Shares in Brazilian property builders 'expected to perform well this month'
Date added: 2nd June, 2011 at 14:00
(view all articles from June, 2011)
Categories: Property News
A good performance from Brazilian property developers is expected to be seen on the country's stock exchange this month.
Bloomberg reported on a note from analyst Carlos Sequeira, which revealed that Banco BTG Pactual has added real estate companies to its portfolio for June, including homebuilders Rossi Residencial and MRV Engenharia & Participacoes.
The news provider stated that the BTG Pactual expects to see banks and Brazilian property developers drive the country's Bovespa index upwards this month, while it is also retaining holdings of miner Vale and oil firm Petroleo Brasileiro.
Shares in Itau Univanco, a lender based in the nation, have also been added to BTG Pactual's portfolio for June.
The asset management firm believes that worries over the country's inflation will ebb and aid the performance of real estate stocks.
BTG Pactual has 27 years of experience in asset management and offices across Brazil as well as London, Hong Kong and New York.
Property Bond International Ltd was established in 2003 to help overseas buyers purchase Brazilian Property Investments. A free personal search service is also offered whereby clients specify exact requirements and properties are searched for. Property Bond also offer a consultancy service for clients or businesses wishing to enter into Brazil to make contact with product suppliers or purchase other investments, rent offices. - see www.brazilianassets.com
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