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Mauricio Levi From Precy Dumlao, Opalesque Asia:
Emerging markets still have a much larger share of hedge fund allocations compared to Latin America, but global allocations to Brazilian securities are expected to grow over time with the help of local investors. This was the consensus reached amongst panellists in the latest Opalesque Brazil Roundtable sponsored by Citi and Eurex.
Pressed to comment why Latin America is under-represented in the global institutional portfolios, Mauricio Levi, Founding Partner of the $1bn long-only value investing equity house FAMA Investimentos said, "The vast majority of foreign institutional investors still know very little, if at all, about Brazil. They are still focusing a lot in Asia as their core emerging market allocation. Brazil is still new to them - be it by the distance, be it by the lack of knowledge, whatever the reason, there is a still lot of, let's call it, learning curve, ahead. Today, investors begin to understand what Brazil as an emerging country will deliver over the next few years and that it won't be another stop and go process like we have had so many times in the past. As foreigners gain confidence, they will put more money to work in Br...................... To view our full article Click here
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