Equity funds bet on Brazilian recovery

Equity funds bet on Brazilian recovery

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Latin America has entered a crowded election season this year, and equity fund managers are getting more selective in what they pick — and where. Banks and retailers have posted strong returns around the region over the past year, as economies rebounded. But the standout has been Brazil, and equity fund managers are betting that Latin America’s largest economy could surge after elections in October. "Brazil could be a favorite market for a while," says Will Landers, the New York-based portfolio manager of BlackRock’s Latin American fund. A centrist candidate has yet to emerge in the presidential race in Brazil, but even a less moderate politician could carry on with President Michel Temer’s

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