Foreign banks sharply increase exposure to Brazilian stocks in Latin American portfolios: is optimism back?

In the past two weeks, UBS, JPMorgan, and Bank of America (BofA) have raised exposure to Brazil in their Latin American portfolios to above the average in relation to other economies in the region.

By Lara Rizério, Moneytimes

RIO DE JANEIRO, BRAZIL - Far from controlling the pandemic and having last week surpassed the sad mark of 500,000 deaths caused by the coronavirus, Brazil still has many challenges to overcome in order to tackle the disease and resume normal economic activity.

However, as vaccination is expected to accelerate - still lagging behind developed countries, with only 11% of the population vaccinated with two doses - and with indications of economic and corporate resilience, several foreign banks have increased their exposure to Brazil in their strategic portfolios for Latin America, but not without highlighting the risks . . .

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