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Citi Latin American Equity Strategist Jason Press on the investment opportunities in Latin America.
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Bribery.
Let's get to China as China falls so fall emerging market stocks but my next guest says that should not stop you from investing.
-- in the region not Mexico but other regions of Latin America as long as you look for not global but domestic growth opportunities.
He's here to explain what that means joining us at this favorites Citigroup's Latin American strategist.
Jason Press is so interesting in -- looking at Mexico of course -- at the Wal-Mart story but.
Mexico has really done a number beating out say for example Brazil which is such a hot market past several months out of the past year hasn't.
You've got to Liz.
Mexico is actually outperformed in nine the last twelve months it's an unprecedented outperformance.
We therefore think that valuations are rich in that country Richmond too expensive pressure expense okay -- away from Mexico let's gravitate to what you think is -- strong area that's.
Brazil -- and Lima Peru -- -- we do we like Brazil it's our top choice within Latin America.
We -- you prefer the domestic stories -- Brazil we see a strong consumer spending for the consumers about 15% annual.
Rate -- Mexico at about 10% annual rate in -- were seeing similar growth rates for the consumer.
With in this.
Brazil.
Finances when the sectors that we like the must.
OK so.
They have better growth and we -- certainly I assume you've got down there you look at some of these companies let's get to some that you really like right now because our investors are always looking for sort of the hot opportunities one of the -- -- Bradesco which is some sort of a beneficiary of -- rate cuts in Purcell.
Exactly -- this goes when the biggest beneficiaries of rate cuts large cap stocks.
In Brazil so therefore it's liquid enough.
For most of the viewers.
Down 22% over the past -- exactly we therefore think that it's a -- the valuations are so attractive at these levels that is impossible to ignore it we want people to come on this program and don't tell you to buy something at the very top of the past few.
