By Chesney Hearst, Senior Contributing Reporter
RIO DE JANEIRO, BRAZIL – The number of Brazilian investors with over R$1 million in savings accounts has increased by 160 percent in the last five years, with the number reaching 10,145 people in 2013 up from 3,914 in 2008, according to a study from Brazil's Central Bank.
Reasons for the increase in savings vary, analysts claim, but risk aversion to fear of inflation and the return of an . . .