J.P. Morgan Asset Management’s investment trust team took a group of clients to Sao Paulo and Rio de Janeiro to see at first hand the extensive growth opportunities and the challenges that exist in the 5th largest country in the world.
As investors, all too often tend to look east to Asia for Emerging Market exposure and do not give Latam and in particular Brazil the attention it perhaps deserves. This is probably due to a lack of investable products dedicated to the region but also because energy and material companies dominate the Brazil stock market meaning this exchange is seen as another play on global and Asian growth. However, materials and energy account for a low percentage of Brazil GDP and as is often the case that the stock market does not reflect the economic opportunity.
We think that over time this will change and this 6 day research trip highlighted some of the investable opportunities that currently exist for this exciting and growing country.
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