The truth about Asian investment banking
China’s $1.7 trillion hangover

China’s $1.7 trillion hangover

Up to 40% of China’s $1.7 trillion LGFV loans are at high risk of default. What’s a panicking Beijing to do?

December 2009

Investment funds: Latin America outshines other emerging markets

by Chloe Hayward

Equities performing well; Brazil looks frothy


MSCI Index change
As of November 12
MSCI Index YTD
EM Latin America 91.06%
EM Eastern Europe 82.92%
Emerging markets 69.10%
EM Asia 64.56%
EM Far East 61.20%
EM EMEA 60.51%
Source: MSCI Barra
Latin American equity funds have outshone other regions, having risen 91% so far this year, according to the MSCI emerging markets index. The next best performing region is emerging Europe, which is up 83%. Asia’s markets have surged 65% up to November 12.

Douglas Cairns, investment specialist for global emerging markets and Asia at Threadneedle, believes there are further gains to...


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