If you are unable to attend but would like to receive
documentation from this conference,
please call 312.540.3010
If you have any questions please fill out an online inquiry.
If you would like to register for an ICM Conference please fill out an online registration form.
Or contact Alyson Smith in New York at (212) 983-3500 to register.
8:30 RE-REGISTRATION & COFFEE
8:00 RE-REGISTRATION AND COFFEE.
8:30 CHAIRPERSON'S OPENING REMARKS.
8:45 COMPARING REGIONAL AND GLOBAL APPROACHES TO ASSET ALLOCATION.
The Global Perspective: Advantages of a global equity strategy. Examining correlation measures. Analyzing the role of Latin America in a globally diverse portfolio. Lars Nielsen Director, Equity Sales and Client Relations BARRA
The Regional Perspective: Advantages of regionally focused equity styles. Examining intra-regional correlation measures, particularly capital flows. Optimizing the Latin American regional equity portfolio. Juan Carlos Garcia Senior Vice President, Head of Emerging Markets Equity Research SANTANDER INVESTMENT
10:15 MORNING BREAK
10:30 Keynote Address VALUE INVESTING IN LATIN AMERICA.
Uncovering value in Latin America. The reform process. Economic outlook. Country and sector values.
Peter Gruber President GLOBALVEST/LATINVEST MANAGEMENT
11:15 POTENTIAL FOR INCORPORATING LATIN AMERICAN CONVERTIBLE BONDS INTO THE EQUITY PORTFOLIO: COMPARING THE ASIAN EXPERIENCE.
Exploring recent developments in Latin American convertible bond markets. Summary of existing product structures. Comparing Asian and Latin American convertible markets. Practical guidelines for investing in emerging market convertibles. Valuing convertibles as fixed income instruments. Issuer's credit rating. Credit spread. Valuing convertible bonds as equity instruments. Conversion factors. Volatility of the underlying. Outlook for Latin American convertible bond markets.
12:00 LUNCHEON FOR DELEGATES AND SPEAKERS.
1:15 DEVELOPMENTS IN EXCHANGE-LISTED CONTRACTS: LOCAL AND U.S. PERSPECTIVES.
Overview of local exchanges. Products available. Regulatory environment for U.S. investors. Progress toward obtaining CFTC approval. Examining Mexico as a case study. Products available via MEXDER. Volumes traded. Clearing and settlement issues. Summarizing U.S. efforts. Products available on U.S. exchanges. Development of new products.
Moderated By: Jesse Wright Financial Sector Specialist INTER-AMERICAN DEVELOPMENT BANK
Michael Gorham Vice President, International Market Development CHICAGO MERCANTILE
EXCHANGE Bernardo Gonzalez-Arechiga Executive Vice President, Derivative Products BOLSA
MEXICANA DE VALORES
2:15 AFTERNOON BREAK
2:30 THE VIEW FROM BRAZIL: EVALUATING THE LATEST DEVELOPMENTS IN KEY SECTORS.
Overview of recent economic data. Developments in infrastructure. Review of pending privatizations. Outlook for key sectors. Electricity Telecommunications Transportation Mining/Metals Construction. Eucherio Lerner Rodrigues Chief Economist BRAZILIAN SECURITIES COMMISSION
3:10 EXAMINING GROWTH OPPORTUNITIES IN THE ANDEAN REGION.
Market-by-market economic assessment. Chile Peru Colombia Ecuador Factors driving growth in equity offerings. Projections for equity market expansion. Ramsn Espinosa Vice President & Senior Economist BANK OF AMERICA
3:50 EXPLORING THE POTENTIAL FOR PROFIT IN TELECOMM STOCK.
Size of Latin American telecomm sector. Size of upcoming IPOs. Outlook for privatization. Government restrictions on foreign investment. Peter Treadway Managing Director and Analyst, Latin American Telecomm Services SMITH BARNEY
4:30 FOCUS ON THE LATIN AMERICAN BEVERAGE SECTOR: A CASE FOR NON-CYCLICAL CONSUMER GROWTH.
Sector overview. Characteristics of beer, soft drinks and wine. Demographic and consumption trends. Bottom-up vs. top-down. Sector growth drivers. Lower raw material costs. Rising selling expenses boosting per capita consumption. Rationalizing distribution and production. Acquisitions and joint ventures. Valuation techniques. Assessing country risk. Break-up value. Cross-border valuation ratio comparisons. Top picks. Countries. Sectors. Alexander Robarts Vice President & Beverage Sector Analyst SANTANDER INVESTMENT - SAO PAOLO
5:10 CHAIRPERSON'S SUMMATION.
5:20 END OF CONFERENCE.
If you are unable to attend but would like to receive
documentation from this conference,
please call 312.540.3010
If you have any questions please fill out an online inquiry.
If you would like to register for an ICM Conference please fill out an online registration form.
Or contact Alyson Smith in New York at (212) 983-3500 to register.