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Bloomberg Línea · Quoted expert ESOriginal title: Dólar y política monetaria: así es como impactarán las tasas de la Fed en Latinoamérica

Dólar y política monetaria: así es como impactarán las tasas de la Fed en Latinoamérica

Fortun discusses what the Federal Reserve's inflation and growth outlook means for Latin American monetary policy.

IIF Global Macro Views: Energy Shocks and EMs — A New Vulnerability Heatmap

Marcello Estevão · Jonathan Fortun / Institute of International Finance

Emerging markets face different energy shock risks depending on their import bills, sensitivity to food and fuel inflation, and reliance on foreign investors in domestic debt markets. A vulnerability heatmap brings these channels together while distinguishing structural exposure from market stress. Egypt ranks among the most vulnerable cases, and emerging Asia has the largest concentration of highly exposed economies.

IIF LatAm Views: Chile's Equities — Foreign Outflows and the Rise of the Household Buyer

Jonathan Fortun · Martín Castellano / Institute of International Finance

Chilean equities reached new highs while foreign investors reduced their ownership and pension funds avoided rebuilding domestic equity exposure. Households have absorbed most of the equity supply since 2023. This changing investor base may lessen dependence on foreign flows while making the market more sensitive to domestic liquidity and confidence.

Bloomberg Línea · Quoted expert ESOriginal title: Bolsa chilena cambia de protagonista: los hogares toman el relevo de extranjeros y AFP

Bolsa chilena cambia de protagonista: los hogares toman el relevo de extranjeros y AFP

Fortun discusses the growing role of households in Chile's equity market and how pension withdrawals changed the composition of demand.

Bloomberg Línea · Quoted expert ESOriginal title: El petróleo caro daría respiro a Latinoamérica en medio de crecientes presiones fiscales: OCDE

El petróleo caro daría respiro a Latinoamérica en medio de crecientes presiones fiscales: OCDE

Fortun assesses when a temporary oil windfall can support investment and stronger sovereign balance sheets.

IIF Deep Dive: Capital Flows and Digital Trade in Emerging Markets

Jonathan Fortun · Marcello Estevão / Institute of International Finance

Using emerging-market data for 2008–2024, the paper studies how the composition of capital inflows relates to exports of ICT goods and services. Equity FDI is associated with stronger digital exports, particularly after 2017; portfolio flows show a weaker systematic relationship.

Metrobank Wealth Insights (Reuters) · Quoted expert

Portfolio flows to emerging markets slow to USD 22 billion in February, says IIF

Fortun interprets February's slower emerging-market inflows as a return to normal after an exceptional January, rather than a fundamental shift in investor appetite.

IIF Capital Flows Tracker: March 2026

Jonathan Fortun / Institute of International Finance

Emerging market portfolio inflows slowed to $21.7 billion in February after an exceptionally strong January. Debt attracted $14.3 billion and equities $7.4 billion. The March tracker interprets this moderation as a return toward normal conditions after unusually large early inflows, with investors becoming more selective rather than broadly retreating from emerging markets.