Latin America Savors Reverse Brain Drain

Why would someone from an immigrant family give up the American dream to return to their home country? The question is self-absorbed; the answer has something to do with the intrinsic lure of opportunity, mixed with push-them-out politics. Colombia and Peru afford two examples in Latin America. In the 1970s and 1980s, hundreds of thousands left Bogota and Lima to escape debilitating narco-economies. Now their children are returning home to start new companies, often in the technology and export sectors. Low-cost labor is an incentive. The endorphins that are generated by pioneering a business in the motherland may be another. Among the good news, reverse brain-drain is creating specific opportunities for emerging-market investors, given the commercial leverage afforded by the knowledge-transfer process. The risk centers on the small and medium-sized nature of these firms.

Learn more at Bloomberg

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Bourse Performance

We spotlight the best-performing stock exchanges across emerging markets worldwide.

Top Five
Year-to-Date Through 30 June 2020

China2.6 %
Taiwan-2.5%
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Malaysia-10.4%
Qatar-14.8%

Data is shown on a price-return basis in US dollar terms for the broad market index. In this context, we do not report on narrow segments such as China A shares or Russia ADRs. This list excludes performance information on smaller, so-called frontier markets.

Source: MSCI.