Brazil is on the cusp of attaining full investment grade status, opening up new opportunities for investors in emerging markets.
In recent weeks, the nation has enjoyed a number of currency upgrades by ratings agencies Standard & Poor’s (S&P) and Fitch. A further upgrade to the rating would place Brazil alongside the other so-called BRIC countries of India, Russia and China which have all recently achieved full investment grade status. Luiz Ribiero, manager of the HSBC GIF Brazil Equity fund, predicts Brazil will achieve the status by the end of 2008 and says investment opportunities in Brazil are likely to continue to improve. Ribiero, who works for Halbis, the asset management arm of the HSBC Group, says: “The r...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes