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Long on bonds: LatAm debt leaders go head-to-head

Latin America is renowned as a hotbed of political and economic upheaval but what does that mean for the bond managers vying to find attractive debt to buy in the region?

In this edition of ‘Long on bonds’, Dr. Nisha Long takes a closer look at the managers packing a punch in the specialist sector when it comes to assets and sees how they compare with the investor boasting the best returns on a risk-adjusted basis.

Correction

This video focuses on the Investec GSF Latin American Corporate Debt fund but references the holdings of Investec Latin American Investment Grade Corporate Debt fund. They are both run by the same portfolio team at Compass Group but with different investment styles.

As stated in the video, at the end of August, the largest country figures for the Latin American Investment Grade Corporate Debt fund are Mexico (28%) and Chile (24%), with the top holdings being Fresnillo PLC and financial BBVA Bancomat.

However, the Latin American Corporate Debt fund has 36.3% exposed to Brazil at a country level and only 15% invested in Mexico. This fund’s largest holdings are bonds issued by Ultrapar International, which is a Brazilian fuel distribution company, and Chilean telecoms group VTR Finance.

The performance figures correctly relate to the Investec GSF Latin American Corporate Debt fund.

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Related Fund Managers

Tomas Venezian
Tomas Venezian
1/14 in Bonds - Emerging Markets Latin America (Performance over 3 years) Average Total Return: 11.94%
Matthew Claeson
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2/14 in Bonds - Emerging Markets Latin America (Performance over 3 years) Average Total Return: 11.94%
Alfredo Mordezki
Alfredo Mordezki
3/14 in Bonds - Emerging Markets Latin America (Performance over 3 years) Average Total Return: 10.74%
Events
  • Citywire Latin America 2017

    Citywire Latin America 2017

  • Citywire Miami 2017

    Citywire Miami 2017

  • Citywire Santiago 2017

    Citywire Santiago 2017

  • Citywire Mexico 2017

    Citywire Mexico 2017

  • Citywire Miami 2017

    Citywire Miami 2017

  • Citywire New York 2016

    Citywire New York 2016

  • Citywire New York 2016

    Citywire New York 2016

  • Citywire Mexico 2016

    Citywire Mexico 2016

  • Citywire Mexico 2016

    Citywire Mexico 2016

  • Citywire Panama 2016

    Citywire Panama 2016

  • Citywire Latin America 2016

    Citywire Latin America 2016

  • Citywire Latin America 2016

    Citywire Latin America 2016

  • Citywire Miami 2016

    Citywire Miami 2016

  • Citywire Miami 2016

    Citywire Miami 2016

  • Citywire Panama 2016

    Citywire Panama 2016

  • Citywire New York 2015

    Citywire New York 2015

  • Citywire New York 2015

    Citywire New York 2015

  • Citywire New York 2015

    Citywire New York 2015