The forecast for the Brazilian equity market is polarising fund managers investing in the region.
Will Landers, manager of BlackRock's Latin American Trust, is bullish on Brazil in light of its strong growth despite high interest rates. Brazil's government has asserted its commitment to fighting inflation whilst maintaining current high levels of growth, with President Luiz Inácio Lula da Silva anticipating growth of 5pc this year and a 3pc increase in the investment rate to 21pc by 2010. Landers commented: "Looking ahead, we expect Brazil's GDP to grow at a steady 4-5pc for the next decade. Last month's upgrade of Brazil's debt to investment grade by Standard & Poor's and then Fit...
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