Countries In-Depth

Bet On Peru’s Outperformance

26 May 2025

by Juan Egana, Editor/Strategist

Peru’s economic resilience will help its markets outperform their EM peers. Domestic macro fundamentals are robust, and strong external accounts will lead to a stable-to-strengthening currency versus the US dollar. Overweight Peruvian equities, local bonds, and sovereign credit relative to their respective EM benchmarks, and go long 10-year domestic bonds (currency unhedged).

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