Brazilian, Mexican and Colombian stock exchanges make sales pitch to investors from Hong Kong, China
- Senior officials from Latin American exchanges say there are plenty of opportunities for investors
- Local brokers say Hong Kong-based investors will have to be educated first
Three major Latin American markets are wooing Chinese and Hong Kong investors to trade on their bourses saying they present huge opportunities, but brokers feel a general lack of awareness and knowledge about these economies could deter local investors.
Senior stock exchange officials from Brazil, Mexico, and Colombia – the three largest economies in Latin America – were in the city recently to meet asset managers to diversify and grow their investor base.
“Latin America is the other fastest-growing region in the world with about 500 million people in the region, representing 8 per cent of the global gross domestic product and population, but it’s under-represented in the region,” said Juan Pablo Cordoba, president of Bolsa de Valores Colombia.
Cordoba along with Sergio Gullo, head of international business development at Brasil Bolsa Balcao (B3), and Rodrigo Velasco, deputy CEO of Bolsa Institucional de Valores (BIVA), Mexico’s second stock exchange which opened in July, told investors, asset managers and brokers from Hong Kong and China that there was huge scope for overseas investments and tremendous opportunities await them.
Their pitches were backed by Franklin Templeton Investments and Bain & Company.