Expert recommends investment in Brazil
Date added: 5th March, 2010 at 09:02
(view all articles from March, 2010)
Categories: Economy
Making an investment in Brazil has been tipped as a good option by one financial expert.
Jeff Chowdhry, who manages the Emerging Markets Fund for investment specialist F&C, said that making an investment in Brazil is a safer option than putting money into other developing countries.
He stated that Brazil's strong banking sector, as well as the fact that it has large resources of minerals and oil, makes it a solid selection for investors.
Mr Chowdhry added that the government has thus far managed the potential for investment in Brazil well, by keeping interest rates and inflation low to entice new companies and people into the country.
However, he warned that policymakers must be careful to avoid overconfidence and complacency in order to make sure that investing in the Latin American country remains an attractive option.
This comes after JP Morgan Asset Management launched a new fund to offer people opportunities to make an investment in Brazil.
About £50 million will be invested in between 25 and 50 companies.
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