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RIO DE JANEIRO, BRAZIL - Brazil has lost a significant share in foreign investor portfolios amid increased political risk, poor economic activity and historically low interest rates.

Managers estimate that, in global funds, the country's share - which has already stood at 2.5 percent - fell to 0.3 percent in late May, its lowest since 2015, a year marked by the recession and the political crisis that triggered Dilma Rousseff's impeachment. In the portfolios focused on emerging markets, the share fell to seven percent, also its lowest since 2015.

Managers also alert to the risk that, with interest rates . . .

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