A quarter of stockbrokers tip investment in Brazil
Date added: 16th February, 2010 at 09:27
(view all articles from February, 2010)
Categories: Economy
A new survey has revealed that a quarter of stockbrokers expect an investment in Brazil to result in a good return.
The research from Barclays Stockbrokers found 24 per cent of clients tipped making an investment in Brazil over other emerging markets.
Barbara-Ann King, head of investments at Barclays Stockbrokers, said clients had not been put off making an investment in Brazil or in other developing economies.
She said: "It is interesting to see our investors putting their confidence not only in the concept of investing in emerging markets, but also being confident in acknowledging their preference for investing in particular countries."
The survey also revealed that more than half of investors considered emerging markets in general to be likely to report the best returns in 2010.
Making an investment in Brazil is an attractive option for investors as the country's economy was quick to rebound from the recession.
Brazil's economy is expected by the International Monetary Fund to show growth of 4.7 per cent during 2010.
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