Autumn 2012

SwimmersThe country's overall infrastructure investment rate is below that of its peers. Andrew Short explores the case ahead of the World Cup in 2014 and the Olympic Games in 2016.

FacadeBank credit rating downgrades are becoming a familiar sight. The importance of Latin America to Spain's largest banks should cause fund managers to reassess counterparty risk. Nick Fitzpatrick reports.

WaterfallBrazilian equities have had a difficult 18 months. Nick Fitzpatrick finds that despite a good first quarter, this asset class of the future is still troubled.

Growth expectations for Brazil have been revised downwards and the stock market has been volatile. Increasingly, Brazilian growth is linked to China' growth, which has slowed too. Though interest rates have been decreasing, which should be good for growth, inflation has been creeping upwards. Funds Global polled economic opinions about the world's sixth-largest economy.

TradersThe Brazil Stock Exchange defends its fees as the regulator considers a reform to bring costs down, reports Nick Fitzpatrick.

CloudsJuan Pablo Córdoba Garcés, chief executive of the Colombian Securities Exchange, and other market participants, talk to Nick Fitzpatrick about the first year of trading for the Latin American Integrated Market.

Mexico cityThe Mexico Stock Exchange is seeking to join the integrated stock exchanges of Chile, Colombia and Peru, known as Mila. Philippe Carré, of SunGard, discusses the latest developments.

compassLatin America's fund managers are experts at domestic equities, while some, and it is suggested the Chileans most of all, have a pan-regional expertise too. It is a natural next step, then, that asset managers look to expand overseas. Nick Fitzpatrick asks fund service providers about trends among this client base.

ChileA history of inflation is one underlying reason why the Chilean fixed income market is so complex today, writes Lorenzo Naranjo, of the ESSEC Business School.