Strong growth in telecoms, a successful privatisation phase and a financially responsible government...
Strong growth in telecoms, a successful privatisation phase and a financially responsible government have improved investor sentiment on Brazil. Recently the Brazil government lowered interest rates to 17.5% citing positive domestic inflation data and GDP growth for the first quarter at 3.1%. David Manuel, Head of Latin American Equities at Invesco, says the telecoms sector has recently grown to be the strongest in Brazil. He says: "It was always a strong sector but the privatisation process of 1998 has put it at the forefront of Brazil's economy." Manuel, who is overweight telecoms, sa...
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