Markets outside the United States continue to show strength.
Europe has been the clear beneficiary of this global rotation, but the latest wave of inflows is now reaching Latin America.
Brazil—the region’s heavyweight—is completing a red-to-green trend reversal. Meanwhile, Mexico, Peru, Chile, and Colombia are all firmly in the green.
These moves are supported by a powerful currency tailwind. With the U.S. dollar weakening, local currencies are strengthening, which boosts returns for dollar-denominated funds invested in these markets.
Beyond that, the rotation simply makes sense. International markets have been strong all year, so Latin America catching higher now feels less like a surprise and more like the next logical chapter of this global rotation.
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