| Sovereign funds like the Abu Dhabi Investment Authority (ADIA) and Norway’s Government Pension Fund Global (GPFG) have maintained a strong belief of getting more exposure to emerging markets. This ongoing migration of trying to identify the “right” emerging markets has been challenging. Brazil, once a hot market for sovereign wealth activity, has suffered negative returns in its equity markets.
The MSCI Brazil index for 2014 returned -14.04%, 2013 fared worse at -16.04%. Developing markets like Brazil, sovereign wealth funds will be highly selective when deploying capital. However, certain emerging markets are faring better...............................................Full Article: Source |