Foreigners Flock to Brazil ETF as Early Signs of Comeback Arise

Pedro Zevallos, a Senior Research Analyst specializing in Latin American equities and a Co-Portfolio Manager for the Global Emerging Markets Equities Strategy, was recently quoted in Bloomberg discussing the Brazilian stock market. Less than a year after Brazil’s social security reform was approved and a month before the reform will be enacted, the biggest exchange-traded fund tracking Brazilian stocks, iShares MSCI Brazil ETF , saw its biggest daily inflow. “Don’t think foreign investors will stay on the sidelines if you see steps in the right direction,” said Pedro Zevallos. “They will have to come in at some stage.” Read the full article here.