Equity investor scorecard: Bargain hunters

Equity investor scorecard: Bargain hunters

Corporate & Sovereign Strategy Funds

By Katie Llanos-Small At the start of the year, few international portfolio managers would have named Petrobras their favorite stock. The oil firm’s weak equity performance had for many months weighed down portfolios and fund managers had resorted to underweighting its shares. But in single a day in early March, news of a diesel price increase and new oil finds pushed its share price up 15%. The underweights were left out in the cold. Petrobras’s sudden reversal of fortune is unlikely to impact the underlying trend in equity investing in Latin America, where in recent years large cap stocks have largely fallen from favor. Investors have instead flocked to consumer industries, favorin

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