When higher interest rates and as low global growth cut into inflation, the government quickly lowered interest rates and investors returned to Brazil stocks at the end of the year.
With new export orders falling, especially in China, Russia, and Brazil, stocks have built up, lifting inventory counts substantially.
FORBES: Emerging Market Growth Fell To Lowest Level In Two Years In Q2
The Van Eck Market Vectors Latin America Small-Cap Index Exchange Traded Fund was listed on NYSE Arca this morning. (NYSE Arca: LATM) The ETF includes stocks from Brazil, Mexico, Chile and Argentina, among other places, with 42.8% of its weighting in Brazil.
Once again, China and Brazil dominate the list of stocks trading at a discount to their peers, or having declined enough in the last several trading sessions to reduce the cost of acquiring equity in the company.
FORBES: As Equities Decline, Value Plays Increase in BRIC Mkts
The sell-off in Wall Street stocks was mirrored in Brazil and Argentina.
The firm, which provides research to 12, 000 financial advisers, argues that these bonds offer a way to invest in countries like China and Brazil while taking on less risk than with stocks.
He has the ability to invest in the big cap stocks in many overseas markets, including Brazil and China.
Brazil's market for so-called growth stocks, the novomercado, does not allow such non-voting shares and sets high standards for corporate governance.
The team is finding India, Brazil and Indonesia to be the most fertile spots for stocks, and most of the picks are in the discretionary consumer spending, financial services and manufacturing sectors.
Despite the rise in stock indexes in Brazil and Mexico, Dennis is bullish on consumer-driven stocks because of the long-term growth he expects in domestic demand.
Despite the dramatic rise in stock indexes in Brazil and Mexico, Dennis is bullish on consumer-driven stocks because of the long-term growth he expects in domestic demand.
Traditional Brazil investors have done poorly, while investors who were picking up consumer stocks traded on the Bovespa stock exchange last year did well if they had access to a local broker.
Between 2001 and 2007, BRIC stocks soared, more than doubling in China and rising 369% in Brazil and 499% in India.
Dreyfus mutual funds Brazil Equity ( DBZAX), which focuses more on mid and large-cap stocks is down 5.48 percent over the last 12 months as well.
One exception to the tepid performance is the surge in stocks tied to the growth of the middle class in Brazilian consumer: the Global X Brazil Consumer ETF (BRAQ) is up nearly 27% in the past year.
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