Improvement within Latin America has provided recent fodder for International Equities.
In recent weeks, our reports have highlighted leadership within International Equities and the broadening of positive evidence. While European equities have been the stalwart of the asset class for much of 2025, other regions like Africa/the Middle East and Latin America have not only shown improvement in price but on a relative strength basis as well. Relative to other regions like Asia-Pacific, where leadership within the region has been narrower, Latin America has provided recent fodder for the asset class.
Within the NDW DALI International Equity rankings, Latin America has climbed from last place at the beginning of April up to 4th (out of 6) at the expense of Asia-Pacific region. While Latin America has shown relative improvement against other regions within DALI, the improvement hasn’t simply just been relative as the Asset Class Group Scores (ACGS) page notes the group's trend and relative improvement.
As of Monday’s (6/16) close, Latin America scores just below the 4-score threshold – a level in which a group shows notable leadership. After falling as low as 0.50 at the end of 2024, the Latin American group has climbed to 3.98 to mark its highest score in more than 12 months. A move above the 4-score threshold would add Latin America to a strong contingent of international groups leading within the Asset Class Group Scores page that includes region/country groups like Middle East Africa, Europe, Pacific Basin, Frontier Markets, and Japan. Additionally, the broader Non-US, Global & International Value, Global & International Blend, Emerging Markets Diversified, Global Developed Markets, and All Global & International Diversified all currently score above the 4 threshold, making roughly 2/3rds of the groups being international equity related.
Given the few options available for exposure within some of these international groups like Africa and the Middle East, Latin American leadership provides additional options for those seeking to increase exposure to the broader asset class.
