Argentina Leads LatAm Equity Push

Argentine equities performed the best among emerging markets of LatAm in August, says Bank of America-Merrill Lynch. It adds that the MSCI Argentina Index rose 12.8% in August, significantly outperforming the regional index, which gained 1.9% during the same month. The best performing sector was financials, while the worst performing sector was energy. In comparison, the MSCI Peru Index rose 4.7% in August, the MSCI Mexico Index jumped 5.0%, the MSCI Brazil Index firmed 1.5% and the MSCI Chile Index declined 4.5%.