BlackRock's Axel Christensen on NAFTA 2.0, Argentine debt and his contrarian pick for 2017

May 8, 2017

Trade tensions between Mexico and the US and the continued strong run of Brazilian equities are forcing asset managers to examine their regional strategies. BlackRock’s chief investment strategist for Latin America and Iberia, sets out his perspective

Kevin Gray

Several themes, including trade rhetoric between Mexico and the US and the strong run of Brazilian equities, have dominated Latin America's capital markets this year.  

Axel Christensen, BlackRock’s chief investment strategist for Latin America and Iberia, shared his views on those issues and their impact on BlackRock’s investment strategy, in an interview with LatinFinance. The following is an edited transcript of the conversation.

LatinFinance: We’ve seen a lot of political noise from the administration of US President Donald Trump. What’s your view on where things stand? And has it forced a change in your investment strategy?

Axel Christensen, BlackRock: We’ve seen some change in the tone [by the Trump administration] from a more confrontational to a more "let’s try to find a win-win NAFTA 2.0". That has changed the perception of financial assets in Mexico. We’ve seen, for instance, the Mexican peso go back to...

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