Plenty of Upside Seen in Brazil Equities

Plenty of Upside Seen in Brazil Equities

Funds

Brazil's main large cap stocks still have plenty of room for higher valuations, in the view of William Landers, manager of asset manager BlackRock's $732m LatAm fund. "We don't think there's a valuation bubble here," said Landers, speaking Tuesday at a luncheon. Over 60% of the fund is dedicated to Brazil, where Landers sees the most growth opportunity versus the rest of the region. "Many large cap names are trading in line or at a discount to their EM peers," notes Landers, pointing to CVRD whi

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