Bolsonaro Has Investors Racing to Brazil as They Bolt From Mexico
- ETFs dedicated to Brazil see strongest inflow since May 2017
- Investors take money out of Mexican underperforming assets
This article is for subscribers only.
On the threshold of populist governments taking office in Latin America’s two largest economies, contrasting comments from the incoming presidents are leading money to flow out of Mexico and into Brazil.
Investors added $367 million to U.S. listed exchange-traded funds that track Brazilian stocks and bonds last week, the biggest inflow since May 2017, according to data compiled by Bloomberg. The only emerging-market country to see outflows over that period was Mexico, with $214 million being pulled from ETFs dedicated to the country’s assets.