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For dealmakers on the prowl, bargains in emerging markets are getting ever harder to spot, especially in the booming banking sector. But investors with a taste for adventure could do worse than look at Argentina’s listed banks, which have performed strongly of late. Boosted by a buoyant economy and ample scope for growth in a still-underdeveloped market, local banks’ shares have soared this year. But anyone yearning to grab a slice of the Argentinian financial market must also deal with the political uncertainty that still prevails in the country.
Read more at Financial Services Briefing: “Rich pickings” (September 16th)