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Investment in Brazil 'number one in world'

Date added: 19th March, 2010 at 09:23
(view all articles from March, 2010)

Categories: Economy

People have been advised to consider making an investment in Brazil.

According to billionaire investor Sam Zell, making an investment in Brazil is a very good option, reports Bloomberg.

"The number one country in the world for investment right now is Brazil," he commented.

"We see no bubble in Brazil."

A financial bubble is when goods and services are traded at an inflated price.

If the market then pops, an economy can be left struggling.

Mr Zell's company Equity Group Investments LLC is the main shareholder in Sao Paulo-based Gafisa SA, which is the second largest housebuilder in the Latin American country.

This comes after JPMorgan Brazil Investment Trust advised looking beyond the MSCI before making an investment in Brazil.

According to Sebastian Luparia, the manager of the Trust, although the country's economy is currently dominated by companies in the energy and commodities sector, people considering making an investment in Brazil should look elsewhere.ADNFCR-1477-ID-19678134-ADNFCR

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