Why Latin America funds are on a hot streak
Brazil’s stock market index, the Ibovespa, rose by 8.5% last week, taking its month-to-date gain to 11% and extending the momentum built up over the course of last year. After a difficult 2024, when it fell by 10%, the Brazilian market recovered strongly in 2025. Global interest rates had started to ease and investors were turning back towards emerging markets in search of higher returns. The index ended the year up 34%. Overseas investors would have seen even larger gains as Brazil’s...
