PGIM Fixed Income from the Prudential Group has just released first quarter bulletin for investors, presenting some of what they see as their favorite currencies and bonds, Guess what? Brazil made the cut on both. It’s what Kenneth Rapoza (Forbes) tells us in his article “Brazil Is The Hottest Big Emerging Market Right Now”.
The situation is terrible in the country: recession is in its second year; the downgrade risk is not over and the debt seems unbearable for many states. But international investors are up confident that very importante reforms – pension among them – will pass Congress this year. If they do, there’ll be plenty of reasons to bet on Brazil!