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Veteran Latin America Stock Picker Cuts Brazil, Buys Mexico

  • BTG Asset’s Landers favors Mexico, Chile shares within region
  • Sees short-term concerns in the outlook for iron-ore prices
Will Landers, head of Latin America equity strategy at BTG Pactual Asset Management
Will Landers, head of Latin America equity strategy at BTG Pactual Asset ManagementSource: Bloomberg
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Brazil’s stock market is posting some of the cheapest valuations in more than a decade, but one of Latin America’s best-known investors is shifting funds out of the nation’s equities amid growing fears over the outlook for raw material prices.

Instead, Will Landers, the head of equity strategy for the region at Banco BTG Pactual SA’s asset-management unit, is turning to more expensive stocks in Mexico as US companies transfer production away from Asia and closer to home.