Another election cycle meant another year of ambiguity for investors in Latin America.
Both Brazil and Colombia held presidential elections in 2022, with the latter country having an unpredictable race that resulted in a narrow runoff victory for former rebel Gustavo Petro. “Because these election processes are always a bit messy, the political environment was a little more complicated in the second part of last year,” said Carlos Sequeira, head of research at BTG Pactual. “This ended up preventing markets from performing that well and also reduced the interest of investors in general in the region.”
For the 2023 Latin America Local Broker results, Institutional Investor received responses from over 630 investment professionals at 379 institutions.
To create the Local Broker results, country/region research is aggregated with country sales, corporate access, and trading & execution to create the overall Best Overall Local Broker results.
The individuals surveyed are kept confidential to ensure continuing cooperation. Voters must meet eligibility requirements, and winners must achieve a minimum vote count.