Also in this playlist...
This transcript is automatically generated
Jim -- is a guy who says it's time to dump your holdings if you have them in Argentina.
And if you don't have them jump into Colombia he's putting his money whereas about this gym is the lead portfolio manager.
I just got international fund and he joins us now from a Fox Business exclusive location in Kansas City, Missouri -- nice to see it thank you for being here.
Good to see you live.
Year to date your fund is up about 8% so -- and the year over year it's down 10% so obviously there have been some stresses in these Latin American nations but tell you why you feel that this -- still place.
To convince people to put money in because at the moment doesn't look too hot.
Well I mean it's part of the emerging market story end up.
It's it's uneven but we think in general Latin America's good place to -- we like Mexico and Colombia and in Chile and and -- in some ways we like Brazil but not as much as we used in the self.
War war fairly optimistic that -- is the worldwide economy which is kind of dogging it everywhere out.
Improves slowing that the Latin America will benefit from -- -- so we just we think it's a good place to be.
The William mentally collapse Panama image of Columbia do you think that that is a hot country to be in right now energy is that country's largest export.
Is there a name you like there we were mentioning before the break that everybody talks about Petrobras which is.
Course in Brazil you're saying you sold all of your holdings and Patrick brought now you're moving to something in Colombia what and why.
We've been buying echo petrol.
EC is that symbol on this US exchange.
It's their major.
It's partially government owned but the private half is doing or the private part is doing well.
The government changed its policy -- -- there within the last ten years and they've been increasing production.
And a lot of it is that -- finding that much new loyalists has been.
Expanding production from existing fields so.
We figured they're growing at 15% a year production so most of -- oil companies or are coming up short Petrobras is.
They've got to -- them.
Huge sums of money and of that.
Atlantic Ocean and looking for oil up Petrobras is our -- petrol oil rather is so in known places on -- and so we think it's a much better situation at this point.
It's a very pretty chart from December on very impressive I hope -- -- before December that.
We did all right now it's there's a country that you like and that's Colombia as their country you don't like.
Well I think Argentina is probably I mean we could throw in Venezuelan a couple of others but that Argentina's -- -- the problem child at the moment.
Ten years or so ago we had investments there -- the last time it blew up when they defaulted debt -- an area that we're gonna there we're gonna tax.
While export so we decided that -- the capital friendly place.
And so we've we've got out and we haven't looked back.
We see him now taking over white PF.
Which is owned by the Spanish company reps all.
That is in a very capital friendly thing to do.
I feel a little sentimental about it because we made good money went out quite -- wouldn't reps -- bottom but.
It goes full cycle I guess forum but basically it's not a capital friendly place at this point gonna.
Go back to Brazil Brazil was the the Olympics the World Cup picked up their act together you're not entirely out of -- Are there a couple of names that you're still adding your to your position or at least holding on.
-- we still we have two primary positions in Brazil at this point one is Embraer.
That makes the regional jets.
Out here in Kansas City we've -- appreciate that more than maybe.
People in New York or Chicago do but that's that's part of our access.
And the other is AmBev.
They're the Brazilian beer company.
It's now tied in -- -- and it's it's a complicated structure but basically InBev is a free standing.
Beer company is doing well they've got a -- percent market share in.
What is the net in essence the third largest.
Beer consuming country in the world the Brazilians actually drink more beer in the Germans -- but.
What are almost three time.
They're almost three times as many -- and saw that.
Well nobody drinks more than Robert -- he's he's our residents.
Expert in beer tasting so he's always talk about -- it's a good story in -- -- good story to watch and thank you so much for joining us Tim good to see you you bet.
To Montevideo lead portfolio manager of the scout Internap.
Filter by section