Merrill Lynch Introduces ML LATAM 1 List of High-Conviction Ideas
NEW YORK.— Merrill Lynch (NYSE: MER) has introduced a new research product representing a collection of the highest conviction recommendations from Merrill Lynch fundamental equity research analysts. The Merrill Lynch LATAM 1 list offers investors access to some of the firm’s most compelling research ideas drawn from the universe of Buy-rated Latin American stocks (including ADRs).
Stocks are selected for the list based on key investment themes identified by Merrill Lynch analysts and meet one or more of the following criteria: 40 percent or more of its business (revenues, EBITDA, net income, assets) in Argentina, Brazil, Chile, Colombia, Mexico, Peru or other countries in Latin America; its stock’s primary listing is on a Latin American stock exchange; and it is incorporated or has its principal executive offices in Latin America. The list is designed to deliver superior performance, driven by the identification of high-conviction stocks by analysts correlated with these themes, and will be managed with a goal of providing superior, long-term investment performance.
Strong growth potential is a key feature of virtually all of the companies on the LATAM 1 list. Merrill Lynch analysts currently maintain above-average expectations for economic growth should drive underlying business momentum for many stocks in the region. This should lead to (1) development of a rich natural resource base; (2) continued growth in consumption, helped by declining interest rates (particularly in Brazil); and (3) the need for infrastructure development. Merrill Lynch Global Research has consistently achieved high rankings for its equity and fixed income research in numerous regional and global investor surveys, such as Institutional Investor, The Wall Street Journal, LatinFinance, Asiamoney, Euromoney, Bloomberg, Extel and Reuters.
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