GRAPHIC-Brazilian beat leads emerging markets in Q3

viernes 30 de septiembre de 2016 08:54 GYT

By Marc Jones

LONDON, Sept 30 (Reuters) - Another hot run for Brazil and Latin America kept emerging market assets soaring in the third quarter and on course for what could be their best year since 2009.

The prospect of central banks around the world keeping the stimulus taps open following Britain's June 23 vote to leave the European Union increased investors' appetite for higher-risk higher-reward assets that only EM economies offer.

"During the summer it was a global rally with no discrimination," Crédit Agricole senior emerging market strategist Guillaume Tresca said. "Volatility was really low so that encouraged carry trades. Also, there have been no big surprises in China and no big surprises in commodities."

Brazil tops the equity returns table with a third quarter 13 percent rise, taking year-to-date gains to 62 percent in dollar terms, these charts show:

The surge - spurred by the ousting of left-wing leader Dilma Rousseff, falling inflation and the prospect of economic reform - helped Brazil leapfrog nearby Peru where stocks have risen above the 50 percent mark.

And another solid quarter in Colombia has put it in the South American top three for worldwide equity performance.   Continuación...