RIO DE JANEIRO, BRAZIL - Citywire Americas writes in its latest report that fund managers and investors in the LatAm market have high expectations for Brazilian equity markets following a marginal economic recovery, pension reform and lowered interest rates.
According to Bank of America Merrill Lynch’s fund manager survey, 77 percent of investors surveyed expect Brazilian equities to outperform in the next six months, up from 70 percent last month.
This is in line with expectations from almost 90 percent of respondents who foresee the Brazilian stock exchange index will hit 110,000 by the end of the year.
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