Brazil stocks set to rise after Petrobras issue, says ING IM
That will be a boon to the series of new Brazil and Latin America funds, but investors should be wary of Chilean and Colombian stocks, says the Dutch asset manager.
Brazil remains the focus of investor interest in Latin America, as the region’s biggest exporter of commodities and by far the largest country component in the MSCI 10/40 Latin America index with a 65% weighting.
And once the huge pending equity offering by energy major Petrobras is complete, yet more money should pour in, says Eric Anderson, head of Latin American equities at ING Investment Management in New York, speaking to AsianInvestor during a visit to Hong Kong.
It’s no surpris…
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