By Maria Lopez Conde, Senior Contributing Reporter

SÃO PAULO, BRAZIL – Foreign fixed income investments in Brazil reached US$4.91 billion in the month of June, following the government’s decision to zero the IOF tax. That is more than the $4.17 billion fixed income investments the country registered between January and May combined this year.

According to economics department head at Brazil’s Central Bank, Tulio Maciel, investors seem to be migrating from stock to fixed income . . .

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