Peru has become a rising star in the emerging markets

Brazil and Argentina came in the highlights among other emerging markets in recent months due to the political changes conducive to investors, but the neighbors gradually are overshadowed by inconspicuous Peru.
Peruvian index S&P Lima General is ahead of all global emerging markets in terms of the local currency in 2016, jumping up by 58 percent and leaving far behind Argentina's Merval, with its 33-percent growth and Brazil's Bovespa, which rose by 37 percent over the same period.
Taking into account currency adjustments, Peru - the second largest market after Brazil, which could greatly benefit from the large growth of the national currency, according to MSCI rating.
Stable economic growth in the last few years Peru is obliged to its new president Pedro Pablo Kuczynski, a former World Bank official and banker from Wall Street.
Even before the victory in close competition for the presidential elections in June, Kuczynski revived the hopes of investors, providing infrastructure investment plan, help for small businesses and employment programs. Lima General Index soared 8 percent, when Kuczynski finished second in the primaries in April, and the candidate of the left wing Veronica Mendoza dropped out of the race.
Kuczynski, who only for a few weeks occupies the presidency, on Thursday again called for tax cuts, saying that his plan will boost revenue to the treasury due to the expansion of the tax base.
"Peru is in the best shape for the last 50-60 years", - said Javier Kreyksell, portfolio manager in Epiphany Funds.
He believes, that Kuczynski will hold a number of important changes in the country, among them - increasing foreign investments and support for the most important Peruvian mining and banking sectors. Kreyksell expects, that the newly elected president will increase the pension funds, which should support savings, strengthen the financial system and ensure pensioners wealth.