Study Latin America

Tulio Vera, chief global investment strategist for the J.P. Morgan Latin American Private Bank

“There’s a ray of sunshine from Argentina,” says Vera. “That’s not only important for the country but also for the region.” While Vera says the investment landscape in Brazil remains uncertain, he sees Mexico continuing to benefit from the U.S. economic recovery, especially in the auto industry. “There will be some very interesting entry points in Latin American assets between now and the end of next year,” he says. “We are getting closer to a re-entry moment for some of these markets.”

Growth Is Coming … In 2017

Joseph LaVorgna, chief U.S. economist at Deutsche Bank

“I’ve got growth accelerating a bit because it seems like there are reasons that the economy should get better, but it’s concerning that 2010 was the best year for growth since before the recession. As I look forward, the message is ‘more of the same,’ with maybe some optimism into 2017 that whoever the U.S. elects president will pursue growth policies, since this economy hasn’t done well.”

Impact Investing Will Target Cancer

Mark Haefele, global chief investment officer at UBS Wealth Management

“The world’s populations are aging, and demand for cancer treatments will only increase,” says Haefele. “Yet the supply of capital for the riskiest stages of development is limited.” Health-care companies tend to focus on later-stage research, providing an opportunity for earlier-stage investors to earn an attractive long-term return—and benefit society. “This type of practice”—known as impact investing—“is likely to become more popular as investors seek to align their portfolios with their social values as well as generating a return,” says Haefele.

China Will Be Just Fine

Yang Zhao, chief China economist at Nomura Holdings, which cut its 2016 GDP forecast to 5.8 percent from 6.7 percent on Oct. 6

“Is there going to be a hard landing in China? I don’t think so. The labor market remains largely balanced; even with 5.8 percent GDP growth, the economy will create jobs, especially in the labor-intensive services sector. And it’s unlikely that China’s financial industry is headed for a crisis because most of the country’s institutions are backed by the government. Should any systematically important financial institutions have any problems, we believe that the government will step up to rescue them.”