The new year is only one month, and an investment group manager is already confident that Argentina “the entire 2025 will become a great story.” “Argentine’s momentum is great, so it transformed from the largest retrograde crowd in 2024 to one of my best bets this year,” Malcolm Dorson, a senior investment group manager of Global X ETFS, told CNBC Pro on January 24. Dorson’s conviction. In Latin American countries, part of the part is due to the decline in interest rates, the decline in credit spread and the decline in capital costs. The country’s central bank has reduced the benchmark interest rate in December to 32 % from 133 % of the record in October 2023. Argentina’s annual inflation rate reached 117.8 % in 2024, 94 points lower than 2023. Data from the World Bank show that after two years of economic recession, Argentina’s economic plan will expand 5 % this year, an increase of 4.7 % in 2026. The World Bank said that under the support of macroeconomic stability, the promotion of agriculture, energy and mining departments is expected to promote this forecast economic growth. Dorson said: “Everything is good for Argentina: the economy is improving, bond yields are declining, and the market is rising.” He added that the transaction price of the MSCI Argentina Index is 0.9 times, which means that the country’s stocks are being quilt Evaluated. According to FactSet data, the MSCI Argentina Index (tracking the performance of large and medium -sized stocks in the country’s market) has risen by 156.57 % over the past 12 months. In order to compare, the MSCI emerging market index (including Brazil, China and India, which are captured by large and medium -sized stocks), rose by 13.81 % at the same time. Due to the government’s “release of Argentina’s natural resources potential”, Doron is particularly interested in the energy department. His preferences include YPF SociedAd Anonima and Vista Energy on the Buenos Aires Exchange in Argentina, as well as US deposit receipts in the United States as the stock YPF and Vist. Other stocks on the Dorson radar include Arcos Dorados Holdings, the main franchise operators of McDonald’s, Latin America and the Caribbean Sea, and e -commerce platform Mercadolibre, or what he said “Amazon in Latin America that everyone likes”. Greece: In addition to Argentina, Doson believes that Greece is a “wonderful investment story.” He said: “Greece provides about 15 % of the income every year in the foreseeable future. This is based on a 10 % income growth plus 67 % of the dividend yield. Putting them together, you can sit down and get downlink protection. “With the help of Greece, you have a market for investment level credit. This is the fastest growing GDP in Western Europe, and your transaction is still lower than the book value. “According to the forecast of economic cooperation and development, Greece has emerged from a one -year debt crisis. It is expected to increase by 2.2 % this year, an increase of 2.5 % in 2026. Standard and Fitch rating raised its credit rating to investment level in 2023, and Moody’s has upgraded it to the level lower than the investment level. According to FACTSET data, in the past 12 months, the performance of the MSCI Greek Index has risen by 17.26 %. After cleaning up the balance sheet, Doson is particularly optimistic about the Greek Bank. He said their asset quality is very safe. “He said, prove his bad loan document and sell it to other credit managers and hedge funds.” He also likes toy retailer Jumbo, given the “potential of rapid expansion to the penetrating market from rapid expansion to Eastern Europe”, and lottery tickets He can describe it as “the locals are very favorable and highly sponsor the locals.” India: Asia: In view of its “absolutely excellent structure settings”, it is described as “the locals are very favorable.” Domson bet on India in India. He said: “This market will generate the return of my children and grandsons.” Even when India’s benchmark Nifty 50 and Sensex hovered at a low point for more than seven months, his belief was the same. The investment portfolio manager regards India as the beneficiary of strong against the wind between the United States and China. He added that India and other emerging markets will also be at the price of “higher pricing at higher US dollars and progressive US Federal Reserve”, as well as monetary policy. The financial sector, the bank,,,, is “lever in the vast Indian market”, so it stands out of him. “The bank has been smart in terms of undertaking a strong capital expenditure (capital expenditure) cycle.” Doron explained. He said that banks are also “one of the few areas with relatively attractive times in the Indian market.” He named HDFC, ICICI Bank and Federal Bank theme.
Fund manager named 3 emerging markets, with excellent investment stories of 2025 | Real Time Headlines
RELATED ARTICLES