Strong flows face real-rate risks – BNY
Geoff Yu at BNY highlights that Latin American (LatAm) equities have attracted strong inflows thanks to improved terms of trade and resilient currencies. However, higher real rates and tighter financial conditions could eventually pressure earnings, potentially triggering softer equity performance and increased currency hedging demand. Regional stocks resilient but vulnerable “LatAm economies are also exposed to higher energy prices,…










