Institutional Perspectives on Latin America

The signing of a memorandum of understanding between the U.S. and Iran pausing hostilities for 60 days, reopening the Strait of Hormuz, and tempering oil prices.

Continued investment in infrastructure, defense, and industrial capacity in Europe is creating attractive opportunities beneath the modest macro growth surface.

Strongest early-stage companies transitioning from superficial AI demonstrations to measurable business outcomes.

Potential reopening of the Strait of Hormuz which would normalize global LNG and crude shipping flows.

A potential shift in US trade policy negotiations to reduce ultimate tariff burdens, which would bring significant equity market relief.

A potential reversion to historical book value averages for international listed real estate, which could drive up to 40% upside across the sector.

A highly positive and supportive regulatory environment in the US, including a new pro-crypto SEC chair and the anticipated passage of a bipartisan stablecoin bill.

U.S. policy shifts including potential corporate tax cuts, deregulation, and protectionist tariff implementation under the incoming administration.

Strong economic growth and financial sector improvement in India.

Capital rotation from fixed income back into equities as interest rates decline.

Consolidation trends and M&A activity within the copper mining industry due to supply constraints.

Generative AI Integration: Adoption of LLMs and generative AI tools represents a massive wave of secular growth that can dramatically improve corporate productivity and yield high-value new premium software features.