Week of 28 September - 2 October 2026 | Latin America rising as a diversifier

In this edition of Amundi's Weekly Market Directions: 

  • Despite rising yields, global equities remained resilient in Q3 supported by strong earnings and favourable economic conditions.
  • Within emerging markets, Latin America stood out in Q3, confirming its role as diversifier beyond the AI-trade and amid global geopolitical frictions.
  • EM offers opportunities to diversify* across different themes, including energy, technology and structural demand drivers.
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Monica Defend

Monica Defend

Head of Amundi Investment Institute

In a market shaped by AI, energy price uncertainty and re-routing, Latin American equities can offer diversification supported by attractive valuations and improving policy dynamics.

Monica Defend, Head of Amundi Investment Institute

Read the full weekly market directions

*Diversification does not guarantee a profit or protect against a loss.
 

Unless otherwise stated, all information contained in this document is from Amundi Asset Management S.A.S. and is as of 5 October 2026. Diversification does not guarantee a profit or protect against a loss. The views expressed regarding market and economic trends are those of the author and not necessarily Amundi Asset Management S.A.S. and are subject to change at any time based on market and other conditions, and there can be no assurance that countries, markets or sectors will perform as expected. These views should not be relied upon as investment advice, a security recommendation, or as an indication of trading for any Amundi product. This material does not constitute an offer or solicitation to buy or sell any security, fund units or services. Investment involves risks, including market, political, liquidity and currency risks. Past performance is not a guarantee or indicative of future results.
 

Date of first use: 5 October 2026

Doc ID: 5961793