BlackRock Data Shows $1.5B Inflows Propel Latin America Stocks 7.2% Rally
BlackRock data shows record global cash allocations to Latin American equities lifted the MSCI EM Latin America index by 7.2% through mid-February, the region’s best start since 2009. Its Latin America Equity Fund attracted $1.5 billion in January inflows, marking the largest monthly intake in over a decade.
1. Record Fund Inflows
BlackRock’s Latin America Equity Fund saw $1.5 billion of net new investments in January, its strongest monthly inflow since 2009, as investors shifted idle global cash into emerging-market equities.
2. Regional Index Performance
The MSCI EM Latin America index climbed 7.2% through mid-February, led by 9.8% gains in Brazil and 8.1% gains in Mexico, marking the region’s best opening two months since 2009.
3. Market Drivers and Valuations
Surging commodity prices and easing U.S. monetary expectations underpinned the rally, while regional valuation multiples remain 15% below their decade average, suggesting further upside potential.