Monetary policy 'to boost Brazilian property sector'
Date added: 1st June, 2011 at 10:12
(view all articles from June, 2011)
Categories: Economy, Property News
It has been argued that the Brazilian property sector will benefit from future monetary policy decisions.
Fund Web reported on the investment of emerging markets fund manager Claude Tiramani, who has the country's real estate market as one of his focuses.
The news provider explained that the veteran investment expert believes monetary policy is unlikely to be tightened further and this will be advantageous to the Brazilian property sector.
Mr Tiramani has weighted the Lutetia Capital fund he is managing toward stocks in the Latin American country as well as other developing markets.
As much as 11.2 per cent of his fund was invested in non-staple consumer companies in Brazil as of April, while he also backed Thai and Indonesian financial firms and businesses in South Korea, the information source reported.
Mr Tiramani currently manages $12.2 million (£7.41 million) of assets through the Lutetia Emerging Opportunities fund.
He has 20 years of investment management experience and was rated A by Standard & Poor's and Citywire for the Parvest Emerging Market Equities and Emerging Europe funds respectively.
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