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Otavio Vieira Bailey McCann, Opalesque New York:
Foreign investors are starting to look more closely at investing in Brazil - one of the few markets left relatively untouched by the global financial crisis. Participants at the most recent Opalesque Brazil Roundtable noted that over the past couple of years investors have started to allocate more funds to the Brazilian market in lieu of returns elsewhere.
According to Otavio Vieira, partner, Fides Asset Management, foreign investors have bought "IPOs and follow-ons on those with substantial volumes. For this year, so until early March 2012, they bought over 7 billion reals in the BOVESPA, and foreigners are also very active in the private equity space."
"The creditworthiness of Brazil is probably at the best position for at least the previous 40 years and therefore the risk of a sovereign bond is at extremely low levels," Vieria notes. The Brazilian financial sector is also seeing capital investments from investment banks, trading firms and service providers toward improving the overall financial infrastructure.
Vassillis Vergotis, head of Latin America, Eurex, highlights these moves - "You saw deals like UBS acquisition of the Brazilian brokerage firm Link Investimentos in April 2010. Several major vendors like Trading Technologies and Equinix (through its acquisition of the Brazilian technology firm Alog) now provid...................... To view our full article Click here
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