Investments in Brazil 'more than just iron and oil'
Date added: 16th March, 2010 at 10:48
(view all articles from March, 2010)
Categories: Natural Resources
People who are looking to make an investment in Brazil should consider different firms than the iron and oil companies which dominate the country's economy, it has been stated.
According to Sebastian Luparia, manager of the JPMorgan Brazil Investment Trust, people need to look beyond the Brazil MSCI.
He explained that the index is dominated by companies in the commodity and energy sectors, with Vale and Petrobras particular stand-out names.
Mr Luparia added that people considering making an investment in Brazil should not only concentrate on goods that the country exports, as these only make up just over ten per cent of the country's GDP.
"Our aim is to be significantly diverse from the index as we see rising public and private sector investment as driving economic growth rather than exports of commodities," he commented.
The Trust, which was launched earlier this year with a target of about £50 million to be invested, was described on its launch by Mr Luparia as an exciting opportunity to make an investment in Brazil.
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