Dexia makes investment in Brazilian bonds
Date added: 12th February, 2010 at 14:27
(view all articles from February, 2010)
Categories: Economy
Dexia Asset Management has made an investment in Brazil by buying government bonds, it has been reported.
The fund unit, part of Belgium's biggest bank, has chosen to make the investment in Brazil instead of in more traditional European economies, reports Bloomberg.
Dexia's global head of fixed income Koen Van De Maele said making an investment in Brazil was a good choice as the country has a growing economy.
He said: "The industrialised world is having some problems right now, they are making huge deficits and their debt levels were already higher than the average emerging-market country."
Making an investment in Brazil is an attractive option at the moment due its growing economy.
Brazil's economy was one of the quickest in the world to make it out of recession.
The International Monetary Fund (IMF) predicts gross domestic product growth of 4.7 per cent for Brazil during 2010 and an increase of 3.7 per cent in 2011.
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