Fynsa
With the presidential election results still undecided, Peruvian markets are reacting cautiously but without major fluctuations. The strength of its institutions and its macroeconomic track record remain the most compelling factors for foreign capital.
After the first round, Colombian assets were driven less by the known results than by the scenario the market began to price in: a higher probability of a right-wing victory in the runoff. The rally was swift, but not necessarily definitive.
Outperformance relative to DM (Developed Markets) is expected to continue through 2026. Emerging markets currently offer diversification in the artificial intelligence sector, from concentration in the US to exposure to Asian AI.
According to a report by the International Monetary Fund (IMF), emerging economies are no longer as vulnerable to external shocks, thanks to better policies and deeper local markets. This is a good sign for investors, albeit nuanced.
Diversify to move forward: a principle that is as relevant as ever
Macroeconomic improvements, a commitment to fiscal sustainability and an eventual pro-market and fiscally more austere policy shift open room for a revaluation in credit instruments.
The potential common currency of emerging economies challenges the supremacy of the dollar. What repercussions would this move have on global financial markets?
More jobs and more remittances continue to underpin domestic consumption in Mexico, driving the economy.
Financial concerns have subsided, but there are new fronts in the political and corporate governance arenas.
