While Guatemalan politics make substantial noise around the world ( presidents, protests, more presidents, ONU) looks like corporate debt instruments issued by local companies not only don’t follow such flow of news but present an uncorrelated performance against this benchmark for emerging market bonds EMBI.

Perhaps when thinking of diversification with a contrarian approach as an investment policy style you shall consider Guatemalan issuers.

Bantrab / BICapital / Cempro / Tigo / CabCorp / Agormercantil