Fund investing in Brazilian property 'outperforms other vehicles'
Date added: 31st January, 2011 at 09:38
(view all articles from January, 2011)
Categories: Economy, Natural Resources, Property News, Olympics 2016, World Cup 2014
It has been claimed a fund that backs Brazilian property has performed better than other vehicles for investment in Brazil.
Speculator Michael K Dawson explained he had cashed in by betting on domestic demand, as the economy grew stronger.
This meant investing in the small cap exchange-traded fund BRF, which backs banks, retailers, homebuilders and other sectors that benefit from consumer spending.
Mr Dawson's original focus for investment in Brazil was commodities, as the country is rich in natural resources such as oil, copper and iron ore.
Another encouraging factor for speculators is the fact the nation will host the Olympics in 2016 and World Cup in 2014, the expert said.
"Both events will drive significant investments," he stated.
As many as 20 million Brazilians have emerged from poverty over the past eight years, Mr Dawson noted, advising those who are worried about the country's inflation to take heart.
"I expect the government to be very vigilant over the next six months to a year," he predicted.
Brazilian property was recently focused on by a new fund launched by Pramerica Real Estate, Reuters reported.
For anyone wishing to invest in the full potential of Brazil, Property Bond Brazil has an excellent array of Brazilian property.
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