Argentina at a Crossroads
- Presidential elections in October likely to signal path towards either economic normalization or a more populist agenda.
- President Mauricio Macri’s lead in the polls has narrowed, but a victory for main challenger Alberto Fernandez and Cristina Kirchner as deputy is unlikely.
- We are finding pockets of opportunity in companies with real assets and those with more diversified, and therefore less cyclical, earnings streams.
The fortunes of Argentinian stocks are being driven by domestic factors, where electoral uncertainty and econom