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Latin America's Populist Collapse Cheered With Foreign Inflows

  • Traders piling into Brazil's stock ETF on impeachment wagers
  • Elections in Argentina, Venezuela lure investors to assets
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Argentina's Macri Takes Office With Economic Challenges

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It’s been a tough run for Latin American leftists, and investors couldn’t be happier.

Traders have snapped up assets from countries showing a shift away from the populist leadership of the past decade. Venezuelan bonds climbed to the highest since May after the opposition on Sunday won a majority in Congress for the first time in 16 years. The Global X MSCI Argentina exchange-traded fund has seen assets under management jump since polls first showed a business-friendly candidate was likely to win the presidency in last month’s elections. Investors have piled into the biggest Brazil stock ETF as lawmakers initiated impeachment proceedings against President Dilma Rousseff.