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