Brazil President Bolsonaro’s Biggest Economic Win, Pension Reform, Expected This Week

Pedro Zevallos, Co-Portfolio Manager for Dalton Investment’s Global Emerging Markets Equities Strategy, was recently quoted in Forbes, discussing Brazil’s pension reform bill. “There are structural impediments in Brazil even with pension reform passing, but this new government is giving us some light at the end of the tunnel. If they can finally pass this, it will send a positive message to the market.” Zevallos is overweight Brazilian stocks and believes that this reform will be beneficial for Brazil. “If Brazil can take this first step in fixing all of its structural problems, and Bolsonaro brings local governments on board with it, then this will be very positive for Brazil.” Read the full article here.