Brazil: One of the Top Performing Stock Market So Far This Year

Brazil is the top performing market in the world so far this year. The Bovespa has shot up by 41% year-to-date, The Olympics and more importantly the ousting of the Dilma Roussef government a while ago by a more pro-growth conservative administration made foreign investors turn their attention to Brazilian equities again. Bovespa year-to-date return chart: Click to …

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One Structural Flaw in the Brazilian Growth Story

The Brazilian economy and equity markets have been on a downward trend for the past few years. The benchmark Bovepa index is down 9.5% year-to-date. Ever since the Global Financial Crisis of 2008-09 Brazilian stocks continue to be poor performers. This is in sharp contrast to views held until a few years ago when the …

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Brazilian Bank Stocks: Are They A Good Buy Now?

The Brazilian equity market entered the bear market territory recently. The IBovespa is down by 2.65% year-to-date. Banks have held up well compared to other Brazilian stocks listed on the US exchanges as shown in the table below. Source: BNY Mellon Brazilian bank stocks may be attractive now for investors looking to gain exposure to …

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On the Performance of Brazilian Utility Stocks

The Brazil presidential election run-off is on Oct 26th (Sunday).The current President Dilma Rousseff is challenged by Aécio Neves. Investors are eagerly waiting for the outcome of this election as there will be major policy changes that impact the investment climate in the country.They are betting for a Aécio Neves win as Dilma has been a disaster during her tenure from …

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