Is Brazil the next bubble?

Investor appetite for Brazil continued to intensify last year. The country's healthy growth figures, strong investor appetite for exposure to emerging markets, weak GDP numbers in developed economies and Europe's sovereign debt crisis, all contributed to Brazil's increased appeal. Meanwhile, the launch of the Allianz RCM Brazil fund, which the group claimed was the first British-domiciled, actively-managed Brazil Oeic, also added to the noise. But is the country a one-way bet and should you be advising clients to pile into Brazilian equities? From a macro perspective, the answer is ye...