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BGF Latin American - wait or sell now?

  • 11-03-2017 5:39pm
    #1
    mrcheez
    Registered Users, Registered Users 2 Posts: 14,084 ✭✭✭✭


    So far Trump's win has been doing a marvellous job of giving some boost to my remaining Rabo funds, but I've noticed one of them is beginning to drop quite sharply: BGF Latin American

    Top 10 holdings include largely Brazillian holdings like..

    Bank Bradesco 9.97%
    Itau Unibanco 8.33%
    Petroleo Brasileiro 7.41%
    https://www.rabodirect.ie/binaries/profile_0P0000VHM4_tcm97-160282.pdf?profile_5301300

    Time to cash out, or is this drop a temporary March blip? Haven't really been keeping up with the markets, but anything coming up in the next few weeks that will mean bad news for Brazil?


Comments

  • #2
    Deub
    Registered Users, Registered Users 2 Posts: 1,443 ✭✭✭Deub


    It may be linked to the fed rate hike likely to happen in March.


  • #3
    newacc2015
    Closed Accounts Posts: 2,379 ✭✭✭newacc2015


    Deub wrote: »
    It may be linked to the fed rate hike likely to happen in March.

    I doubt it. If anything highly indebted companies in emerging markets would fair worse

    I would hazard a guess it is due to recovering commodity prices. Oil has done pretty well in the last 12 months. If commodity prices are doing well, they can pay off their loans etc which will benefit banks


  • #4
    mrcheez
    Registered Users, Registered Users 2 Posts: 14,084 ✭✭✭✭mrcheez


    newacc2015 wrote: »
    I doubt it. If anything highly indebted companies in emerging markets would fair worse

    I would hazard a guess it is due to recovering commodity prices. Oil has done pretty well in the last 12 months. If commodity prices are doing well, they can pay off their loans etc which will benefit banks

    Hmm so why would the bank stocks be dropping?

    Anyway will see tomorrow, it might rise but I'll be offloading it either this month or before Rabo funds close in April.


  • #5
    mrcheez
    Registered Users, Registered Users 2 Posts: 14,084 ✭✭✭✭mrcheez


    newacc2015 wrote: »
    I doubt it. If anything highly indebted companies in emerging markets would fair worse

    I would hazard a guess it is due to recovering commodity prices. Oil has done pretty well in the last 12 months. If commodity prices are doing well, they can pay off their loans etc which will benefit banks

    Actually it's shot up from 56.93 -> 57.60 so you must have been right.

    Will watch this for a bit before selling it...


  • #6
    newacc2015
    Closed Accounts Posts: 2,379 ✭✭✭newacc2015


    mrcheez wrote: »
    Actually it's shot up from 56.93 -> 57.60 so you must have been right.

    Will watch this for a bit before selling it...

    Hedge funds are dumping oil. So oil prices will continue to slide


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