"WE DID ADD TO
BRAZIL BECAUSE
WE BELIEVED THAT
POLITICAL CHANGE
WAS COMING"
INVESTOR REPORTS
Argentina
20/Looking to
reboot
Argentine companies are
hoping to take advantage of
the country's new economic
landscape
Japan-Latin America
30/New
opportunities
Japan's big banks try to fill a
void in Latin America left by
European lenders
Central America
36/Sales pitch
The region wants to attract
more investment, but is it doing enough?
COVER STORY
Turning
around
10/
Investors are starting
to return allocations to
LatAm, with some looking
to Brazil for yield
REGULAR COLUMNS
LatinFinance® (USPS 004-662), (ISSN
1048-535X) is published bi-monthly by
Latin American Financial Publications, Inc.,
1101 Brickell Avenue, Suite N1200, Miami,
Florida, 33131 USA. Periodicals postage
paid at Miami, FL and at additional mailing
offices. POSTMASTER to return Mail to: PO
Box 4009 Chesterfield, MO 63006-4009,
USA.
©2016 Latin American Financial
Publications, Inc.
All rights reserved. Reproduction in whole or
in part of any text, photograph, or illustration
without written permission from the publisher
is strictly prohibited.
Title is protected
through a trademark
registration with the
US Patent Office.
LatinFinance Roundtables and Special
Reports are underwritten by sponsors,
although the magazine's editors retain
control over the content of these articles to
ensure their objectivity and independence.
1 L ATINFINA NCE.COM - May/June 2016
FEATURES
2/Front notes
Brazil Investor Scorecard
4/People news
Quality and diversification
helped local managers find
value
Trying to read the political tea
leaves in Brazil
6/Bonds news
7/Loans news
13/Cautious
approach
Equity Investor Scorecard
16/Difficult year
8/Equity and M&A
news
Managers search for value as
fund outflows show signs of
turning
48/Parting shot
Debt Investor Scorecard
Chile's economy is diversifying
says Central Bank President
Rodrigo Vergara
18/Cautiously
optimistic
A year of thin returns
ON THE COVER
The pendulum swings on
LatAm investment flows
Illustrated by
Flavia Santos
MAY/JUNE
2016
CONTENTS
http://www.LATINFINANCE.COM
Table of Contents for the Digital Edition of LatinFinance - May/June 2016
Contents
LatinFinance - May/June 2016 - Cover1
LatinFinance - May/June 2016 - Cover2
LatinFinance - May/June 2016 - Contents
LatinFinance - May/June 2016 - 2
LatinFinance - May/June 2016 - 3
LatinFinance - May/June 2016 - 4
LatinFinance - May/June 2016 - 5
LatinFinance - May/June 2016 - 6
LatinFinance - May/June 2016 - 7
LatinFinance - May/June 2016 - 8
LatinFinance - May/June 2016 - 9
LatinFinance - May/June 2016 - 10
LatinFinance - May/June 2016 - 11
LatinFinance - May/June 2016 - 12
LatinFinance - May/June 2016 - 13
LatinFinance - May/June 2016 - 14
LatinFinance - May/June 2016 - 15
LatinFinance - May/June 2016 - 16
LatinFinance - May/June 2016 - 17
LatinFinance - May/June 2016 - 18
LatinFinance - May/June 2016 - 19
LatinFinance - May/June 2016 - 20
LatinFinance - May/June 2016 - 21
LatinFinance - May/June 2016 - 22
LatinFinance - May/June 2016 - 23
LatinFinance - May/June 2016 - 24
LatinFinance - May/June 2016 - 25
LatinFinance - May/June 2016 - 26
LatinFinance - May/June 2016 - 27
LatinFinance - May/June 2016 - 28
LatinFinance - May/June 2016 - 29
LatinFinance - May/June 2016 - 30
LatinFinance - May/June 2016 - 31
LatinFinance - May/June 2016 - 32
LatinFinance - May/June 2016 - 33
LatinFinance - May/June 2016 - 34
LatinFinance - May/June 2016 - 35
LatinFinance - May/June 2016 - 36
LatinFinance - May/June 2016 - 37
LatinFinance - May/June 2016 - 38
LatinFinance - May/June 2016 - 39
LatinFinance - May/June 2016 - 40
LatinFinance - May/June 2016 - 41
LatinFinance - May/June 2016 - 42
LatinFinance - May/June 2016 - 43
LatinFinance - May/June 2016 - 44
LatinFinance - May/June 2016 - 45
LatinFinance - May/June 2016 - 46
LatinFinance - May/June 2016 - 47
LatinFinance - May/June 2016 - 48
LatinFinance - May/June 2016 - Cover3
LatinFinance - May/June 2016 - Cover4
https://www.nxtbook.com/nxtbooks/latinfinance/0319QMR
https://www.nxtbook.com/nxtbooks/latinfinance/1218JYM
https://www.nxtbook.com/nxtbooks/latinfinance/paraguay_2018
https://www.nxtbook.com/nxtbooks/latinfinance/8320YTM
https://www.nxtbook.com/nxtbooks/latinfinance/8465TBM
https://www.nxtbook.com/nxtbooks/latinfinance/1476YBW
https://www.nxtbook.com/nxtbooks/latinfinance/7835THM
https://www.nxtbook.com/nxtbooks/latinfinance/8655TGL
https://www.nxtbook.com/nxtbooks/latinfinance/0614IJP
https://www.nxtbook.com/nxtbooks/latinfinance/ecuador_20170910
https://www.nxtbook.com/nxtbooks/latinfinance/2713KNP
https://www.nxtbook.com/nxtbooks/latinfinance/4982CFT
https://www.nxtbook.com/nxtbooks/latinfinance/7803HWE
https://www.nxtbook.com/nxtbooks/latinfinance/3829THA
https://www.nxtbook.com/nxtbooks/latinfinance/7891MDD
https://www.nxtbook.com/nxtbooks/latinfinance/7714JCR
https://www.nxtbook.com/nxtbooks/latinfinance/5619CMK
https://www.nxtbook.com/nxtbooks/latinfinance/6939ASL
https://www.nxtbook.com/nxtbooks/latinfinance/1364ASF
https://www.nxtbook.com/nxtbooks/latinfinance/0453DAS
https://www.nxtbook.com/nxtbooks/latinfinance/0453DAS_supp
https://www.nxtbook.com/nxtbooks/latinfinance/1304APV
https://www.nxtbook.com/nxtbooks/latinfinance/7234GSD
https://www.nxtbook.com/nxtbooks/latinfinance/1643XGS
https://www.nxtbook.com/nxtbooks/latinfinance/9511JKM_supp
https://www.nxtbook.com/nxtbooks/latinfinance/9511JKM
https://www.nxtbook.com/nxtbooks/latinfinance/8745TNV
https://www.nxtbook.com/nxtbooks/latinfinance/3629PBC
https://www.nxtbook.com/nxtbooks/latinfinance/7466TBC_HSBC
https://www.nxtbook.com/nxtbooks/latinfinance/7466TBC_supp
https://www.nxtbook.com/nxtbooks/latinfinance/7466TBC
https://www.nxtbook.com/nxtbooks/latinfinance/9463RVB
https://www.nxtbook.com/nxtbooks/latinfinance/7345GPY
https://www.nxtbook.com/nxtbooks/latinfinance/6398TVB
https://www.nxtbook.com/nxtbooks/latinfinance/4899EXM_supp
https://www.nxtbook.com/nxtbooks/latinfinance/4899EXM
https://www.nxtbook.com/nxtbooks/latinfinance/3885CWS
https://www.nxtbook.com/nxtbooks/latinfinance/45923GBC
https://www.nxtbook.com/nxtbooks/latinfinance/67449NBD
https://www.nxtbook.com/nxtbooks/latinfinance/46733NLP
https://www.nxtbook.com/nxtbooks/latinfinance/78456HCL
https://www.nxtbook.com/nxtbooks/latinfinance/89456RBM
https://www.nxtbook.com/nxtbooks/latinfinance/22278HBL
https://www.nxtbook.com/nxtbooks/latinfinance/2895YBM
https://www.nxtbook.com/nxtbooks/latinfinance/9033TBM
https://www.nxtbook.com/nxtbooks/latinfinance/8934TNP
https://www.nxtbook.com/nxtbooks/latinfinance/costarica20130304
https://www.nxtbook.com/nxtbooks/latinfinance/4672PNB
https://www.nxtbook.com/nxtbooks/latinfinance/9377BKL
https://www.nxtbook.com/nxtbooks/latinfinance/drmtest
https://www.nxtbook.com/nxtbooks/latinfinance/drmtest2
https://www.nxtbook.com/nxtbooks/latinfinance/5532LMC
https://www.nxtbook.com/nxtbooks/latinfinance/9044TBM
https://www.nxtbook.com/nxtbooks/latinfinance/4877RBC
https://www.nxtbook.com/nxtbooks/latinfinance/3008JHV
https://www.nxtbook.com/nxtbooks/latinfinance/3728YBC
https://www.nxtbook.com/nxtbooks/latinfinance/9337KLM
https://www.nxtbook.com/nxtbooks/latinfinance/5674GNJ
https://www.nxtbook.com/nxtbooks/latinfinance/8330KMC
https://www.nxtbook.com/nxtbooks/latinfinance/7663HCM
https://www.nxtbook.com/nxtbooks/latinfinance/2319ZMB
https://www.nxtbook.com/nxtbooks/latinfinance/7110MKL
https://www.nxtbook.com/nxtbooks/latinfinance/8599FHG
https://www.nxtbook.com/nxtbooks/latinfinance/4517HJK
https://www.nxtbook.com/nxtbooks/latinfinance/7813GHB
https://www.nxtbook.com/nxtbooks/latinfinance/1564FBM
https://www.nxtbook.com/nxtbooks/latinfinance/8884HGV
https://www.nxtbook.com/nxtbooks/latinfinance/7863SVB
https://www.nxtbook.com/nxtbooks/latinfinance/5233SFB
https://www.nxtbook.com/nxtbooks/latinfinance/5899SML
https://www.nxtbook.com/nxtbooks/latinfinance/4311PMN
https://www.nxtbook.com/nxtbooks/latinfinance/1366FBB
https://www.nxtbook.com/nxtbooks/latinfinance/9355AXC
https://www.nxtbook.com/nxtbooks/latinfinance/8559EBN
https://www.nxtbook.com/nxtbooks/latinfinance/8244QXC
https://www.nxtbook.com/nxtbooks/latinfinance/1779BBN
https://www.nxtbook.com/nxtbooks/latinfinance/7144XVB
https://www.nxtbook.com/nxtbooks/latinfinance/8971QGH
https://www.nxtbook.com/nxtbooks/latinfinance/200805
https://www.nxtbook.com/nxtbooks/latinfinance/200804
https://www.nxtbook.com/nxtbooks/latinfinance/200803
https://www.nxtbookmedia.com