Study

Research Providers

Latin America
2026
July 28, 2026

For investors, it was the diversity of the Latin American markets—from differing domestic and economic policies to disparate election cycles—that remained a source of strength in the region this year.  

 

“Latin America continued to be a market where dispersion created opportunities,” according to Carlos Sequeira, head of research at BTG Pactual.

 

While there are similarities among the countries in the region, the different domestic policies and, notably, electoral cycles created these unique opportunities this year for investors. “In our view, this reinforced the importance of country and stock selection,” he added. “Positive outcomes in presidential elections in Chile, Peru and Colombia boosted the performance of these equity markets in the past year. This year, Brazil’s presidential elections are the main highlight, while in 2027 we have presidential elections in Argentina.”

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Methodology summary

Picking the Team

To select the members of our 34th annual Latin America Research Team, Extel solicited opinions of directors of research and investment professionals at asset management firms with significant securities holdings in Latin America. We received responses from 948 individuals at 520 firms. The names of individuals surveyed are kept confidential to ensure their continuing cooperation.

This year, participants rated their top firms in each sector and then separately rated individual analysts or economists/strategists at those firms to create two distinct rankings for each sector. A numerical score was produced by weighting each vote based on the respondent’s Latin American commission range and the average rating awarded. This created the Commission-weighted Leader table rankings.

Using those scores, ranks were determined. Firms/analysts were designated runners‐up when their scores came within 35 percent of the third-place scores. For the analyst rankings, individuals, who switched firms after March 2, 2026, are cited at their previous organizations.

Voters, in the survey, must meet eligibility requirements, and winners must achieve a minimum vote count. All ballots are subject to review by our Research Operations Group.

The 2026 Latin America Research Team was compiled by Project Managers David Racadio and Vivian Grossi.

Survey Information